JACKSONVILLE, Fla. — Black Friday and Cyber Monday are a good opportunity for Americans to do holiday shopping. Just in time for the shopping season, WalletHub is ranking cities by holiday budget.
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The personal finance company calculated the maximum holiday budget for 558 American cities based on five key characteristics of the population: income, age, debt-to-income ratio, monthly income-to-monthly expenses ratio, and savings-to-monthly expenses ratio.
Jacksonville is ranked near the middle of cities with the biggest budget at number 242. According to WalletHub, the average budget per person in Jacksonville is $1,333.
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Here are the rankings of other cities in Florida:
- 19: Weston --- $3,066
- 71: Boca Raton --- $2,065
- 95: Plantation --- $1.825
- 138: Pembroke Pines --- $1,633
- 143: Riverview --- $1,611
- 150: West Palm Beach --- $1,596
- 153: Brandon --- $1,586
- 162: Fort Lauderdale --- $1,541
- 179: Sunrise --- $1,478
- 191: Delray Beach --- $1,452
- 206: Tampa --- $1,423
- 215: Clearwater --- $1,400
- 223: St. Petersburg --- $1,384
- 231: Orlando --- $1,361
- 240: Miami --- $1,338
- 259: Largo --- $1,281
- 300: Pompano Beach --- $1,196
- 308: Miramar --- $1,178
- 320: Deerfield Beach --- $1,155
- 349: Coral Springs --- $1,099
- 360: Hialeah --- $1,082
- 374: Davie --- $1,065
- 411: Gainesville --- $966
- 413: Port St. Lucie --- $961
- 421: Cape Coral --- $947
- 423: Homestead --- $940
- 436: Deltona --- $922
- 441: Miami Beach --- $916
- 449: Palm Coast --- $890
- 451: Spring Hill --- $887
- 455: Miami Gardens --- $878
- 456: Palm Bay --- $877
- 462: Boynton Beach --- $867
- 473: Melbourne --- $831
- 486: Fort Myers --- $811
- 498: Hollywood --- $791
- 501: Lehigh Acres --- $786
- 503: Kissimmee --- $782
- 510: Lakeland --- $756
- 511: Tallahassee --- $755
- 558: Lauderhill --- $217
Newton, Massachusetts has the highest budget at $4,206. It has the third-highest median annual household income in the nation of over $185,000.
According to WalletHub, holiday sales are expected to reach more than $980 billion this year.
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