Here’s the Emergency Fund You Need To Survive a Recession in Your State
- - - Here’s the Emergency Fund You Need To Survive a Recession in Your State
T. WoodsJuly 11, 2025 at 7:10 AM
designer491 / Getty Images/iStockphoto
With the ups and downs, and stops and starts, of President Donald Trump’s controversial tariff policies, some economists have warned that an economic downturn is inevitable. Less clear, however, is whether or not such a downturn will lead to an actual recession — a downward economic spiral that lasts months and features large declines in employment and production. Should a recession hit, significant numbers of the American workforce could face job layoffs and terminations.
Check Out: Here’s How Much You Need To Earn To Be ‘Rich’ in Every State
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Whether or not an actual recession will be triggered in 2025, having an emergency fund is always a safe bet. That said, it pays to know how much you need to have in an emergency fund in your state. That’s why GOBankingRates recently devised a study to calculate just how much an emergency fund would carry citizens in each of the 50 states for three months, six months and 12 months total.
Worried that you don’t have enough set aside to survive in your state without a job? Hit the list to see how much you need in your emergency fund to survive a recession.
Alabama -
Annual cost of living: $39,278
Emergency fund for 3 months: $9,820
Emergency fund for 6 months: $19,639
Emergency fund for 12 months: $39,278
Find Out: Here’s the Line Between Middle Class and Upper-Middle Class in Every State
Also See: Median Salary of Americans Your Age in Every State
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Anfisa Tukane / Getty Images/iStockphotoAlaska -
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
Explore More: The Cheapest Place To Buy a Home in Every State
DenisTangneyJr / Getty Images/iStockphotoArizona -
Annual cost of living: $56,087
Emergency fund for 3 months: $14,022
Emergency fund for 6 months: $28,043
Emergency fund for 12 months: $56,087
RoschetzkyIstockPhoto / Getty Images/iStockphotoArkansas -
Annual cost of living: $37,609
Emergency fund for 3 months: $9,402
Emergency fund for 6 months: $18,805
Emergency fund for 12 months: $37,609
stellalevi / Getty ImagesCalifornia -
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
Colorado -
Annual cost of living: $64,558
Emergency fund for 3 months: $16,139
Emergency fund for 6 months: $32,279
Emergency fund for 12 months: $64,558
©ZillowConnecticut -
Annual cost of living: $59,423
Emergency fund for 3 months: $14,856
Emergency fund for 6 months: $29,712
Emergency fund for 12 months: $59,423
Discover More: The Money You Need To Save Monthly To Retire Comfortably in Every State
Holzman Moss Bottino Architecture / Wikimedia CommonsDelaware -
Annual cost of living: $53,343
Emergency fund for 3 months: $13,336
Emergency fund for 6 months: $26,671
Emergency fund for 12 months: $53,343
aimintang / iStock.comFlorida -
Annual cost of living: $53,687
Emergency fund for 3 months: $13,422
Emergency fund for 6 months: $26,843
Emergency fund for 12 months: $53,687
Jacob Boomsma / Getty Images/iStockphotoGeorgia -
Annual cost of living: $47,888
Emergency fund for 3 months: $11,972
Emergency fund for 6 months: $23,944
Emergency fund for 12 months: $47,888
©iStock.comHawaii -
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
Kirk Fisher / Getty ImagesIdaho -
Annual cost of living: $57,919
Emergency fund for 3 months: $14,480
Emergency fund for 6 months: $28,960
Emergency fund for 12 months: $57,919
See More: How Much House Does $300K, $400K and $500K Buy You in Every State?
pabradyphoto / iStock.comIllinois -
Annual cost of living: $44,778
Emergency fund for 3 months: $11,195
Emergency fund for 6 months: $22,389
Emergency fund for 12 months: $44,778
Ultima_Gaina / Getty Images/iStockphotoIndiana -
Annual cost of living: $41,373
Emergency fund for 3 months: $10,343
Emergency fund for 6 months: $20,687
Emergency fund for 12 months: $41,373
Wirestock / Getty Images/iStockphotoIowa -
Annual cost of living: $39,889
Emergency fund for 3 months: $9,972
Emergency fund for 6 months: $19,945
Emergency fund for 12 months: $39,889
Oleksii Liskonih / Getty Images/iStockphotoKansas -
Annual cost of living: $39,916
Emergency fund for 3 months: $9,979
Emergency fund for 6 months: $19,958
Emergency fund for 12 months: $39,916
©ZillowKentucky -
Annual cost of living: $39,938
Emergency fund for 3 months: $9,985
Emergency fund for 6 months: $19,969
Emergency fund for 12 months: $39,938
Read More: How Long $2 Million in Retirement Will Last in Every State
Larry Gibson / iStock.comLouisiana -
Annual cost of living: $37,550
Emergency fund for 3 months: $9,388
Emergency fund for 6 months: $18,775
Emergency fund for 12 months: $37,550
Photo Italia LLC / Getty Images/iStockphotoMaine -
Annual cost of living: $55,360
Emergency fund for 3 months: $13,840
Emergency fund for 6 months: $27,680
Emergency fund for 12 months: $55,360
DenisTangneyJr / Getty Images/iStockphotoMaryland -
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
APCortizasJr / Getty ImagesMassachusetts -
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
©iStock.comMichigan -
Annual cost of living: $41,579
Emergency fund for 3 months: $10,395
Emergency fund for 6 months: $20,789
Emergency fund for 12 months: $41,579
Find More: How Much Money Is Needed To Be Considered Middle Class in Every State?
