Charlotte’s Average Holiday Budget Is $744 for 2020

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With 54% of merchants expecting increased holiday spending in 2020 despite the COVID-19 pandemic, the personal-finance website WalletHub today released its 2020 Holiday Budgets by City report.

To help consumers avoid post-holiday regret, the site 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:

Average Consumer Profile of Charlotte:

  • Monthly Income: $5,290
  • Monthly Expenses: $3,876
  • Savings: $5,995
  • Age: 34.2
  • Debt-to-Income: 42.7%
  • Monthly Income-to-Monthly Expenses Ratio: 1.36
  • Savings-to-Monthly Expenses Ratio: 1.55

Charlotte’s Average Holiday Budget for 2020: $744

The Queen City fell just below the midpoint of all cities in America, coming in at 293 out of 570. Palo Alto was ranked #1 with an average holiday budget of $3,056 and Albany, GA was ranked #570 with an average holiday budget of $50.

Holiday Budget by City

Overall Rank* City Holiday Budget
1 Palo Alto, CA $3,056
2 Flower Mound, TX $2,973
3 Naperville, IL $2,867
4 Sunnyvale, CA $2,829
5 Newton, MA $2,768
6 The Woodlands, TX $2,729
7 Sugar Land, TX $2,728
8 San Mateo, CA $2,722
9 Mountain View, CA $2,704
10 Weston, FL $2,698
11 Fremont, CA $2,684
12 Santa Clara, CA $2,673
13 Milpitas, CA $2,610
14 Centreville, VA $2,502
15 League City, TX $2,501
16 Bellevue, WA $2,488
17 Mount Pleasant, SC $2,452
18 Ellicott City, MD $2,430
19 Cambridge, MA $2,414
20 Carmel, IN $2,408
21 Fishers, IN $2,360
22 Union City, CA $2,327
23 Pearland, TX $2,319
24 Troy, MI $2,309
25 Maple Grove, MN $2,304
26 Plymouth, MN $2,285
27 San Ramon, CA $2,267
28 Walnut Creek, CA $2,261
29 Roswell, GA $2,249
30 Lee’s Summit, MO $2,233
31 Cary, NC $2,207
32 Arlington Heights, IL $2,129
33 Rochester Hills, MI $2,127
34 Broomfield, CO $2,117
35 Hoover, AL $2,091
36 Richardson, TX $2,002
37 Olathe, KS $1,987
38 Redwood City, CA $1,964
39 O’Fallon, MO $1,957
40 Gaithersburg, MD $1,957
41 Columbia, MD $1,942
42 Overland Park, KS $1,928
43 Daly City, CA $1,905
44 Germantown, MD $1,872
45 Pleasanton, CA $1,869
46 Arlington, VA $1,848
47 Schaumburg, IL $1,837
48 San Francisco, CA $1,786
49 Brentwood, NY $1,722
50 Livonia, MI $1,722
51 Stamford, CT $1,714
52 Eagan, MN $1,692
53 Frisco, TX $1,684
54 Livermore, CA $1,682
55 Highlands Ranch, CO $1,654
56 Irvine, CA $1,634
57 Bolingbrook, IL $1,610
58 Somerville, MA $1,603
59 Plano, TX $1,594
60 Boca Raton, FL $1,582
61 Alameda, CA $1,579
62 Alexandria, VA $1,575
63 Woodbury, MN $1,558
64 Seattle, WA $1,548
65 St. Charles, MO $1,545
66 Kirkland, WA $1,524
67 South Jordan, UT $1,496
68 Norwalk, CT $1,494
69 Franklin, TN $1,493
70 Odessa, TX $1,493
71 Carrollton, TX $1,492
72 Farmington Hills, MI $1,487
73 Cedar Park, TX $1,472
74 Rockville, MD $1,467
75 Shawnee, KS $1,462
76 Palatine, IL $1,447
77 South San Francisco, CA $1,446
