Holiday Spending by State

Introduction

The holiday season is always a time of giving and joy, with many people spending the extra money to purchase gifts for friends and family. Of course, the amount of money that each household has to spend varies significantly depending on the state in which they live. To better understand what kind of disposable income households have available for holiday shopping, we’ve compiled data from several states across the United States. 

Maryland residents have an average disposable income of $2714.50 per household, making them one of the highest-earning states. Utah follows closely behind with $2310.17 per household, while Hawaii and Virginia round off the top three at $2152.08 and $2102.92 respectively. New Jersey has an average disposable income of $2051.17 followed by Alaska at $1920.92 and Massachusetts at $1898.67. 

It’s important to note that when considering the total amount spent during the holidays, taxes play a major role in determining how much money can be used for gift buying or other activities associated with this joyous season – more specifically sales tax can add up quickly depending on where you are in the country – some states having higher rates than others – so it’s important to take this into account when budgeting for your holiday festivities!