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2018 Holiday Budgets by City + Free Holiday Budget Estimator – WalletHub Study

With the average holiday spending in 2018 expected to reach over $1,000, an increase of 4.1 percent since 2017, the personal-finance website WalletHub today released its 2018 Holiday Budgets by City report as well as accompanying videos, along with its free tool that calculates personalized holiday budgets for all WalletHub members between now and Dec. 25.

To help consumers avoid post-holiday regret, WalletHub used several key metrics, such as income, age and savings-to-monthly expenses ratio, to estimate the maximum spending amounts for consumers in each of 570 U.S. cities.

The following are some highlights from the report:

With the average holiday spending in 2018 expected to reach over $1,000, an increase of 4.1 percent since 2017, the personal-finance website WalletHub today released its 2018 Holiday Budgets by City report as well as accompanying videos, along with its free tool that calculates personalized holiday budgets for all WalletHub members between now and Dec. 25.

To help consumers avoid post-holiday regret, WalletHub used several key metrics, such as income, age and savings-to-monthly expenses ratio, to estimate the maximum spending amounts for consumers in each of 570 U.S. cities.

The following are some highlights from the report:

Cities with the Biggest Holiday Budgets

1 Flower Mound, TX ($2,761)
2 Sunnyvale, CA ($2,575)
3 Naperville, IL ($2,528)
4 Mountain View, CA ($2,524)
5 The Woodlands, TX ($2,444)
6 Bellevue, WA ($2,411)
7 Sugar Land, TX ($2,321)
8 Allen, TX ($2,244)
9 Pearland, TX ($2,238)
10 Maple Grove, MN ($2,156)
11 San Ramon, CA ($2,036)
12 Cary, NC ($2,010)
13 Plano, TX ($2,006)
14 Troy, MI ($1,965)
15 Palo Alto, CA ($1,940)
16 Rochester Hills, MI ($1,919)
17 Pleasanton, CA ($1,913)
18 Newton, MA ($1,888)
19 Rockville, MD ($1,870)
20 Shawnee, KS ($1,842)

Key Stats
Cambridge, Massachusetts, has the lowest debt-to-income ratio, 17.91 percent, which is 4.2 times lower than in Menifee, California, the city with the highest at 76.10 percent.

Fishers, Indiana, has the lowest expenses-to-income ratio, 59.13 percent, which is 1.7 times lower than in New Haven, Connecticut, the city with the highest at 99.43 percent.

Metairie, Louisiana, has the highest savings-to-monthly expenses ratio, 219.41 percent, which is 2.2 times higher than in Glendale, California, the city with the lowest at 98.21 percent.

To view the full report and your city’s rank, please visit:
https://wallethub.com/edu/holiday-budgets-by-city/16912/

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