Charlotte’s Average Holiday Budget Is $968 for 2022


With last year’s holiday spending having increased 14.1% to a record $886.7 billion, the personal-finance website WalletHub today released its 2022 Holiday Budgets by City report.

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 over 550 U.S. cities.

The following are some highlights from the report:

Average Consumer Profile of Charlotte:

  • Monthly Income: $5,906
  • Monthly Expenses: $4,141
  • Savings: $15,137
  • Age: 34.8
  • Monthly Income-to-Monthly Expenses Ratio: 1.43
  • Savings-to-Monthly Expenses Ratio: 3.66

Charlotte’s Average Holiday Budget for 2022: $968

You can read the full report here.