How much savings should the tenants not to «go negative» after the holidays

How much savings should the tenants not to «go negative» after the holidays

Ideally, the holiday season is a time of spending, and spending that are fun.

In reality, not everything is so rosy. Buying gifts, ornaments for Christmas, food for holiday dinners, is essentially an effort on the budget of each family. Especially if the family lives in rented accommodation.

How much savings should the tenants not to «go negative» after the holidays

The website RentCafe analyzed data average household income in 100 major cities across the United States, as well as figures the average rent in November and the results of a survey of Americans about how much they intend to spend during the winter holiday season.

Based on these data, RentCafe came to the conclusion that the average American family of four spends about 2.8 percent of their annual income during the Christmas and new year holidays.

But in the different cities data, of course, vary.

For example, a hypothetical family from Virginia beach, Virginia, who lives in the «middle district» and receives the median income is one of the few lucky ones. According to the analysis, after the winter holidays and related expenses they will have saved about $689 on their November and December salaries.

The top five tenants of the cities included Wichita (Kansas), Tulsa and Oklahoma city (Oklahoma), as well as Mesa, Arizona.

A list of the major cities, where the tenants after the holidays can stay in the black, close Tucson, Arizona. However, plus will be about $ 6, but… a Trifle, but nice.

You can not say about the people who rent an apartment in new York, specifically in Manhattan.

According to the calculations RentCafe, if the average family tenants in Manhattan have no savings in the amount of $ 394 4 (minimum), they need help, not to «go negative».

The second largest demand savings – Boston, the third – San Francisco, completing the top five in Oakland and Los Angeles.

How much savings should the tenants not to «go negative» after the holidaysSource: RentCafe

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