78 Mission Viejo, CA $1,443
79 Torrance, CA $1,438
80 Yorba Linda, CA $1,437
81 Folsom, CA $1,433
82 Laguna Niguel, CA $1,408
83 Clifton, NJ $1,405
84 Lake Forest, CA $1,405
85 San Leandro, CA $1,371
86 Centennial, CO $1,367
87 Evanston, IL $1,361
88 Charleston, SC $1,357
89 Berkeley, CA $1,355
90 Jersey City, NJ $1,348
91 Toms River, NJ $1,344
92 Gilbert, AZ $1,326
93 Santa Monica, CA $1,317
94 Warwick, RI $1,311
95 North Richland Hills, TX $1,303
96 Silver Spring, MD $1,283
97 Cranston, RI $1,277
98 Missouri City, TX $1,264
99 Austin, TX $1,259
100 Glen Burnie, MD $1,257
101 Midland, TX $1,254
102 Danbury, CT $1,254
103 Edmond, OK $1,250
104 Quincy, MA $1,247
105 Waukesha, WI $1,246
106 Sandy, UT $1,245
107 Joliet, IL $1,244
108 Nashua, NH $1,241
109 Ann Arbor, MI $1,241
110 Framingham, MA $1,238
111 Huntington Beach, CA $1,227
112 Murrieta, CA $1,221
113 Delray Beach, FL $1,211
114 Boston, MA $1,210
115 Fort Lauderdale, FL $1,199
116 New Braunfels, TX $1,198
117 Boynton Beach, FL $1,190
118 Bloomington, IL $1,189
119 San Clemente, CA $1,187
120 Newport Beach, CA $1,184
121 Sterling Heights, MI $1,176
122 Rochester, MN $1,169
123 Allen, TX $1,164
124 West Jordan, UT $1,160
125 Bloomington, MN $1,152
126 Durham, NC $1,149
127 Carlsbad, CA $1,142
128 Irving, TX $1,142
129 Yonkers, NY $1,141
130 St. Petersburg, FL $1,129
131 Lewisville, TX $1,124
132 Madison, WI $1,115
133 Denton, TX $1,111
134 Metairie, LA $1,094
135 Bethlehem, PA $1,090
136 San Jose, CA $1,088
137 Alhambra, CA $1,083
138 Portland, ME $1,079
139 Henderson, NV $1,077
140 Garland, TX $1,071
141 Beaverton, OR $1,068
142 Goodyear, AZ $1,067
143 Arvada, CO $1,063
144 Kenner, LA $1,058
145 Appleton, WI $1,056
146 Scottsdale, AZ $1,055
147 Arlington, TX $1,054
148 Eau Claire, WI $1,051
149 Orlando, FL $1,048
150 Brooklyn Park, MN $1,047
151 Lincoln, NE $1,047
152 Thousand Oaks, CA $1,046
153 Chandler, AZ $1,045
154 Mesquite, TX $1,035
155 Parma, OH $1,035
156 Wyoming, MI $1,027
157 Chicago, IL $1,021
158 Tempe, AZ $1,019
159 Davenport, IA $1,016
160 Columbus, OH $1,009
161 Cedar Rapids, IA $1,008
162 Rio Rancho, NM $1,005
163 McKinney, TX $1,001
164 Round Rock, TX $1,000
165 Manchester, NH $994
166 Oklahoma City, OK $994
167 Fargo, ND $985
168 Pittsburgh, PA $984
169 Wichita, KS $984
170 Huntsville, AL $980
171 Minneapolis, MN $980
172 Peoria, AZ $971
173 Oshkosh, WI $970
174 Chino Hills, CA $965
175 Concord, CA $964
176 Des Moines, IA $963
177 Roseville, CA $961
178 San Angelo, TX $960
179 Surprise, AZ $959
180 Coral Springs, FL $958
181 Sioux City, IA $956
182 Bayonne, NJ $954
183 Sunrise, FL $952
184 San Tan Valley, AZ $950
185 Victoria, TX $949
186 Lowell, MA $948
187 Beaumont, TX $946
188 Pompano Beach, FL $943
189 Simi Valley, CA $939
190 Independence, MO $939
191 Redondo Beach, CA $938
192 Lakewood, CA $937
193 Springfield, IL $936
194 Santa Clarita, CA $934
195 Waterloo, IA $929
