Every time I wake up, I look forward to my morning coffee. I am in control of what to add into my coffee and the amounts, based on my unique coffee preferences. But I never did consider just how much it costs for each cup of coffee that I’m brewing at home. I just tended to base it primarily on the price of the coffee beans or grounds, which of course is the main cost contributor when making coffee. When I looked more closely this is what I found.
My Total Cost: 51 cents per 8oz cup of coffee (35 cents for Coffee) + (3 cents for Filter) + (2 cents for Water and Electricity) + (11 cents for Coffeemaker ).
K-cup only: 45 – 65 cents each
Buying Coffee: $1.99 at Starbucks for black coffee.
A cup of coffee is mostly defined as 4 ounces, probably from the time when people drank their coffee in a cup and saucer. Then coffee mugs came to the coffee party later on. I have decided that I’m going to use an 8oz cup size since I always like my coffee served fresh and hot. An 8oz cup of coffee is the right size for me each time I drink coffee.
How many cups of coffee can be made with a pound of coffee?
According to the Specialty Coffee Association of America, a single pound of coffee is enough for 48 6-oz cups of coffee. So in my case, I can make approximately 36 8-oz cups of brewed coffee for a pound of coffee (ground or beans).
On Starbuck’s website, a 1-lb of coffee yields approximately 64 5-oz cups. That’s around 40 8-oz cups of coffee.
It seems the number of cups of brewed coffee we can get from a pound of coffee varies. It depends on how we want our coffee to be, weak or strong. Also, consider the recommended amount of coffee set by the manufacturer of the coffee.
How much does a pound of coffee cost?
Folgers Classic Ground Coffee (30.5oz / 1 lb) priced at $8.95 [best selling ground coffee brand]
Starbucks Caffé Verona (1 lb) priced at $12.95 [one of my favorite coffee]
How much per (8oz) cup of coffee costs?
For $12.95 I can make around 36 8-oz cups of coffee = $0.35 per cup
Pod coffee cost per cup?
Premium brands of K-cups such as Green Mountain, Donut House, Gloria Jeans, Starbucks and many more – are fairly expensive. Although, lower cost K-cup brands are now easier to buy at the store or online.
Buying K-cups online, in Amazon or Ebay, can get you big discounts. The cost per coffee pod is about 45-65 cents. A coffee pod can brew 4-10 ounces of coffee.
What other costs should be included, aside from the price of the beans?
Paper Filter – 3 cents (Melitta Cone Coffee Filters, 600 filters for $19.74 in Amazon)
Coffee Maker – 2 cents for a $30 coffee maker that will last 3 years, and 11 cents for a $200 coffeemaker that will last for 5 years. So an expensive coffeemaker will significantly contribute to the cost per cup of coffee.
Electricity – let’s just estimate this at 1 cent per cup ($18 is the average annual cost of a 10 to 12 Cup Drip Coffeemaker in the US)
Water – let’s also estimate this at 1 cent per cup
Travel Mug – consider the cost when using a travel mug since we also pay for the cups when buying coffee. But I don’t use travel mugs and it won’t significantly add to the cost, so I will leave mine as n/a.
So the total cost (aside from the beans:$0.35 per cup) is 7 cents [$30 coffeemaker] to 16 cents [$200 coffeemaker] per cup of coffee.
Further reading: drpennypincher.hubpages.com
If the majority of our coffees are brewed at home, it’s no surprise that we will save money. Especially the savings we can get if we make our own coffee with cream and sugar, over buying espresso based drinks which usually cost $2.45, or even more. just minimizing (can’t eliminate) going to the coffee shops is a good start to save money. Plus, by performing the same analysis with the dining out habits, buying drinks at the bar and other choices we make each day, these little changes will have a significant impact on our finances and help in paying down some debt, saving money for vacations and other desirable uses.
So my curiosity for knowing how much a cup of coffee costs became a valuable lesson on how to save money in the long run. If you’re still searching for a coffeemaker, choose a high performing coffeemaker because it’s really worth having in the long run, regardless of its price.