People in This Massachusetts City Will Spend The Most Money In America on Holiday Shopping This Year

The holidays are right around the corner. WalletHub did a new study based on holiday budgets by city across the country. According to the study by WalletHub "last year, holiday sales grew 14.1% from the previous year and reached a record $886.7 billion." This year however, it is expected that holiday shopping will be a little more stressful due to inflation. Credit card debt is also higher this year than in year's past which is also putting a strain on people's wallets.

The study from WalletHub calculated the maximum holiday budget of 550 cities nationwide and it was based on key characteristics like income, age and savings-to-monthly expenses ratio. You can see the entire study from WalletHub HERE.

There are 6 Massachusetts cities on the list in the top 100 however ONE city in particular tops the list at #1! Here is a list of the top 10 cities in America expected to spend the most this holiday season according to WalletHub. We will start with the Massachusetts cities that made the top 100 then count from 15 to 1.

Expected to spend $1633

https://www.bizjournals.com/boston/news/2022/11/10/mass-retailers-predict-a-spike-in-holiday-sales-a.html

Expected to spend $1664

https://www.yahoo.com/now/shoppers-mass-city-expected-spend-155833363.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAG1Lt7GTbl5E98BZPdbn6Msy3BmxlsY4qUtBHNFVjGkgl6-Gj2vJonIGh0kwwB4Vp2uDiR99-GPCbxc-gcBCZRI0a-AqNLb-YPRe9L2rY-CWh5eIqmir92Alz_k5JhOZ0tF3Uj2fyipu50mKcyv_xFylPmi0nrFa6wDbWgybS_g0

Expected to spend $1903

https://www.framinghamma.gov/2614/FY2022-City-of-Framingham-Operating-Budg

Expected to spend $2136

https://www.cambridgema.gov/news/detail?path=/sitecore/content/home/cdd/news/2022/11/shopcambridgethisholidayseason

Expected to spend $2179

https://www.eastsomervillemainstreets.org/

Expected to spend $2969

Expected to spend $3122

https://foxbaltimore.com/news/local/average-holiday-budget-for-baltimoreans-ranks-low-compared-to-neighboring-cities#:~:text=Baltimore's%20Average%20Holiday%20Budget%20for,Rockville%3A%20%242%2C574

Expected to spend $3224

https://wallethub.com/edu/holiday-budgets-by-city/16912

Expected to spend $3224

https://www.oc-breeze.com/2022/11/15/221175_wallethub-study-2022-holiday-budgets-by-city/

Expected to spend $3258

https://www.citybiz.co/article/348104/2022-holiday-budgets-by-city-free-holiday-budget-estimator-wallethub-study/

Expected to spend $3401

https://www.ncwlife.com/news/northwest/bellevue-residents-have-the-fifth-biggest-holiday-shopping-budget-in-the-nation/article_a58741fe-9009-5730-86da-0cba8269961e.html

Expected to spend $3480

https://www.citybiz.co/article/348104/2022-holiday-budgets-by-city-free-holiday-budget-estimator-wallethub-study/

Expected to spend $3531

https://cw33.com/news/local/this-is-dallas-average-holiday-shopping-budget-in-2022-report/#:~:text=Savings%2Dto%2DMonthly%20Expenses%20Ratio%3A%203.42&text=In%20Flower%20Mound%2C%20the%20average,the%20full%20report%2C%20visit%20WalletHub.

Expected to spend $3,920

https://www.oc-breeze.com/2022/11/15/221175_wallethub-study-2022-holiday-budgets-by-city/

Expected to spend $4,233

https://wallethub.com/edu/holiday-budgets-by-city/16912