ROANOKE, Va. (WalletHub) — Roanoke’s average holiday budget is $1,067, placing it mid-tier among Virginia cities, according to a new study by WalletHub. The report analyzed holiday spending limits in over 550 U.S. cities, considering factors like income, debt, and monthly expenses.
Arlington tops Virginia’s rankings, with residents planning to spend over $3,100 on holiday shopping, the highest in the state. Lynchburg, in contrast, has one of the lowest average holiday budgets at $982, reflecting more conservative spending in smaller cities.
Richmond and Virginia Beach also fall in the mid-range, with budgets slightly higher than Roanoke’s. WalletHub analysts suggest that the differences in spending reflect variations in income, cost of living, and savings across the state.
Experts recommend creating a holiday budget that aligns with your financial profile to avoid overspending and carrying credit card debt into the new year. Roanoke’s mid-tier ranking highlights the city’s steady and balanced approach to seasonal spending.
For the full report and tips on how to manage holiday finances, visit WalletHub.com.