196 Westland, MI $923
197 Waukegan, IL $922
198 Abilene, TX $922
199 Tracy, CA $921
200 Clearwater, FL $921
201 Pasadena, TX $920
202 Dearborn, MI $919
203 Miramar, FL $912
204 Citrus Heights, CA $912
205 Topeka, KS $910
206 Warren, MI $910
207 Cheektowaga, NY $910
208 Temecula, CA $908
209 Peoria, IL $906
210 Waldorf, MD $904
211 Hayward, CA $903
212 Elk Grove, CA $901
213 Pawtucket, RI $894
214 Riverview, FL $894
215 Ames, IO $890
216 Hammond, IN $881
217 Skokie, IL $879
218 Lynchburg, VA $876
219 Concord, NC $874
220 Orange, CA $873
221 Rancho Cucamonga, CA $873
222 Plantation, FL $872
223 Vacaville, CA $870
224 Clovis, CA $870
225 Davie, FL $868
226 Broken Arrow, OK $865
227 Hillsboro, OR $863
228 Worcester, MA $861
229 New Rochelle, NY $858
230 Fullerton, CA $858
231 Meridian, ID $857
232 Napa, CA $856
233 Tustin, CA $855
234 Deerfield Beach, FL $854
235 Duluth, MN $852
236 Cicero, IL $851
237 Anchorage, AK $850
238 Aurora, IL $849
239 Southfield, MI $849
240 Fairfield, CA $845
241 Union City, NJ $844
242 Albany, NY $843
243 Wichita Falls, TX $842
244 Camarillo, CA $841
245 Murfreesboro, TN $829
246 Port St. Lucie, FL $826
247 Pasadena, CA $826
248 Cape Coral, FL $825
249 Suffolk, VA $822
250 Pembroke Pines, FL $819
251 Elgin, IL $818
252 St. Cloud, MN $816
253 Frederick, MD $816
254 Washington, DC $815
255 Providence, RI $813
256 New York, NY $811
257 Conroe, TX $810
258 Raleigh, NC $808
259 New Britain, CT $806
260 Bismarck, ND $802
261 Corona, CA $802
262 Buena Park, CA $799
263 Marysville, WA $797
264 Carson, CA $796
265 Virginia Beach, VA $796
266 Chino, CA $794
267 Rockford, IL $794
268 Layton, UT $792
269 Chula Vista, CA $791
270 Costa Mesa, CA $791
271 Longmont, CO $788
272 Pittsburg, CA $787
273 Chesapeake, VA $786
274 West Valley City, UT $784
275 Kansas City, KS $784
276 Kent, WA $782
277 Renton, WA $777
278 Lakewood, CO $775
279 Nashville, TN $770
280 San Diego, CA $769
281 Sparks, NV $765
282 Manteca, CA $764
283 San Buenaventura (Ventura), CA $764
284 Sioux Falls, SD $764
285 Thornton, CO $763
286 West Covina, CA $762
287 Westminster, CO $759
288 Upland, CA $754
289 Fontana, CA $754
290 Buffalo, NY $754
291 Norwalk, CA $751
292 Honolulu, HI $747
293 Charlotte, NC $744
294 Oxnard, CA $743
295 Brandon, FL $743
296 Menifee, CA $733
297 Grand Prairie, TX $733
298 Palm Coast, FL $729
299 Scranton, PA $729
300 Boise City, ID $725
301 Orem, UT $723
302 Vista, CA $723
303 Portland, OR $720
304 Omaha, NE $719
305 Akron, OH $719
306 Fort Worth, TX $718
307 Passaic, NJ $718
308 Oakland, CA $714
309 Santa Rosa, CA $713
310 Boulder, CO $712
311 Avondale, AZ $710
312 New Bedford, MA $706
313 Ontario, CA $705
314 Decatur, IL $703
315 Oceanside, CA $702
316 Syracuse, NY $701
317 Deltona, FL $700
318 Indio, CA $699
319 San Marcos, CA $699
320 Auburn, WA $699
321 Lexington-Fayette, KY $697
322 Lawrence, KS $692
323 Lansing, MI $689
324 Baytown, TX $687
