Summer hasn’t even officially started, and travel is already trending upward, as Americans can’t seem to wait for an escape. More than 37 million people ventured at least 50 miles from home throughout Memorial Day weekend, according to AAA, and 81 percent of Americans are planning a summer vacation this year.
The 2015 summer travel season is also expected to be rather less expensive – with 42 percent of vacationers spending more than $1,500, whereas 10 percent are spending more than $3,000, down from 46 percent and 13 percent, respectively, in 2014 – due in part to a decrease in hotel and airfare costs in popular destinations.
If you don’t think you can afford such a hefty tab, you aren’t alone. The average household still has roughly $7,000 in credit card
debt hanging over their head, we have yet to solve our student loan problems, and full employment is still two years away.
Where does that leave us? A staycation might be in order. Certain cities are obviously more conducive to a staycation than others. From recreation opportunities to the cost of relaxation, there are a number of factors to consider when evaluating whether or not you can bring the benefits of a vacation to your front door.
With that in mind, WalletHub considered 17 of the most important factors in ranking the 100 most populated U.S. cities. Hopefully our findings can help frugal-minded consumers who are on the fence about staying home or taking a trip make the best decisions for their wallets and enjoy a bit of fun this summer.