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Asian woman happy smiling using laptop and credit card to buy gifts for Christmas.

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Some people can afford to spend much more than others over the holiday season, based on their income, existing debt obligations and cost of living. What is your holiday spending budget?

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.

Shopping for Christmas ornaments.

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To help consumers avoid post-holiday regret, WalletHub 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.

Cities with the Biggest Holiday Spending Budgets

1. Palo Alto, CA ($3,596) 11. Santa Clara, CA ($3,269)
2. Bellevue, WA ($3,576) 12. San Mateo, CA ($3,262)
3. Frisco, TX ($3,546) 13. Highlands Ranch, CO ($3,224)
4. Ellicott City, MD ($3,497) 14. Sugar Land, TX ($3,210)
5. Flower Mound, TX ($3,485) 15. Naperville, IL ($3,184)
6. Sunnyvale, CA ($3,483) 16. Carmel, IN ($3,116)
7. Milpitas, CA ($3,470) 17. Roswell, GA ($3,115)
8. Mountain View, CA ($3,399) 18. Weston, FL ($3,087)
9. Fremont, CA ($3,321) 19. Centreville, VA ($3,040)
10. The Woodlands, TX ($3,316) 20. Union City, CA ($3,036)
Hands of a woman in a red sweater holding a credit card and a gift box on the background of a Christmas tree close-up. Christmas and New Year shopping online, credit card payment. Buying gifts online.

Source: Tatyana / Getty

Average Consumer Profile of Indianapolis:

  • Overall Rank for Indianapolis: 206th
  • Monthly Income: $5,125
  • Monthly Expenses: $3,746
  • Savings: $13,257
  • Age: 34.3
  • Monthly Income-to-Monthly Expenses Ratio: 1.37
  • Savings-to-Monthly Expenses Ratio: 3.54

Indianapolis’ Average Holiday Budget for 2023: $1,299

For the full report, visit: