Residents of The Woodlands and Sugar Land might be doing more holiday shopping than others this season.
A study by WalletHub found four Houston-area suburbs – including The Woodlands and Sugar Land which ranked sixth and seventh, respectively – are among the top 30 in the U.S. for having the biggest average holiday budget.
WalletHub reports the average The Woodlands and Sugar Land households are expected to spend approximately $2,729 and 2,728, respectively, surpassing Houston’s average holiday budget for 2020 of $565, according to Chron.
To calculate estimates, WalletHub based on each city’s income, age and savings-to-monthly expenses ratio.
Other Houston-area suburbs that topped the list included League City, taking spot No. 15, and Pearland, No. 23, which estimated holiday budgets are $2,501 and $2,319, respectively.
If you reside in one of these suburbs – do the calculations accurately reflect your holiday budget? Let us know in the comments below.