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NEW YORK - NOVEMBER 26: People shop in Macy's department store November 26, 2004 in New York City. The Friday after Thanksgiving, called "Black Friday," is one of the busiest shopping days of the year with stores opening early and a large number of shoppers looking for holiday gifts. (Photo by Mario Tama/Getty Images)

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.

  • #87 Boston

    Expected to spend $1633

    Forecasts are rosy for Boston-area holiday spending - Boston Business Journal

    Are you planning to hit the stores this holiday shopping season? Bay Staters are predicted to spend about 10% more than last year, putting Mass. retailers in a better position than retailers nationwide, but still leaving a slim margin to outpace inflation.

  • #79 Quincy

    Expected to spend $1664

    Shoppers in this Mass. city are expected to spend the most money in America this holiday season

    Shoppers in one Massachusetts city are expected to spend the most money in America this holiday season, according to a new study. To help consumers avoid post-holiday regret, WalletHub says it 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 cities nationwide.

  • #53 Framingham

    Expected to spend $1903

    FY2022 City of Framingham Operating Budget

    FY2022 City of Framingham Operating Budget

     

  • #39 Cambridge

    Expected to spend $2136

    Shop Cambridge this Holiday Season

    This holiday season, the City is partnering with local businesses and business associations to encourage residents and visitors to shop local! Celebrate small businesses and shop in Cambridge on Small Business Saturday (November 26, 2022) and all season long. This year Cambridge Arts will be hosting Holiday Arts Markets at the Harvard University's Smith Campus Center in December.

     

     

  • #35 Somerville

  • #10 Fishers, IN

    Expected to spend $2969

     

  • #9 Ellicott City, MD

    Expected to spend $3122

    Average holiday budget for Baltimoreans ranks low compared to neighboring cities

    With last year's holiday spending having increased 14.1% to a record $886.7 billion, WalletHub released its 2022 Holiday Budgets by City report, Tuesday.To he

  • #8 Santa Clara, CA

    Expected to spend $3224

    2022 Holiday Budgets by City

    Aside from bringing good cheer, the holidays also can invite seasonal stress, a primary source of which is our addiction to spending. Last year, holiday sales grew 14.1% from the previous year and reached a record $886.7 billion. This year, though, holiday shopping may be more stressful than usual due to high inflation putting a strain on many people's finances.

  • #7 Sunnyvale, CA

    Expected to spend $3224

    WalletHub study: 2022 holiday budgets by city - Orange County Breeze

    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, as well as accompanying videos and expert commentary.

  • #6 Mountain View, CA

    Expected to spend $3258

    2022 Holiday Budgets by City + Free Holiday Budget Estimator - WalletHub Study | citybiz

    Atlanta, General Business Baltimore, Boston, Charlotte Raleigh, Chicago, Dallas, Denver, Detroit, Houston, Indianapolis, Los Angeles, New York, Philadelphia, Phoenix, Pittsburgh, Portland, San Diego, San Francisco, Seattle, South Florida, Washington DC 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, as well as accompanying videos and expert commentary.

  • #5 Bellevue, WA

    Expected to spend $3401

    Bellevue residents have the fifth-biggest holiday shopping budget in the nation

    (The Center Square) - With the holidays just around the corner - Black Friday is less than two weeks away - the residents of Bellevue, Washington are expected to budget more money for presents than the residents of any other city in the state.

  • #4 Milpitas, CA

    Expected to spend $3480

    2022 Holiday Budgets by City + Free Holiday Budget Estimator - WalletHub Study | citybiz

    Atlanta, General Business Baltimore, Boston, Charlotte Raleigh, Chicago, Dallas, Denver, Detroit, Houston, Indianapolis, Los Angeles, New York, Philadelphia, Phoenix, Pittsburgh, Portland, San Diego, San Francisco, Seattle, South Florida, Washington DC 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, as well as accompanying videos and expert commentary.

  • #3 Flower Mound, TX

    Expected to spend $3531

    Dallas' average holiday shopping budget in 2022

    DALLAS (KDAF) - Holiday season is here and if you want to buy your loved ones some gifts for this holiday season, now may be the time to do it, as the holiday season may be more stressful this year. One of the things stressing out consumers this holiday season is the price of goods.

     

  • #2 Palo Alto, CA

    Expected to spend $3,920

    WalletHub study: 2022 holiday budgets by city - Orange County Breeze

    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, as well as accompanying videos and expert commentary.

  • #1 Newton, MA

    Expected to spend $4,233

    2022 Holiday Budgets by City

    Aside from bringing good cheer, the holidays also can invite seasonal stress, a primary source of which is our addiction to spending. Last year, holiday sales grew 14.1% from the previous year and reached a record $886.7 billion. This year, though, holiday shopping may be more stressful than usual due to high inflation putting a strain on many people's finances.