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The Markets Where Renters had the Highest Holiday Spending

Analysis from RentCafe showed that Thanksgiving and winter holiday spending combined adds up to an average of $1,100 per household.

In an effort to figure out how much of a financial burden U.S. renters face during the winter holidays, apartment listing site RentCafe recently looked at which cities had renters spending the most money on holiday shopping in 2018. By analyzing data provided by the U.S. Census Bureau, Bureau of Labor Statistics, Yardi Matrix and the National Retail Foundation, RentCafe found that the average U.S. renter household spent $1,100 on holiday gifts, food and decorations in November and December 2018. When that figure was subtracted from the average renter income for the period ($6,500) and after accounting for rent and other necessity expenses, all that holiday shopping left the average renter $400 in the red. Renters in certain markets, however, had it tougher than others, since their rents trended much higher--think gateway cities on the East and West Coasts. This gallery lays out a list of markets with the highest holiday spending. 

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