Who isn’t familiar with New York City’s annual tradition of dropping a lighted ball in Times Square on New Year’s Eve? But there are plenty of other places across the nation that have established their own traditions for greeting the New Year, and those places may not only be as much fun to visit, but far more affordable, according to WalletHub.
The personal finance website says that local businesses are notorious for hiking up their prices when big crowds are in town for a major event. In fact, hotels may raise their rates by several hundred percent on New Year’s Eve, compared with the rest of the year.
With so many people making financial resolutions for the New Year, why would anyone want to greet it in even greater financial distress by spending more than they can afford on a year-end celebration?
To help put you on the path toward a fiscally fit New Year, WalletHub compared 100 of the biggest cities in the U.S. across three key dimensions: food and entertainment, (50 points); costs (30 points); and safety and accessibility (20 points), using 28 key indicators of an epic New Year’s Eve night out.
Here, in ascending order, are WalletHub’s top 10 best places for New Year’s Eve celebrations.
10. Philadelphia
Philadelphia ranks 13th in food and entertainment, 70th in costs and 55th in safety and accessibility. Total score: 61.30.
9. Miami
Miami ranks seventh in entertainment and food, 95th in costs and 42nd in safety and accessibility. Total score: 62.04.
8. San Francisco
San Francisco ranks first in entertainment and food, 98th in costs and 52nd in safety and accessibility. Total score: 62.59.
7. Orlando, Fla.
Orlando ranks sixth in entertainment and food, 48th in costs and 99th in safety and accessibility. Total Score: 63.21.
6. Atlanta
Atlanta ranks fifth in entertainment and food, 59th in costs and 87th in safety and accessibility. Total Score: 64.20.
5. Los Angeles
Los Angeles ranks third for entertainment and food, 83rd in costs and 54th in safety and accessibility. Total Score: 65.98.
4. San Diego
San Diego ranks ninth for entertainment and food, 67th in costs and 12th in safety and accessibility. Total Score: 66.42.
3. Las Vegas
Las Vegas ranks fourth in entertainment and food, 80th in costs and 33rd in safety and accessibility. Total Score: 67.47.
2. Denver
Denver ranks eighth in entertainment and food, and 36th in both costs and safety and accessibility. Total Score: 67.71.
1. New York
New York ranks first in entertainment and food, 100th in costs and 21st in safety and accessibility. Total Score: 67.79.