Hey big spender! Houston is one of the most generous, gift-giving cities inAmerica
Oh, that's nice . . . Houston takes fourth place on the Top 20 most generous cities in the United States list.
Using data provided by consumer research site Bundle, the Daily Beast/Newsweek list looks at average transactions in the largest 100 American cities for toys, electronics, jewelry and donations between Nov. 25 and Dec. 25 of last year.
With an average annual wage of $46,290, the average Houstonian spends about $700 on gifts and $118 on charitable giving during the holiday season — a 19 percent increase in consumer spending and 11 percent in charity as compared to the rest of the year.
Not widely viewed as the world's most generous city, Los Angeles took the top slot. Angelinos with an average yearly income of $50,240 spent an average $880 on gifts and $218 in charitable donations.
Dallas, meanwhile, tops the Texas pack, coming in second place in the nation. Dallasites earn about an average $45,530 and dole out $943 in holiday gifts and whopping $260 in charitable donations.
Here's the breakdown of the 10 biggest spenders (note the Texas domination):
- Los Angeles
- Fort Worth
- Tucson, Ariz.
- Portland, Ore.
- San Diego
According to the listings data, Houston also joined Dallas, Fort Worth, Austin and San Antonio as ranking among the country's most charitable cities — coming in ninth compared to Big D's No. 1 position.
This year the National Retail Federation projects that there will be a 3.8 increase in holiday spending, which would mean $469.1 billion will be spent in November and December. Charitable giving is expected to rise 6.5 nationwide compared to the 2010 statistics from the Atlas of Giving