How Does Your Christmas Budget Compare to the Rest of Michigan?

Depending where you live in Michigan, how much you're spending on presents this holiday season is likely to vary greatly.

The personal finance website WalletHub just released its list of "Holiday Budgets by City" for 2024, and the results are pretty eye-opening for the Mitten State.

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According to WalletHub, your Michigan holiday budget could be in the hundreds or maybe thousands of dollars depending what city you call home.

What Goes Into Determining a City's Average Holiday Budget?

Let's face it. Most of us are going to spend what we want to spend when it comes to Christmas, whether it means going further into debt or not.

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Some of us do try to stick to a budget though, to make sure we're not regretting all of our life choices once the January bills roll around.

In determining average holiday budgets for cities around America, WalletHub took a variety of factors into account - ranging from the cities' average income, age, how much the average resident has in savings vs. what their average monthly expenses are.

Most Americans will budget a little over a thousand dollars for the upcoming holiday season, according to WalletHub. There's a wide range though across the nation - residents of Lauderhill, Florida, spend the least on Christmas at around $217. The highest Christmas budget in the country is in Newton, Massachusetts, at a whopping $4,206!

How does Michigan stack up? Check out the holiday budgets for sixteen Michigan cities below.