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The average Davenport resident will spend $876 on the holidays, study shows

DAVENPORT, Iowa —¬†When compared with 570 cities across the country, Davenport ranks in the top third of high holiday spending.

Residents are expected to spend an average of $876 on their celebrations, ranking at No. 132, according to a study by WalletHub.

The highest spenders are expected to be in Palo Alto, California, with a holiday budget average of $2,821.  Brockton, Massachusetts is expected to yield the lowest spenders, with a budget average of $71.

To find these numbers, WalletHub used five key metrics: income, age, debt-to-income ratio, monthly income-to-monthly expenses ratio, and savings-to-monthly expenses ratio.