Report: Nashville residents on average have a $731 budget for the holidays

NASHVILLE, Tenn.--A new report from personal finance company Wallet Hub finds Nashville residents have an average holiday budget of $731 this year.

The company analyzed income, age, and savings-to-monthly expenses ration to estimate the max spending amounts for consumers in 570 U.S. cities.

Of the 570 cities, Nashville's $731 budget ranked 248. Franklin was the highest ranked city at 67 thanks to an average holiday budget of $1,332.

The company found on average, the consumer profile in Nashville showed a monthly income of $5,027 and monthly expenses of $3,701.

1011 The Beat · Nashville's Home for Hip Hop and R&B

Listen Now on iHeartRadio