Average Price Of A Gallon Of Milk In 2024 In Usa. Us dairy producers may be in for favorable margins through the rest of 2024 thanks to strong milk prices and lower feed costs, according to ever.ag analysts. Bureau of labor statistics, prices for fresh whole milk are 514.27% higher in 2024 versus 1960 (a $102.85 difference in value).

Paying $4.50 for a gallon of milk impacts you differently if you make $30k per year or $100k per year. To understand which states have the most affordable milk, we analyzed the cost index, average household income and grocery cost index for each state.