325 Jacksonville, FL $686
326 Bend, OR $686
327 Denver, CO $684
328 Billings, MT $684
329 Tampa, FL $683
330 Spring Hill, FL $681
331 Reno, NV $681
332 Perris, CA $680
333 Columbia, MO $678
334 Rancho Cordova, CA $677
335 Whittier, CA $676
336 Riverside, CA $672
337 Santa Maria, CA $672
338 Palmdale, CA $671
339 Norman, OK $669
340 Redlands, CA $669
341 Loveland, CO $668
342 Palm Bay, FL $668
343 Anaheim, CA $668
344 Downey, CA $666
345 Atlanta, GA $664
346 Elizabeth, NJ $663
347 Little Rock, AR $660
348 North Las Vegas, NV $660
349 Kansas City, MO $659
350 Colorado Springs, CO $659
351 East Orange, NJ $658
352 Santa Ana, CA $656
353 Louisville, KY $656
354 Rialto, CA $653
355 Fort Collins, CO $650
356 Tacoma, WA $648
357 Rapid City, SD $647
358 Nampa, ID $644
359 Fort Myers, FL $644
360 Antioch, CA $643
361 Santa Barbara, CA $641
362 Vancouver, WA $641
363 Garden Grove, CA $640
364 Laredo, TX $639
365 Paterson, NJ $639
366 St. George, UT $638
367 Clarksville, TN $636
368 Hollywood, FL $635
369 Aurora, CO $634
370 Lafayette, LA $634
371 Salt Lake City, UT $634
372 Richmond, CA $634
373 Sacramento, CA $633
374 Vallejo, CA $631
375 Baldwin Park, CA $628
376 Salinas, CA $627
377 Kenosha, WI $626
378 Mission, TX $624
379 Mesa, AZ $622
380 Temple, TX $622
381 Carmichael, CA $621
382 Kennewick, WA $617
383 Montgomery, AL $617
384 Longview, TX $615
385 Ogden, UT $615
386 Corpus Christi, TX $613
387 Lawrence, MA $613
388 Fort Wayne, IN $608
389 Moreno Valley, CA $608
390 Pomona, CA $607
391 Indianapolis, IN $607
392 Santa Fe, NM $601
393 Burbank, CA $600
394 San Antonio, TX $600
395 Lakeland, FL $600
396 Melbourne, FL $598
397 Redding, CA $598
398 Federal Way, WA $597
399 Dallas, TX $596
400 Pasco, WA $596
401 St. Paul, MN $595
402 Bellflower, CA $595
403 Grand Rapids, MI $593
404 Tulsa, OK $593
405 North Charleston, SC $591
406 Springdale, AR $590
407 Bossier City, LA $590
408 Largo, FL $589
409 Long Beach, CA $587
410 Phoenix, AZ $585
411 Las Vegas, NV $584
412 West Palm Beach, FL $584
413 Philadelphia, PA $584
414 Tyler, TX $581
415 Everett, WA $581
416 Yuba City, CA $580
417 Salem, OR $580
418 Asheville, NC $580
419 Bridgeport, CT $579
420 Milwaukee, WI $578
421 Bakersfield, CA $577
422 Chattanooga, TN $577
423 Glendale, CA $576
424 Baton Rouge, LA $574
425 Dothan, AL $573
426 Lubbock, TX $572
427 Modesto, CA $572
428 Lawton, OK $570
429 Rock Hill, SC $570
430 Mobile, AL $569
431 New Orleans, LA $568
432 Detroit, MI $567
433 Brockton, MA $566
434 Homestead, FL $566
435 Greeley, CO $566
436 Houston, TX $565
437 Iowa City, IA $563
438 Shreveport, LA $563
439 Albuquerque, NM $562
440 Lynn, MA $561
441 Victorville, CA $560
442 Greensboro, NC $560
443 Missoula, MT $558
444 Fayetteville, AR $558
445 Jackson, TN $558
446 Visalia, CA $554
447 Hampton, VA $553
448 Chico, CA $552
449 Los Angeles, CA $552
450 El Cajon, CA $550
451 St. Louis, MO $549
