There was a study done a few years back that found the average American spends more than $1,000 a year – which is about $20 a week – just on coffee.
But can you tell the difference between an expensive cup and a cheap one? Don’t be so sure!
Cheap vs. expensive coffee
In a blind taste test, NBC News discovered that 67% of coffee drinkers preferred a $1 cup of coffee over the fancy stuff, which sold for $3.25. Hosts Savannah Guthrie, Matt Lauer and Al Roker also liked the inexpensive cup better.
In the past, we’ve explained how you can save $500 a year by simply making your coffee at home instead of buying it at a coffee shop. Here's a simple cost comparison:
BOUGHT AT RESTAURANT
- Medium Dunkin' Donuts hot coffee
- $1.89 before tax
- 14 fluid ounces
- 13.5 cents per fluid ounce
BREWED AT HOME
- 12-ounce bag Dunkin' Donuts ground coffee
- $7.99 before tax
- Makes up to 40 cups, 6 fluid ounces each
- 3.3 cents per fluid ounce
Can you save even more?
On a popular Reddit thread, dozens of people shared their favorite cheap brands of ground coffee that you can buy to brew at home -- so you could potentially save more by making the switch!
We’ve listed the budget brands mentioned in the thread, plus recent pricing:
- Cafe Bustelo: $3.88 for a 10-ounce container at Walmart
- Trader Joe’s: Starting at $6.99 for a 14-ounce container
- Eight O’Clock Coffee: $5.20 for an 11-ounce bag at Walmart
- Community Coffee: $6.00 for a 12-ounce bag at Walmart
- Barissimo (Aldi): $3.99 for a 12-ounce bag
- Archer Farms (Target): $6.11 for a 12-ounce bag
- Kirkland Signature (Costco): $27.29 for a 96-ounce container
Falling coffee prices
As you probably noticed by reading through the prices, most of those brands are cheaper than the Starbucks or Dunkin’ Donuts ground coffee that’s sold in the grocery store.
But the good news is that even the more expensive brands are going on sale more often lately.
The J. M. Smucker Company, which sells Folgers and Dunkin’ Donuts coffee, recently cut prices by 6%, citing a decline in coffee bean prices this year.