Residents of Which State Will Spend the Least for Valentine’s?

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Residents of Which State Will Spend the Least for Valentine’s?

© Thinkstock

Residents of New Hampshire are exceedingly cheap, at least as measured by Valentine’s Day spending. A survey of about 3,000 respondents by Finder.com showed that people in the northeastern state will spend only $31 on their partners. This compares to the state at the top of the list: Kansans will spend $117.

The key findings:

  • Respondents in Kansas spent the most on their partners on Valentine’s Day, with an average spend of $117, followed by Nevada ($112), Idaho ($111), North Dakota ($108), Hawaii ($102), Arkansas ($93), Virginia ($87), Florida ($83), California and South Carolina ($82).
  • The states that spent least on their Valentine were New Hampshire ($31) and South Dakota, Delaware, Maine, Vermont, Wyoming and Kentucky (all $36).
  • 34% of Americans plan to celebrate Valentine’s Day by going to a restaurant
  • Those who are in 2 to 5 year relationship will get the highest valued gifts
  • Married couples were the most likely not to buy a gift at all
  • 30% of Americans have hidden purchases from their loved ones

[nativounit]
Among the most well-followed research studies about Valentine’s Day is the National Retail Federation’s. Data from its study were very different from those of Finder.com. However, the methodology and survey pools were not the same. Its results:

From a night out on the town to flowers and jewelry, Americans are planning to spoil their loved ones this Valentine’s Day. According to the National Retail Federation’s Valentine’s Day Consumer Spending Survey conducted by Prosper Insights and Analytics, 54.8 percent of consumers will celebrate Valentine’s Day, spending an average of  $146.84 on flowers, jewelry, candy, apparel and more, up from $142.31 last year.

One of the organizations is well off base. Unless there is detailed follow up on what spending for Valentine’s Day 2016 actually is, no one will ever know the truth.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618