452 Waterbury, CT $549
453 Green Bay, WI $548
454 Miami Beach, FL $547
455 Flagstaff, AZ $547
456 Stockton, CA $546
457 Amarillo, TX $546
458 High Point, NC $546
459 Spokane Valley, WA $544
460 Glendale, AZ $544
461 Lehigh Acres, FL $542
462 Bellingham, WA $542
463 Gastonia, NC $540
464 Compton, CA $540
465 Bryan, TX $536
466 Flint, MI $536
467 Greenville, NC $535
468 Warner Robins, GA $534
469 Tallahassee, FL $534
470 Jonesboro, AR $532
471 Fort Smith, AR $532
472 El Paso, TX $531
473 Lafayette, IN $531
474 St. Joseph, MO $529
475 Newark, NJ $527
476 Champaign, IL $525
477 Turlock, CA $523
478 College Station, TX $519
479 Provo, UT $519
480 Memphis, TN $517
481 Wilmington, NC $517
482 Cleveland, OH $514
483 McAllen, TX $512
484 Killeen, TX $512
485 North Little Rock, AR $510
486 Cincinnati, OH $509
487 Columbia, SC $509
488 Evansville, IN $508
489 Inglewood, CA $507
490 Escondido, CA $507
491 Davis, CA $505
492 Medford, OR $505
493 Lancaster, CA $501
494 Hartford, CT $501
495 Newport News, VA $498
496 Jacksonville, NC $497
497 South Bend, IN $497
498 Edinburg, TX $495
499 Winston-Salem, NC $493
500 Hawthorne, CA $493
501 Tuscaloosa, AL $492
502 Johnson City, TN $491
503 Jackson, MS $491
504 Spokane, WA $489
505 Norfolk, VA $488
506 Knoxville, TN $484
507 Gary, IN $482
508 Westminster, CA $482
509 Columbus, GA $481
510 Portsmouth, VA $481
511 Reading, PA $480
512 Lake Charles, LA $480
513 Fall River, MA $480
514 Gresham, OR $479
515 Richmond, VA $478
516 Fayetteville, NC $476
517 Racine, WI $476
518 Fresno, CA $474
519 Lauderhill, FL $474
520 Schenectady, NY $467
521 Apple Valley, CA $467
522 Allentown, PA $466
523 Bloomington, IN $463
524 Hesperia, CA $460
525 Miami Gardens, FL $459
526 Brownsville, TX $457
527 South Gate, CA $457
528 Gulfport, MS $454
529 Savannah, GA $453
530 Kissimmee, FL $451
531 Eugene, OR $450
532 Augusta, GA $450
533 Lynwood, CA $448
534 Merced, CA $446
535 Wilmington, DE $445
536 Camden, NJ $445
537 Waco, TX $443
538 Gainesville, FL $443
539 Rochester, NY $442
540 Muncie, IN $440
541 Roanoke, VA $440
542 Las Cruces, NM $439
543 Yuma, AZ $439
544 Kalamazoo, MI $439
545 Hialeah, FL $439
546 Birmingham, AL $437
547 El Monte, CA $437
548 San Bernardino, CA $435
549 Baltimore, MD $432
550 Macon-Bibb County, GA $418
551 Yakima, WA $410
552 Erie, PA $409
553 Tucson, AZ $407
554 Springfield, MA $406
555 Toledo, OH $404
556 Springfield, MO $404
557 Pharr, TX $396
558 Lorain, OH $391
559 Pueblo, CO $385
560 Harlingen, TX $385
561 Athens, GA $375
562 Dayton, OH $369
563 New Haven, CT $361
564 Hemet, CA $353
565 Canton, OH $348
566 Youngstown, OH $317
567 Miami, FL $315
568 Trenton, NJ $278
569 Mount Vernon, NY $241
570 Albany, GA $50

 

For the full report, you can visit:
https://wallethub.com/edu/holiday-budgets-by-city/16912/

What’s your holiday budget this year? 

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