About a month ago our neighborhood got a Walmart Neighborhood Market, and the appeal of something closer, smaller, and perceivingly more inviting got me thinking. Is Walmart Neighborhood Market more expensive than regular Walmart?
As we made our first trip through the store on the first weekend it was open it was apparent lots of people in the community were drawn to the new store. A couple of things that stuck out about the new store were, it was half the distance to the regular Walmart. It was about 1/3 the size of a Super Walmart. It had a cozier and more homely feeling. It's location made it easier to get in and out for grabbing a few groceries that are needed to prepare dinner. However, I had a feeling that I was paying for the convenience. Much like you pay more for gas station/convenience stores.
I thought I wasn't the only one wondering this question, and thought…hmm, I could make this into a blog post. Because I'd bet more people think they're paying extra too. So this last week I set out for both stores with a list of 11 items, and visited both on the same day to compare prices. Here is what I found:
- Milk (Land O Lakes Vitamin D): $3.98 (Neighborhood Market) – $3.98 (Walmart)
- Bananas: : $0.51 (Neighborhood Market) – $0.48 (Walmart)
- Beer (Coors Light 6 pack): $6.28 (Neighborhood Market) – $6.28 (Walmart)
- Coffee (Folgers): $8.48 (Neighborhood Market) – $8.48 (Walmart)
- Yogurt (Chobani): $1.00 (Neighborhood Market) – $1.00 (Walmart)
- Cheese (Kraft 24 pack): $2.98 (Neighborhood Market) – $2.98 (Walmart)
- Flour (Great Value 5lb): $1.58 (Neighborhood Market) – $1.68 (Walmart)
- Guacamole (Wholly): $4.88 (Neighborhood Market) – $4.88 (Walmart)
- Hot Dogs (Oscar Mayer Beef Franks): $3.48 (Neighborhood Market) – $3.48 (Walmart)
- Butter (Land O Lakes tub): $3.48 (Neighborhood Market) – $3.48 (Walmart)
- Cereal (Cheerios 14oz): $2.84 (Neighborhood Market) – $2.84 (Walmart)
Overall, I was extremely surprised that the prices were so close to a regular Walmart, and that people weren't paying for the convenience. Funny thing is that this Neighborhood Walmart is just behind a convenience store where their prices are 50% higher on many of their grocery type items.
This was ThreeThriftyGuys.com first attempt at doing a comparison on prices of different stores. We would like to get other readers opinions on what other stores you'd like us to compare prices against to make sure you are getting the best value? Or would you like us to research who has the best balance transfer credit card offers? Or would you like more reviews on money saving devices like Ooma Telo or MagicJack? We are all about saving you money, so e-mail us at firstname.lastname@example.org.