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Charted: U.S. Egg Prices More Than Double in 2022

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This chart shows the increase in the national average price of a dozen Grade A eggs in the U.S. in 2022

Charted: U.S. Egg Prices Double in 2022

Eggs are a staple food for many countries around the world, and the U.S. is no exception. Americans eat between 250‒280 eggs a year on average.

Eggs are also easy to cook, protein-dense and supply many daily vitamins needed for healthy living, making them a popular meal or ingredient. So when egg prices rise, people notice.

Vizalytiq charted the rapid rise of egg prices in the U.S. during 2022, using data from the U.S. Bureau of Labor and Statistics (BLS).

Eggs-asperating Prices

Over the course of 12 months, the national average price for a dozen large Grade A eggs more than doubled, to $4.25 in December from $1.93 in January.

Egg Prices Per Month (2022)Price per dozen
January$1.30
February$2.10
March$2.50
April$2.52
May$2.86
June$2.71
July$2.94
August$3.12
September$2.90
October$3.42
November$3.59
December$4.25

The biggest culprit has been an avian flu outbreak that resulted in 43 million chickens culled to prevent the spread of the disease.

This led to a severe shortfall in egg supply. Egg inventories in December had fallen by one-third compared to January. Combined with increasing demand during the holiday season, prices skyrocketed and empty shelves became apparent in some states.

This is not the first time avian flu has disrupted the industry.. In 2015, a similar outbreak pushed egg prices up 40% in nine months, reaching a high of $2.97 per dozen eggs in September 2015.

Will Egg Prices Drop in 2023?

Avian flu isn’t the only storm the egg industry has been facing in 2022.

The prices of soybean and corn—the main components of bird feed—account for half of the cost of eggs. They’ve been heavily affected by the war in Ukraine, which has driven grain prices higher.

In the near-term, egg prices are expected to remain high. Containing the avian flu outbreak will remain the biggest factor in determining the prices, but as suppliers increase production, prices may cool off a little in 2023.

Eggs and dairy make up nearly 10% of the average person’s daily calorie intake. Check out the rest of our dietary make-up in Visualizing a Rapidly Changing Global Diet.
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This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

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Ranked: The 20 Best Franchises to Open in the U.S.

Considering factors like the cost of investment and number of locations, this graphic breaks down the best franchises in the U.S.

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best franchises in the U.S.

Ranked: The 20 Best Franchises in the U.S.

The U.S. is famous for chain restaurants, franchised shops, and brand name hotels. One thing these franchises aim for is consistency in store feel, customer service, product offerings, and prices, no matter which state you’re in.

This visualization uses Entrepreneur’s annual Franchise 500 Ranking to showcase the best franchises in the U.S. worth owning, from Dunkin’ Donuts to Snap-on Tools.

The Best and How They Were Selected

The report assessed five broad categories to score the country’s famous chains:

  • Costs & fees: including franchise fee, total investment needed to open one store, and royalty fees
  • Support: including training times, marketing support, operational support, franchisor infrastructure, financing infrastructure, and litigation
  • Size & growth: including open & operating units, growth rate, and closures
  • Brand strength: including social media, system size, years in business, years franchising
  • Financial strength & stability: including franchisor’s audited financial statements

A franchise was only considered if it was actively seeking new franchisees and must have already had at least 10 units operating.

Here’s a closer look at the top 20:

RankFranchiseInitial Investment NeededGlobal Units 2022
#1Taco Bell$576K - $3.4M7,900
#2Popeyes Louisiana Kitchen$384K - $3.5M3,851
#3Jersey Mike's Subs$194K - $955K2,402
#4The UPS Store$122K - $508K5,464
#5Dunkin'$438K - $1.8M12,957
#6Kumon$67K - $146K26,527
#7Ace Hardware$292K - $2.1M5,746
#8Culver's$2.3M - $5.8M871
#9Hampton by Hilton$12.3M - $22.8M2,824
#10Wingstop$315K - $948K1,873
#11Tropical Smoothie Cafe$277K - $584K1,142
#12Arby's$629K - $2.3M3,561
#13KFC$1.4M - $3.2M26,498
#14McDonald's$1.4M - $2.5M39,696
#15Wendy's$330K - $3.7M7,049
#16Servpro$217K - $271K2,050
#17Smoothie King$264K - $1.2M1,373
#187-Eleven$125K - $1.3M81,887
#19Budget Blinds$141K - $212K1,378
#20Snap-on Tools$201K - $465K4,771

The number one franchise, Taco Bell, has been in business since 1964 and has 7,900 locations as of 2022, spanning beyond the U.S. to Canada, Australia, Europe, and other regions of the world. The average cost of investment to be a franchisee is between $576,000 to $3.4 million.

While most of the top 20 are in the food service industry, there is also one hotel, one shipping company, and a few hardware and home goods stores that make the list.

Ace Hardware (#7), for example, which specializes in home improvement goods, is actually an international franchise with close to 6,000 units. Kumon (#6) is an education center and is the only non-U.S. franchise on the list.

The Feasibility of Being a Franchisee

To get a better sense of the costs needed to start a franchise, let’s take a look at one of the most famous convenience stores in the world. Here’s a sample of the different fees involved in 7-Eleven’s initial franchisee process:

Initial Franchise Fee$0 - $1,000,000
Initial Investment$125,250 - $1,333,500
Cash Requirement$50,000 - $250,000
Veteran Incentives10-20% off franchise fee, up to $50,000; preferred interest rates and special financing
Royalty FeeVaries
Ad Royalty Fee1%
Term of Agreement15 years
Is franchise term renewable?Yes

In terms of low-cost franchises, 7-Eleven is among one of the cheapest to open, according to Entrepreneur, sometimes costing less than $150K. Other franchises with lower cost barriers of entry include UPS ($122K – $508K) and Cinnabon ($112K – $547K).

There is more to consider than cost, of course, and some franchises provide better support than others in aspects such as financing, industry training, or legal support. Popeye’s, for instance, provides in-house financing for their franchise fee, as well as connections with third-party sources to help cover equipment, inventory, payroll, and other expenses.

Looking at feasibility in regards to opportunities, some of the fastest-growing franchises include chains like Jersey Mike’s Subs and Wingstop. Here’s a closer look at the Franchise 500’s fastest growing list:

  • #1 Stratus Building Solutions
  • #2 Jersey Mike’s Subs
  • #3 Goosehead Insurance
  • #4 Signal
  • #5 Wingstop

In total there are almost 800,000 franchises in the U.S. The franchise market in the country has an economic output of over $825 billion and employs over 8.4 million people. With many of these franchises continuing to grow and seek new franchisees, there is ample opportunity in the market.

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