Two Florida cities are expected to spend more on the holidays this year than most of the country, according to a new WalletHub analysis that ranked communities by their projected 2025 holiday budgets.<\/p>\n
The personal finance website compared more than 550 U.S. cities using factors such as income, savings and debt levels to estimate how much residents can comfortably spend this holiday season.<\/p>\n
Florida had two towns in the top 100 cities on the list. <\/p>\n
Weston ranked No. 69 in the nation, with an estimated holiday budget of $2,361 \u2014 the highest of any city in the state. Meanwhile, Boca Raton ranked 76th with a budget of $2,261.<\/p>\n
\u201cDepending on the city, an American\u2019s holiday budget this year can range anywhere from just over $200 to more than $4,000, taking into account residents\u2019 income, their existing debt obligations and the cost of living,” said Chip Lupo, a WalletHub analyst.<\/p>\n
Nationwide, California had six cities in the top 10 \u2014 more than any other state \u2014 with estimated holiday budgets topping out at $4,485.<\/p>\n
WalletHub\u2019s researchers say the Golden State\u2019s strongest scores came from communities with high incomes relative to expenses, leaving residents more discretionary money for travel, gifts and celebrations. <\/p>\n
However, the study also noted that high spending averages don\u2019t necessarily reflect individual households, many of which continue to face inflation pressures and rising living costs.<\/p>\n
Here’s a look at top 25 Florida cities that made the list and where each ranked:<\/p>\n
Weston (No. 69) \u2014 $2,361Boca Raton (No. 76) \u2014 $2,261Plantation (No. 107) \u2014 $1,928Miami Beach (No. 141) \u2014 $1,732Fort Lauderdale (No. 142) \u2014 $1,726Tampa (No. 171) \u2014 $1,621Sunrise (No. 177) \u2014 $1,609Brandon (No. 192) \u2014 $1,562Palm Coast (No. 201) \u2014 $1,539Orlando (No. 207) \u2014 $1,505Delray Beach (No. 212) \u2014 $1,498West Palm Beach (No. 236) \u2014 $1,432Jacksonville (No. 243) \u2014 $1,406St. Petersburg (No. 245) \u2014 $1,403Pompano Beach (No. 248) \u2014 $1,391Hollywood (No. 254) \u2014 $1,375Fort Myers (No. 260) \u2014 $1,358Miami (No. 292) \u2014 $1,293Melbourne (No. 295) \u2014 $1,285Clearwater (No. 299) \u2014 $1,273Deerfield Beach (No. 306) \u2014 $1,267Coral Springs (No. 314) \u2014 $1,250Riverview (No. 336) \u2014 $1,207Lauderhill (No. 341) \u2014 $1,136Largo (No. 373) \u2014 $1,129 <\/p>\n
Nationally, the 10 cities with the highest estimated budgets were:<\/p>\n
Palo Alto, CA \u2014 $4,485Mountain View, CA \u2014 $4,266Newton, MA \u2014 $4,069Flower Mound, TX \u2014 $3,941Kirkland, WA \u2014 $3,866Milpitas, CA \u2014 $3,702Sunnyvale, CA \u2014 $3,691Santa Clara, CA \u2014 $3,690Redwood City, CA \u2014 $3,627Bellevue, WA \u2014 $3,603 <\/p>\n