Why do we have kitchens? The cost of a kitchen in HCOL areas vs. meal delivery subscription.
Why do we have kitchens?
Is it really cheaper to cook then order out for life?
I have a home in San Francisco. It was appraised at $1,102 per square foot. The kitchen is around 120 square feet of that. That means my kitchen costs me $132,240 to purchase in raw square footage. Add in around $18,000 in appliances and we are looking at $150,000 for a kitchen. That doesn’t include the ingredients to cook!
Now let’s take a meal delivery service. Meal delivery in SF comes in a range of $5-$10 per meal. I think $7 per meal is pretty often findable, but I’m a pain in the ass and eat Vegan-ish, so I’m going to base my analysis on Thistle, plant based meals. I’m lazy, so lets use these guys’ budget for Thistle:
5-Day Thistle delivery, 3 meals, 2 juices and 1 snack for each day. was $275 for the week.
Yearly cost for Thistle $275 x 52 = $14,300
Now that we have our magic number.
How much does it cost to eat meal delivery 365 days per year = $14,300.
How many years of high end meal delivery does it cost to equal a kitchen?
$150,000 / $14,300 = 10.5 years!
It takes 10.5 years of meal delivery to pay for a 120 square foot kitchen.
Imagine if you are someone that can’t imagine living with a 10 year old kitchen and does a remodel every 10-15 years?
My grocery bill eating organic high quality food that I cook 30 days out of 30 per month is around $150 per week also known as $7,800 per year. About half the price of Thistle; I cook similar items as Thistle.
Over 10 years that’s $78,000 per year in groceries that we need to add to the price of our kitchen
$150,000 + $78,000 = 228,000.
Suddenly the payoff for meal delivery versus home cooked has increased to 16 years. $228,000 / $14,300. Well that means I need to add another 6 years of groceries into this budget, $46,800. Well now that’s a 20 year payoff for the kitchen and groceries to give me the honor of interrupting my day and thrashing mentally versus, succumbing to meal delivery service until the day I move to a place where kitchens don’t cost more than meal delivery service.
Why do we have kitchens?