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Holiday budgets in Ohio for 2016


Trying to create the perfect Christmas can be stressful and according to the National Retail Federation the personal holiday spending level is predicted to reach $935.58 as opposed to 2015’s $805.65.

WalletHub examined 570 U.S. states using 5 key metrics to estimate and show the maximum holiday budgets to present a better sense of the consumers spending range relative to where they live.

The five key metrics include income, age, debt-to-income ratio, monthly income-to-monthly expenses ratio and saving-to-monthly expenses ration.

According to WalletHub’s projections, we’re on track to finish 2016 with more than $80 billion in additional credit-card debt.

The top three cities on the list are Palo Alto, CA with a holiday budget of $2,821, League City, TX with $2,362 and Sugar Land, TX with $2,334.

Here are the 10 Ohio cities that made the list:

Christmas shoppingIn this file photo: Black Friday shoppers walk past the large Christmas tree on the Greene Town Center in Beavercreek.

104. Parma

Holiday budget: $931

323. Columbus

Holiday budget: $576

500. Lorain

Holiday budget: $420

502. Toledo

Holiday budget: $417

509. Akron

Holiday budget: $402

526. Canton

Holiday budget: $361

551. Cleveland

Holiday budget: $265

557. Youngstown

Holiday budget: $216

560. Dayton

Holiday budget: $176

565. Cincinnati

Holiday budget: $122


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