Maple Grove, Eagan Rank High For Holiday Spending

MAPLE GROVE, MN — Residents in Maple Grove and Eagan can spend a king's ransom on the holidays. Personal finance website WalletHub ranked those two suburbs in the top of its list of U.S. cities for recommended holiday spending totals.

"We calculated the maximum holiday budget for each city using the population's income, age, debt to income ratio, monthly income to monthly expenses ratio and savings to monthly expenses ratio," said WalletHub's Diana Polk

Maple Grove finished 10th among 570 cities. Residents there can spend a whopping $2,156 this holiday season, according to WalletHub.

Eagan residents can spend an average of $1,730, ranking 23rd-highest in the nation.

"The total amount represents the average maximum holiday budget," Polk told Patch.

"Seeing as we considered people's income as well as all types of expenses, the actual budgets should be close to our numbers, but we cannot estimate how much people will actually spend."

See where other cities rank here.

Sign Up For Patch's Daily Newsletter and Breaking News Alerts in Your Neighborhood

Photo by David Allen/Patch