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.
