Here’s how much Minnesotans will spend on holiday shopping this year

(FOX 9) – Some Minnesota cities ranked in the top 100 in the U.S. for the highest budgets for holiday shopping.

Holiday sales in 2024 are expected to grow between 2.5% and 3.5% from last year, reaching more than $980 billion, according to the personal finance website WalletHub. 

To determine the U.S. cities with the largest holiday budgets, WalletHub compared more than 500 cities across five key metrics: income, age, debt-to-income ratio, monthly income-to-monthly expenses ratio and savings-to-monthly expenses ratio. 

Highest Minnesota holiday budgets

Four Minnesota cities ranked in the top 100 highest holiday shopping budgets in the U.S. 

Plymouth has the biggest budget in the state, ranking at No. 22 in the study. The city’s holiday shopping budget is $2,969. 

Next is Woodbury, with a budget of $2,757 and a ranking of No. 29. 

Third is Maple Grove, whose budget is $2,390 and has a ranking of No. 51. Finally, there is Eagan, with a budget of $2.342 and a ranking of No. 55. 

Lowest Minnesota holiday budgets

Throughout the study, most Minnesota cities were ranked in about the middle. 

After Eagan, Bloomington has a holiday shopping budget of $1,675, with a ranking of No. 123. 

Rochester is not much lower, with a budget of $1,670 and a ranking of No. 126. 

Minneapolis is the next lowest, having a budget of $1,601, and a ranking of No. 146. St. Paul is ranked 218 with a budget of $1,398. 

According to the study, Duluth has the second-lowest holiday spending budget in the state, with a ranking of No. 283 and a budget of $1,223. 

The Minnesota city with the lowest holiday budget is St. Cloud with $1,172 and is ranked No. 309. 

Holiday spending budgets across U.S., according to WalletHub:

1. Newton, MA $4,206
2. Sunnyvale, CA $3,845
3. Palo Alto, CA $3,719
4. Mountain View, CA $3,715
5. Milpitas, CA $3,659
6. Bellevue, WA $3,550
7. Flower Mound, TX $3,541
8. Fremont, CA $3,483
9. Carmel, IN $3,424
10. Santa Clara, CA $3,419
11. Frisco, TX $3,412
12. Naperville, IL $3,407
13. The Woodlands, TX $3,395
14. Highlands Ranch, CO $3,259
15. Sugar Land, TX $3,214
16. Cambridge, MA $3,169
17. Ellicott City, MD $3,152
18. Allen, TX $3,070
19. Weston, FL $3,066
20. Centreville, VA $3,055
21. Cary, NC $2,996
22. Plymouth, MN $2,969
23. Cedar Park, TX $2,930
24. Fishers, IN $2,910
25. League City, TX $2,897
26. Roswell, GA $2,871
27. San Jose, CA $2,828
28. Walnut Creek, CA $2,774
29. Woodbury, MN $2,757
30. Arlington, VA $2,708
31. Redondo Beach, CA $2,667
32. Plano, TX $2,658
33. Bolingbrook, IL $2,616
34. San Ramon, CA $2,612
35. Union City, CA $2,591
36. Troy, MI $2,561
37. Redwood City, CA $2,554
38. Rochester Hills, MI $2,543
39. Round Rock, TX $2,538
40. Somerville, MA $2,500
41. Olathe, KS $2,500
42. Columbia, MD $2,499
43. Sandy, UT $2,487
44. New Rochelle, NY $2,485
45. North Richland Hills, TX $2,484
46. Broomfield, CO $2,432
47. Buena Park, CA $2,430
48. Arlington Heights, IL $2,422
49. Scottsdale, AZ $2,421
50. Pleasanton, CA $2,394
51. Maple Grove, MN $2,390
52. McKinney, TX $2,386
53. Chandler, AZ $2,369
54. Shawnee, KS $2,363
55. Eagan, MN $2,342
56. Edmond, OK $2,316
57. Livonia, MI $2,289
58. Seattle, WA $2,264
59. Lee’s Summit, MO $2,224
60. Pearland, TX $2,223
61. Germantown, MD $2,210
62. Hillsboro, OR $2,203
63. Irvine, CA $2,200
64. Kirkland, WA $2,169
65. San Francisco, CA $2,157
66. Rockville, MD $2,156
67. Alexandria, VA $2,147
68. San Mateo, CA $2,093
69. Tempe, AZ $2,087
70. Livermore, CA $2,081
71. Boca Raton, FL $2,065
72. Framingham, MA $2,056
73. Nashua, NH $2,053
74. Broken Arrow, OK $2,006
75. Yorba Linda, CA $2,002
76. Richardson, TX $1,980
77. Upland, CA $1,968
78. Bismarck, ND $1,959
79. Boston, MA $1,936
80. Cranston, RI $1,933
81. Carrollton, TX $1,932
82. Mount Pleasant, SC $1,927
83. Washington, DC $1,924
84. South Jordan, UT $1,920
85. Overland Park, KS $1,917
86. Thousand Oaks, CA $1,905
87. Austin, TX $1,905
88. Stamford, CT $1,894
89. Gilbert, AZ $1,883
90. Torrance, CA $1,872
91. Charleston, SC $1,849
92. Lewisville, TX $1,848
93. San Diego, CA $1,843
94. Huntsville, AL $1,835
95. Plantation, FL $1,825
96. Quincy, MA $1,825
97. Norwalk, CT $1,811
98. Farmington Hills, MI $1,811
99. Silver Spring, MD $1,810
100. Carlsbad, CA $1,810