A recent analysis by Coffeeness reveals that the affordability of Starbucks coffee depends on local wages, with Arkansas topping the list for requiring the most work minutes (10.39) to buy a cup. The study uses state hourly wages compared to coffee prices, highlighting that coffee prices have increased by 39% over the last decade, exceeding the national inflation rate of 31%. Other states like Mississippi and New Mexico are close behind, indicating a widespread concern about coffee affordability nationwide, especially as prices continue to rise due to several economic factors.
While it doesn't have the lowest average hourly wage, folks still have to put in more minutes than anyone else to afford it.
Over the past ten years, Starbucks prices have soared a ludicrous 39%, outpacing even the national inflation rate of 31%.
Arkansas placed first when it came to the least beans for your buck, requiring 10.39 minutes of work to afford a coffee.
The average price of a Starbucks coffee in the Land Of Opportunity clocks in at $5.24 per cup.
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