Residents living in Austin’s well-to-do suburbs Cedar Park and Round Rock aren’t stressing about stretching their holiday spending this year, according to a new report from WalletHub. <\/p>\n
Cedar Park gift givers are expected to spend a whopping $3,028 on their festive presents, says WalletHub’s 2025 “Holiday Budgets by City<\/a>” report. Cedar Park ranked No. 31 in the report’s list of U.S. cities with the largest holiday budgets.<\/p>\n To determine the U.S. cities with the biggest holiday budgets, WalletHub’s experts compared 558 cities across five categories: Income, age, a debt-to-income ratio, residents’ monthly income-to-monthly expenses ratio, and their savings-to-monthly expenses ratio.<\/p>\n According to the study’s methodology, a consumer is considered to be in a “comfortable financial position to engage in holiday spending if they have: 1) enough emergency savings to cover at least six months of expenses and 2) a debt-to-income ratio smaller than 22 percent for a renter or 43 percent for a homeowner.”<\/p>\n Cedar Park’s current holiday budget is just $98 higher<\/a> than it was in 2024, and it’s also much higher than the $2,354 projected budget<\/a> from the 2023 report.<\/p>\n Residents living in Cedar Park’s festive neighbor Round Rock are expected to spend $2,641 on their holiday gifts this year, or $103 more than last year. According to WalletHub’s ranking, this North Austin suburb has the 47th largest holiday budget nationwide in 2025.<\/p>\n Compared to its wealthy neighbors, Austin residents are expected to rein in their spending when compared to last year, the report revealed. Austin proper ranked 130th on the list with a $1,786 projected holiday budget this year, or $119 less than last year’s budget. <\/p>\n Regardless of the dollar amount, Austinites should pay attention to their spending and pick a budget that works for their financial situation, experts say. The National Retail Federation expects holiday sales to surpass $1 trillion<\/a> this year, and the report warns credit card debt is a major challenge faced by many Americans as they plan their holiday shopping sprees.<\/p>\n