Jacob Boomsma / Getty Images/iStockphotoMinnesota -
Annual cost of living: $49,462
Emergency fund for 3 months: $12,365
Emergency fund for 6 months: $24,731
Emergency fund for 12 months: $49,462
©iStock.comMississippi -
Annual cost of living: $36,351
Emergency fund for 3 months: $9,088
Emergency fund for 6 months: $18,176
Emergency fund for 12 months: $36,351
Art Wager / iStock.comMissouri -
Annual cost of living: $41,219
Emergency fund for 3 months: $10,305
Emergency fund for 6 months: $20,610
Emergency fund for 12 months: $41,219
Montana -
Annual cost of living: $57,517
Emergency fund for 3 months: $14,379
Emergency fund for 6 months: $28,759
Emergency fund for 12 months: $57,517
marekuliasz / iStock.comNebraska -
Annual cost of living: $42,993
Emergency fund for 3 months: $10,748
Emergency fund for 6 months: $21,496
Emergency fund for 12 months: $42,993
Also Read: How Paychecks Would Look in Each State If Trump Dropped Federal Income Tax
DenisTangneyJr / Getty ImagesNevada -
Annual cost of living: $58,665
Emergency fund for 3 months: $14,666
Emergency fund for 6 months: $29,333
Emergency fund for 12 months: $58,665
DenisTangneyJr / Getty ImagesNew Hampshire -
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
DenisTangneyJr / Getty Images/iStockphotoNew Jersey -
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
ElFlacodelNorte / Getty Images/iStockphotoNew Mexico -
Annual cost of living: $45,368
Emergency fund for 3 months: $11,342
Emergency fund for 6 months: $22,684
Emergency fund for 12 months: $45,368
FilippoBacci / Getty Images/iStockphotoNew York -
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
Also See: How Far $1.5 Million in Retirement Savings Plus Social Security Goes in Every State
North Carolina -
Annual cost of living: $48,054
Emergency fund for 3 months: $12,014
Emergency fund for 6 months: $24,027
Emergency fund for 12 months: $48,054
Guy RD / Shutterstock.comNorth Dakota -
Annual cost of living: $43,844
Emergency fund for 3 months: $10,961
Emergency fund for 6 months: $21,922
Emergency fund for 12 months: $43,844
Sean Pavone / Getty Images/iStockphotoOhio -
Annual cost of living: $40,788
Emergency fund for 3 months: $10,197
Emergency fund for 6 months: $20,394
Emergency fund for 12 months: $40,788
DenisTangneyJr / iStock.comOklahoma -
Annual cost of living: $38,398
Emergency fund for 3 months: $9,599
Emergency fund for 6 months: $19,199
Emergency fund for 12 months: $38,398
Strekoza2 / Getty Images/iStockphotoOregon -
Annual cost of living: $62,701
Emergency fund for 3 months: $15,675
Emergency fund for 6 months: $31,351
Emergency fund for 12 months: $62,701
Check Out: The Living Wage a Family of Four Needs in All 50 States
Wirestock / Getty Images/iStockphotoPennsylvania -
Annual cost of living: $44,255
Emergency fund for 3 months: $11,064
Emergency fund for 6 months: $22,128
Emergency fund for 12 months: $44,255
DenisTangneyJr / Getty Images/iStockphotoRhode Island -
Annual cost of living: $61,901
Emergency fund for 3 months: $15,475
Emergency fund for 6 months: $30,950
Emergency fund for 12 months: $61,901
omersukrugoksu / Getty Images/iStockphotoSouth Carolina -
Annual cost of living: $45,362
Emergency fund for 3 months: $11,341
Emergency fund for 6 months: $22,681
Emergency fund for 12 months: $45,362
DenisTangneyJr / Getty Images/iStockphotoSouth Dakota -
Annual cost of living: $45,859
Emergency fund for 3 months: $11,465
Emergency fund for 6 months: $22,929
Emergency fund for 12 months: $45,859
Jonathan Ross / Getty Images/iStockphotoTennessee -
Annual cost of living: $45,776
Emergency fund for 3 months: $11,444
Emergency fund for 6 months: $22,888
Emergency fund for 12 months: $45,776
Find Out: How Much You Need To Earn To Be Upper Middle Class in Every State
f11photo / Getty Images/iStockphotoTexas -
Annual cost of living: $45,505
Emergency fund for 3 months: $11,376
Emergency fund for 6 months: $22,752
Emergency fund for 12 months: $45,505
©ZillowUtah -
Annual cost of living: $62,806
Emergency fund for 3 months: $15,701
Emergency fund for 6 months: $31,403
Emergency fund for 12 months: $62,806
marchello74 / iStock.comVermont -
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
ferrantraite / Getty ImagesVirginia -
Annual cost of living: $53,677
Emergency fund for 3 months: $13,419
Emergency fund for 6 months: $26,839
Emergency fund for 12 months: $53,677
Explore More: Here’s the Cost of Living in Every State
Washington -
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
ablokhin / iStock.comWest Virginia -
Annual cost of living: $35,406
Emergency fund for 3 months: $8,852
Emergency fund for 6 months: $17,703
Emergency fund for 12 months: $35406
Ultima_Gaina / Getty ImagesWisconsin -
Annual cost of living: $47,618
Emergency fund for 3 months: $11,905
Emergency fund for 6 months: $23,809
Emergency fund for 12 months: $47,618
Ingo Dörenberg / iStock.comWyoming -
Annual cost of living: $49,340
Emergency fund for 3 months: $12,335
Emergency fund for 6 months: $24,670
Emergency fund for 12 months: $49,340
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 GOBankingRates.com: Here’s the Emergency Fund You Need To Survive a Recession in Your State
Source: AOL Money
