Flower Mound residents will spend a lot on Christmas shopping, study says

Flower Mound residents have some of the biggest budgets for Christmas and other holiday shopping, according to a new study.

WalletHub, a personal finance website, estimated the maximum spending amounts for people in 570 cities in the United States, according to a news release.

Flower Mound ranked No. 16 in the country with an estimated average holiday shopping budget of $1,825 per resident. Naperville, Illinois ranked No. 1 with $2,381.

The average budget is expected to be $967, a slight increase since last year and more than 20 percent higher than two years ago, according to WalletHub.

WalletHub used several metrics, including income, age and savings-to-expenses ratio to estimate people’s maximum holiday budget. Click here for more information about the study.

Mark Smith
Mark Smith
Mark Smith is the Digital Editor of The Cross Timbers Gazette.

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