We want to help you make better informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and earn us a referral commission. For more information, see How we make money.
Changes are brewing in the coffee landscape these days, and we’re not just talking about the return of pumpkin spice.
Ever since the pandemic hit, you’ve probably said goodbye to your coffee break before your morning commute, or even the lunch break with your coworkers. While we probably need a dose of caffeine more than ever, it’s safe to say that our coffee habits have changed dramatically over the past few months.
Cutting down on your Starbucks habit won’t suddenly help you afford a house, despite what some “expertssay. But that could save you between $ 1,000 and $ 2,000 a year, according to our calculations.
Even the former Starbucks CEO concedes that our new, cheaper habits might stick around.
“Consumer behavior has changed dramatically. It doesn’t matter if there is a vaccine today, my world view is that these types of pattern changes will be somewhat permanent as people find new ways of living, new ways of working, ”Howard Schultz said recently. to NextAdvisor in a live chat with Ric Elias, CEO of our parent company Red Ventures. “The rules of engagement have changed, maybe forever,” he added.
If the former boss of the world’s largest coffeehouse chain says our coffee addiction may be waning, it definitely begs the question: how much money do you save by making your own coffee at home every day. ?
We did the math to find out.
Knowing the number won’t just give you bragging rights. It might also help you to be more intentional about where these savings are going. Now is the right time to build up an emergency fund, for example.
We used a few rules to calculate these numbers. For each type of coffee maker, we took into account the cost of the cheapest model available. In addition, for each type of coffee, we have chosen a standard, non-flavored version. On average, Americans drink about two cups of coffee a day, according to Statista, this is how we calculated the total cost of each method of brewing coffee over the course of a year.
Calculate how much you are saving on coffee and put that money into an emergency fund.
Cost per cup: $ 1.10
Total cost per year: $ 962
Nespresso, a unit of Switzerland-based Nestlé, the world’s largest food company, is one of the most popular coffee makers on the market. Consumer reports ranked it among the best in its 2020 survey.
The individual capsules are available in a variety of flavors and the cost will vary depending on the type of capsule you get. For example, you can buy 1.35 oz espresso pods or 7.8 oz pods for the larger coffees that Americans prefer. Most come in a pouch of 10 pods, ranging from $ 8.50 to $ 20.
A 10-pack of 7.8 oz coffee pods will set you back $ 11 on the Nespresso website. This means that each cup of Nespresso coffee costs you $ 1.10.
Of course, you should always consider the cost of the machine itself. There are a handful of different types at different price points. The cheapest available at the time of this writing is the Verturo Next for $ 159.
This means that over the course of a year, taking into account the cost of the machine plus $ 1.10 per cup twice a day each day, you will spend a total of $ 962.
Cost per cup: $ 0.48
Total cost per year: $ 533.50
Similar to Nespresso, Keurigs – made by US company Keurig Dr. Pepper – are marketed to people who want their daily fix of caffeine but aren’t necessarily coffee lovers. Keurig has pioneered the single capsule coffee trend.
In addition to the coffee “K-cups”, you can also buy hot tea and cocoa capsules. Of course, prices also vary depending on flavor and brand. Starbucks and Dunkin Donuts, for example, sell pods for Keurigs as well as Nespressos.
A count of 24 Folgers Classic Roast K-cups will set you back $ 15.49, which brings the price of each cup of coffee down to just $ 0.65, or about half the price of a Nespresso coffee. It’s also worth noting that you can save 25% by opting for Autoship with a Keurig subscription. That brings the cost of the 24-cup sleeve down to $ 11.62 and each cup down to just about $ 0.48.
There are a wide variety of Keurig machines available, depending on your needs and preferences. For the sake of simplicity, the cheapest version is the Keurig K-Compact coffee maker, which will set you back $ 59.
That means the total cost of a Keurig machine and standard delivery K-cups will set you back around $ 533.50 per year, drinking two cups per day.
Cost per cup: $ 0.22
Total cost per year: $ 160.60
French press coffee machines are a classic, thanks to their excellent quality and relative ease of use.
Prices, however, can vary quite a bit. In an overview of best French presses, prices ranged from about $ 20 to $ 130. Keeping our methodology in mind, we’ll start with the cheapest French press, Bodum Brazil. The 34-ounce machine is currently priced at $ 18.35 on Amazon, and the 12-ounce version is only $ 14.99.
Since you can use any coffee you like best from your French press, there is a lot of variety to consider. You will always want to use quality grains and coarse, even soil, depending on The kitchen.
For example, a 12 oz bag of medium roast coffee by Coffee Bros. is currently $ 13.99 on Amazon and has been rated as one of the best flavors on the market. With 62 cups in a 12-ounce bag, that brings the cost per cup to around $ 0.22. If you drank two cups a day for a year, you would pay $ 160.60.
Regular coffee maker
Cost per cup: $ 0.03
Total cost per year: $ 45.90
If you don’t want the fuss and just want your coffee freshly brewed every morning, a standard coffee maker is probably your best bet.
Of course, there are many different models at a wide range of prices. In this case, we will calculate for a base Mr. Coffee machine, which you can get for just $ 17.98 on Amazon right now.
You will need ground coffee, which comes in a variety of different flavors and prices to suit your preferences. A 30.5 oz can of Folgers Medium Roast Ground Coffee costs $ 8, based on an average of delivery prices to different locations in New York City – and that will give you a huge 240 cups of coffee, according to Folgers. This comes down to only about $ 0.03 per cup.
To last the year, you would probably need to buy at least three cans to have two cups of coffee per day. That brings the grand total, if you own a regular coffee maker and use it to brew two cups a day, to just $ 45.90 for the year. This is by far the biggest deal.
Cost per cup: $ 2.75
Total cost per year: $ 2,007.50
We would be remiss not to include Starbucks on this list. Love him or hate him, you are bound to meet him in your daily life. They have over 30,000 locations around the world, and about half of them are in the United States.
There are also hundreds of different types of coffee combinations at Starbucks. But this is where things get interesting: the price of your Starbucks coffee (regardless of type) varies depending on your location.
For example, the average price of a Starbucks drink in the United States is $ 2.75, but in New York, a large cappuccino will cost you $ 3.25, according to research by The Spruce Eats. (And in Russia, a large latte will cost you $ 12.30.)
Let’s take the US average of $ 2.75 as a benchmark. This means that over the course of a year, you will end up spending $ 2,007.50 on two of those drinks per day.
While you can’t exactly assess the value of a good coffee break, knowing that you are keeping your spending relatively low compared to your daily habit could be a great consolation.