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:
In this file photo: Black Friday shoppers walk past the large Christmas tree on the Greene Town Center in Beavercreek.
Holiday budget: $931
Holiday budget: $576
Holiday budget: $420
Holiday budget: $417
Holiday budget: $402
Holiday budget: $361
Holiday budget: $265
Holiday budget: $216
Holiday budget: $176
Holiday budget: $122