A new study reveals that the state spends the most on non-essential Valentine purchases, with Maine at the top of the rankings.
The verified coupon site coupons4real collected data from the Bureau of Economic Analysis and the Federal Reserve Economic Data to calculate the expenditures and average annual income for each state. They analyzed the findings to rank the states that spend the highest percentage of their income on non-essential purchases, including all Valentine’s Day expenditures.
Florida is in fifth place. This is because residents spend an average of 47.78% of their annual salary on purchasing consumables. This is a staggering $30,964 per Floridian, costing just about what’s not essential
Maine is the top of the rankings, taking first place as residents spend a staggeringly on personal non-essential 49.38% like Valentine’s Day gifts and decorations. This means that Maine residents spend an average of $29,840 each year on these unnecessary individual purchases.
Second place is Michigan, where residents spend an average of 48.61% of their annual salary on unnecessary individual purchases. Each Michigan Spender blows around $27,726, a nonessential every year.
Third place is Arizona. In Arizona, spenders splash 48.01% of the average annual income of essential individual purchases. This means that each Arizona spends $28,033 on unnecessary things each year.
Utah spenders diverged to spend 47.97% of their annual income on unnecessary purchases, bringing the state to fourth place. This means that each person spends an average of $28,520 per year on these purchases.
Hawaii is in sixth place, with the average person using 47.36% of his annual income to go for mandatory personal purchases. Each Hawaiian spends around $29,274 each year on purchasing these types.
Pennsylvania ranks 7th, with 47.35% of the average annual salary being spent non-essentially. That means each resident spends an astonishing $30,546 a year on unnecessary things.
Next is Illinois, ranked 8th, with 47.35% of the average salary being spent every year on unnecessary individual purchases. In Illinois, the average person spends an astounding $32,034 on purchasing these types each year.
Alaska is in 9th place. There, each person spends 47.18% of their average annual income on essential individual purchases. Every year, the average Alaska spends $32,395 on these non-essentials.
Finally, New Hampshire will be in 10th place. On average, 47.06% of salary is directed towards individual purchases, which are deemed unessential, from holidays to electronics. New Hampshire residents spend $34,691 a year on these types of non-essential relationships.
Panayotis Nikolaidis, CEO and founder of Coupons4real, commented on the findings:
“From luxurious gems to last-minute escapes, spending trends show that certain regions prioritize dul over simplicity. Flowers and chocolate are staple foods, high-end meals, designer gifts, and even more. It remains a Spari Treat, but it reveals which states accept the holiday as a gorgeous event. In the end, love may be valuable, but Valentine’s Day certainly isn’t.”
States with the least significant individual expenditure compared to revenue were calculated and ranked.
Annual per capita expenditures and per capita personal income by state were obtained from 2022 data from the Bureau of Economic Analysis and the Federal Reserve Economic Data, respectively.
The percentage of average person’s personal income spent on non-essential relationships in each state was calculated and ranked from the highest to lowest.
