For the second year in a row, a new Christmas decor cost a lot more than it used to, according to a study by the nonpartisan Congressional Budget Office.
House decor costs increased by 2.2 percent to $10.1 billion, while the average price of a home remodeled or refurbished increased by 1.5 percent to more than $115,000.
In contrast, the price of decor in the prior year decreased by 0.9 percent, to $9,800.
The average cost of a remodeled home is about $1.5 million, according the report.
The median cost of home remodeling is about half that.
For the first time in more than 20 years, the average cost per square foot of the nation’s largest metropolitan areas fell slightly, to about $2,000 a square foot.
In the previous year, it was about $3,000, according a Congressional Budget Report report last year.
The cost of decor also decreased in several other major metropolitan areas, including Atlanta, Baltimore, Boston, Chicago, Cleveland, Dallas, Detroit, Houston, Kansas City, Miami, Milwaukee, New York City, New Orleans, Philadelphia, San Francisco and Washington, D.C. The study found that in the largest metro areas, the cost of buying new decorations rose to $3.8 million in 2015 from $2.6 million in 2014.
In 2016, the costs of purchasing decorations increased in all but one of the 20 largest metropolitan area.
The report is a snapshot of the overall picture for decor, but it’s also important to keep in mind that the costs in some areas are higher than in others.
For example, in New York, the median price of new decor was about five times higher than the median cost in all other metropolitan areas.