The personal finance website WalletHub conducted an in-depth analysis to determine 2015’s Holiday Budgets by City.
Black Friday sales totaled to approx. $10.4 billion in 2015 — with the online portion of which accounting for a record $4.45 billion — and more than a third of consumers exceeded their budgets for holiday spending, WalletHub analysts used data from a number of sources, including partner TransUnion, to calculate the maximum holiday budgets for the consumers in each of 563 U.S. cities.
The top list features two cities namely Frisco (#3) and Allen (#7) – both within Collin County, Texas.
Cities with the Highest Holiday Budgets:
#1. Palo Alto, CA ($2,886)
#2. Flower Mound, TX ($2,624)
#3. Frisco, TX ($2,444)
#4. Sugar Land, TX ($2,422)
#5. Carmel, IN ($2,258)
#6. Ellicott City, MD ($2,227)
#7. Allen, TX ($2,186)
#8. Pearland, TX ($2,162)
#9. The Woodlands, TX ($2,158)
#10. League City, TX ($2,112)
Interestingly, there are 7 Texas cities featured in the Top Cities list, with 4 of them in Houston metroplex.
Cities with the Lowest Holiday Budgets:
#554. Kissimmee, FL ($209)
#555. Lowell, MA ($193)
#556. New Orleans, LA ($190)
#557. Waco, TX ($142)
#558. Brockton, MA ($122)
#559. Kalamazoo, MI ($104)
#560. New Bedford, MA ($98)
#561. Memphis, TN ($98)
#562. Knoxville, TN ($81)
#563. Albany, GA ($68)
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