These Cities in Illinois Have the Biggest Holiday Budgets

Depending on where you live in Illinois, your shopping tab for the holidays could range from $350 to as much as $1,500, according to a new study.

To give consumers a better sense of their spending range relative to where they live, the personal finance website WalletHub used its own algorithm to compare 570 U.S. cities across five key indicators: income, age, debt-to-income ratio, monthly income-to-monthly expenses ratio and savings-to-month-expenses ratio.

The National Retail Federation projects the nationwide average spending level to be about $936 per person, compared to $806 in 2015. At more than $2,800, residents of Palo Alto, Calif., are estimated to have the biggest holiday budget in the country.

Here are the cities in Illinois WalletHub ranked as having the biggest holiday budgets per person.

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