12-07-2025
Here's How Much Cash You Need Stashed To Survive a Recession in the Most Expensive States
The higher the cost of living is in any given state, the more money residents need to stockpile in their emergency funds should a major financial disaster, like a recession, take place.
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Using a GOBankingRates study outlining the cost of living in every state, we pulled the 10 states that ranked among the most expensive. Then, we referred to another GOBankingRates study analyzing how much should be kept in an emergency fund in the event of a recession. The total savings to set aside for three to 12 months may be found below for the 10 most expensive states.
Ranked from most to least expensive, this is the amount you'd need to survive a recession in the nation's 10 highest cost-of-living states.
Annual cost of living: $104,577
Emergency fund for 3 months: $26,144
Emergency fund for 6 months: $52,289
Emergency fund for 12 months: $104,577
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Annual cost of living: $77,544
Emergency fund for 3 months: $19,386
Emergency fund for 6 months: $38,772
Emergency fund for 12 months: $77,544
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Annual cost of living: $87,962
Emergency fund for 3 months: $21,990
Emergency fund for 6 months: $43,981
Emergency fund for 12 months: $87,962
Annual cost of living: $60,450
Emergency fund for 3 months: $15,113
Emergency fund for 6 months: $30,225
Emergency fund for 12 months: $60,450
Annual cost of living: $59,403
Emergency fund for 3 months: $14,851
Emergency fund for 6 months: $29,701
Emergency fund for 12 months: $59,403
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Annual cost of living: $57,444
Emergency fund for 3 months: $14,361
Emergency fund for 6 months: $28,722
Emergency fund for 12 months: $57,444
Annual cost of living: $66,926
Emergency fund for 3 months: $16,732
Emergency fund for 6 months: $33,463
Emergency fund for 12 months: $66,926
Annual cost of living: $54,486
Emergency fund for 3 months: $13,622
Emergency fund for 6 months: $27,243
Emergency fund for 12 months: $54,486
That's Interesting:
Annual cost of living: $71,722
Emergency fund for 3 months: $17,930
Emergency fund for 6 months: $35,861
Emergency fund for 12 months: $71,722
Annual cost of living: $62,536
Emergency fund for 3 months: $15,634
Emergency fund for 6 months: $31,268
Emergency fund for 12 months: $62,536
Methodology: For this study, GOBankingRates analyzed each state to find the amount needed for an emergency fund. The cost of living was determined using data from Missouri Economic and Research Information Center, the Bureau of Labor Statistics Consumer Expenditure Survey, Zillow Home Value Index and the Federal Reserve. All data was collected on and is up to date as of April 21, 2025.
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This article originally appeared on Here's How Much Cash You Need Stashed To Survive a Recession in the Most Expensive States
