People in one Texas town can afford to spend $2,761 on the holidays—here are the 10 US cities where people can spend the most

Shoppers wait in line while shopping at Toys'R'Us during the Black Friday sales event on November 27, 2009 in Fort Worth, Texas
Tom Pennington | Getty Images News | Getty Images

Americans are expected to . The on gifts and necessities, according to a recent report from Harris Poll and advertising-technology company OpenX.

And a new survey from personal-finance website WalletHub expects them to spend even more: about $1,007 per person, up more than 4 percent from 2017.

But how much can each person actually afford to spend?

WalletHub, using data from the National Retail Federation, compared 570 U.S. cities across five metrics to determine the maximum shoppers there can comfortably afford to spend. Those metrics include income, age, debt-to-income ratio, monthly income-to-expenses ratio and savings-to-monthly expenses ratio.

"At a high level, our algorithm considers a consumer to be in a comfortable financial position to engage in holiday spending if they have: enough and a smaller than 22 percent for a renter or 43 percent for a homeowner," the survey says.

"Depending on a city's specific characteristics, the algorithm adjusts upward or downward to create a custom estimate."

Based on that data, shoppers in Flower Mound, Texas, can afford to spend about $2,761 this season. Here are the top 10 cities where shoppers have the most leeway in their holiday budgets:

Flower Mound, Texas

Holiday budget: $2,761

Sunnyvale, California

Holiday budget: $2,575

Naperville, Illinois

Holiday budget: $2,528

Mountain View, California

Holiday budget: $2,524

The Woodlands, Texas

Holiday budget: $2,444

Bellevue, Washington

Holiday budget: $2,411

Sugar Land, Texas

Holiday budget: $2,321

Stores use these 5 tricks to make you spend more during the holidays

Allen, Texas

Holiday budget: $2,244

Pearland, Texas

Holiday budget: $2,238

Maple Grove, Minnesota

Holiday budget: $2,156

If you expect to do a lot of holiday shopping this year, try to and avoid . Use cash when you can, too: Research suggests it can lead you to curtail your spending because physically handing over your money and watching it disappear feels "more painful."

If you plan to use credit or debit, and .

No matter how you chose to spend or where you're located, can help you get through the holiday season without busting your budget.

Like this story? Subscribe to CNBC Make It on YouTube!

Don't miss: Nearly 70% of Americans say they're cutting back on monthly spending—and saving money isn't the only reason why

The easiest ways to make your office less sad and more festive
make it

Stay in the loop

Sign Up

About Us

Learn More

Follow Us