People In Flower Mound To Spend The Most Money This Christmas, Data Finds

Black Friday's coming up, which is why WalletHub calculated the maximum holiday budget for each of 570 U.S. cities, so shoppers can get a better sense of their town's spending range-- and avoid overspending.

The personal-finance website used five key characteristics of the population, such as income, age and savings-to-monthly expenses ratio, to make the calculations.

The data found Flower Mound, Texas, has the biggest budget in Texas at $2,937, and the third biggest budget of all 570 cities.

Here's the top 10:

1. Palo Alto, CA ($3,160)
2. Sunnyvale, CA ($2,971)
3. Flower Mound, TX ($2,937)
4. Newton, MA ($2,888)
5. Mountain View, CA ($2,877)
6. Frisco, TX ($2,836)
7. The Woodlands, TX ($2,833)
8. Carmel, IN ($2,632)
9. Naperville, IL ($2,566)
10. Milpitas, CA ($2,549)

Click here to view the complete rankings.

Source: WalletHub; photo: Getty Images