New York City Loses Its Title as the Best City to Celebrate New Year's Eve - See Which City is Now #1

Times Square is no longer the top New Year's Eve destination.
Updated May 8, 2024
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In a surprising turn of events, the sunshine state's Orlando has outshone the iconic New York City as the nation's top destination for New Year's Eve celebrations, according to a recent WalletHub study. This seismic shift in recognition begs the question: What exactly propelled Orlando to the top, and why did New York fall from its celebrated perch?

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What makes a city shine on New Year's Eve?

WalletHub's study examined 26 metrics across three categories: entertainment and food, costs, and safety and accessibility. Orlando clinched the top spot due to its outstanding performance in nightlife options and the abundance of affordable restaurants with high ratings.

The study highlighted Orlando's claim to fame: "Ranks first when it comes to nightlife options and affordable restaurants rated 4.5+ stars, so you can enjoy some fun and a good meal before 2024 arrives." This emphasis on affordability seems to be the critical factor that nudged Orlando ahead of the competition.

Comparing oranges to apples: New York's cost makes it drop

Despite its internationally televised Times Square revelry and iconic ball-drop bash, New York City was relegated to the third spot. The study emphasized that the price tag of its celebrations prevented New York from retaining its crown, stating, "Celebrations are a lot less affordable than in the top two cities."

The average cost for a couple to revel in the festivities of New Year's Eve in the nation's three largest cities — New York, Los Angeles, and Chicago — is estimated at $872, according to WalletHub. Spending your holiday in Orlando makes it a lot easier to go out and to save while shopping for things that you'll want to enjoy the night out. 

How New York responded to losing its crown

Unsurprisingly, New York City officials quickly dismissed the study, asserting that Orlando lacks the cultural and symbolic significance to compete with the Big Apple. Tom Harris, president of the Times Square Alliance, remarked, "It’s comparing apples to oranges. For many years, New York City has been the place that America and the world look to ring in the New Year."

Harris added that the upcoming New Year's Eve celebration in Times Square is anticipated to draw a million people and be watched by a billion more globally. Despite these assurances, the study's findings echo broader trends that favor Florida over New York.

Changing demographics and fiscal shifts

Florida's rise in prominence isn't just about New York's fall; it's a larger narrative of shifting demographics and fiscal changes. Following the 2020 U.S. Census, Florida surpassed New York in population, electoral votes, and congressional representatives. This demographic shift and financial gains have fueled Florida's ascent.

New U.S. Census Bureau data reveals that New York lost over 100,000 residents in the past year, more than any other state. The Empire State has also seen a significant loss in annual taxable income, while Florida's coffers have experienced an influx of billions in new income.

Orlando's allure beyond theme parks

Casandra Matej, president and CEO of Visit Orlando, asserted that Orlando's recognition as the No. 1 destination for New Year's Eve underscores its appeal. Matej highlighted the city's family-friendly outdoor attractions, extending beyond its renowned theme parks. Orlando offers diverse festivities, including block parties, concerts, dining events, and one-of-a-kind fireworks displays.

The WalletHub study singled out fireworks as a significant factor in Orlando's triumph. The city boasts some of the longest fireworks displays in the country, and the legality of consumer fireworks allows residents to set up their vibrant shows. This freedom to celebrate with fireworks represents a less restrictive political environment than in other cities.

San Diego weathers the competition

While Orlando basks in its newfound glory, San Diego secures the second spot on the list. The study credits the sunny Southern California city's "mild weather" as a key factor. According to WalletHub, "It’s the place to be if you want clear skies so you can appreciate an outdoor get-together and fireworks show. The city has the lowest chance of precipitation on New Year’s Eve."

How the cities stack up

WalletHub ranked the cities and their overall cost ranking as follows:

1. Orlando, FL: Long fireworks displays and top-rated but affordable restaurants helped catapult this city to the top spot for New Year’s Eve.

Costs Rank: 66

2. San Diego, CA: The city with the lowest chance of precipitation for the day is also the top choice for the West Coast. San Diego is also tied with Orlando for affordable restaurants rated 4.5 and above.

Costs Rank: 78

3. New York, NY: New York is a New Year’s Eve no-brainer. If you can brave the cold and the higher expense, you can see in person what over a billion people worldwide will watch on TV — the famous ball drop. A bustling nightlife and restaurant scene also make NY a mainstay.

Costs Rank: 91

4. Las Vegas, NV: Las Vegas is another party hotspot with one of the most legendary nightlife cultures in the world.

Costs Rank: 77

5. Atlanta, GA: Atlanta is a great choice for those who want a wide variety of nightclubs and restaurants but perhaps a little more quiet of a scene than New York or Las Vegas.

Costs Rank: 68

6. Miami, FL: Miami is another legacy nightlife spot, with warm weather during New Year’s Eve and some of the best nightlife destinations in the world. Add an eclectic and famous restaurant variety; Miami is another obvious choice.

Costs Rank: 86

7. Los Angeles, CA: Los Angeles is one the biggest cities in the country and also offers many festive options but will be without the hustle and bustle of larger metropolitan areas like New York or Chicago.

Costs Rank: 89

8. Chicago, IL: Another city where, if you can get over the expense, you will not be disappointed. Like New York, Chicago has everything from nightlife to restaurants to NYE celebrations.

Costs Rank: 92

9. Denver, CO: For those looking for a more low-key, not nonetheless exciting, New Year’s Eve experience, Denver is a good option. Eclectic bars and restaurants are set against Denver’s legendary beauty.

Costs Rank: 46

10. Washington, DC: Washington, DC is another one of the country’s main metropolitan areas, offering everything partygoers need. The capital boasts some of the best restaurants in the world and nightlife options that match other major cities. One thing to remember when visiting D.C. is that clubs and bars tend to close earlier than other major cities, so it’s important to check beforehand where you’re going.

Costs Rank: 96

Bottom line

In a landscape of shifting preferences and evolving demographics, the title of the best New Year's Eve destination now rests upon Orlando's shoulders. As we bid farewell to the year, the symbolism of this shift extends beyond the festivities, reflecting broader trends in population, finance, and the changing face of American celebrations. If you're traveling to a fun city to ring in the New Year, consider taking a top travel credit card with you to maximize your opportunity to save. 

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Author Details

Georgina Tzanetos Georgina Tzanetos is a former financial advisor who has been active in financial media for the past six years. She holds a master's in political economy from NYU, where she studied distressed labor markets.

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