Purchasing Power
So, what is the correlation of millenniums having the financial ability to purchase a home and buying avocado toast? That depends on several factors. For instance, the frequency of the indulgence, the expense and the regions where they reside.
Avocado Toast Example (2015-2018 data): Avocado Toast prices in Los Angeles (highest) and D.C. (lowest)
- Avocado toast (avg.) in L.A. = $8.50
- Equates to $178.50 per month (21 work days) / $2,142.00 per year
- Avocado toast (avg.) in D.C. = $4.00
- Equates to $84 per month (21 work days) / $1,008.00 per year
