Charlotte’s Average Holiday Budget Is $1,000 for 2023

With the expensive holiday shopping season coming up and nearly 1 in 4 people still working to pay off holiday debt from last year, the personal-finance website WalletHub today released its 2023 Holiday Budgets by City report.

To help consumers avoid post-holiday regret, the site used several key metrics, such as income, age, and saving-to-expense ratios, to estimate the maximum spending amounts for consumers in over 550 U.S. cities.

Average Consumer Profile of Charlotte:

  • Overall Rank for Charlotte: 370th
  • Monthly Income: $6,200
  • Monthly Expenses: $4,345
  • Savings: $14,594
  • Age: 34.5
  • Monthly Income-to-Monthly Expenses Ratio: 1.43
  • Savings-to-Monthly Expenses Ratio: 3.36

Charlotte’s Average Holiday Budget for 2023: $1,000

What’s your budget for the holidays?



Originally posted 2023-11-15 13:46:57.