JACKSON, Miss. (WJTV) — Holiday shopping has already started for some families.
With the countdown to Christmas, WalletHub says the National Retail Federation predicts the average per-person tab this holiday season will reach $967, up nearly 3.4 percent since 2016.
WalletHub analysists calculated the maximum holiday budget for cities using five characteristics:
- Debt-to-Income Ratio
- Monthly Income-to-Monthly Expenses Ratio
- Savings-to-Monthly Expenses Ratio
In Jackson, WalletHub said the maximum holiday shopper’s budget was calculated to be $492. Out of 520 cities, Jackson is ranked 488.
Naperville, IL was ranked No. 1 with the biggest holiday budget at $2,381. Flint, Michigan is at the bottom of the list with a holiday budget of $69.
View the chart below for more details about cities around the nation. Click here to get a list of budgets for the cities included in the study.