{"id":429411,"date":"2025-12-06T19:14:58","date_gmt":"2025-12-06T19:14:58","guid":{"rendered":"https:\/\/www.europesays.com\/us\/429411\/"},"modified":"2025-12-06T19:14:58","modified_gmt":"2025-12-06T19:14:58","slug":"heres-how-much-money-new-yorkers-need-in-a-3-month-emergency-fund-to-cover-the-cost-of-essentials","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/429411\/","title":{"rendered":"Here&#8217;s how much money New Yorkers need in a 3-month emergency fund to cover the cost of essentials"},"content":{"rendered":"<p>Amid widespread layoffs, many New Yorkers are trying to siphon any extra money into emergency funds to cover them through a potential period of unemployment. <\/p>\n<p>Now, a new analysis from <a href=\"https:\/\/www.gobankingrates.com\/saving-money\/savings-advice\/the-minimum-emergency-savings-needed-in-every-state\/\" target=\"_blank\" rel=\"noopener\">GOBankingRates<\/a> reveals how much cash Empire State residents should have saved to cover 3 months of expenses.  <\/p>\n<p>The company calculated the amount spent on \u201cnecessities\u201d in New York based on the 2023 Consumer Expenditure Study compiled by the Bureau of Labor Statistics. They defined necessities as \u201cgroceries, shelter, utilities, fuel and public services.\u201d<\/p>\n<p><img style=\"aspect-ratio:1.49926794;display:block\" loading=\"lazy\" decoding=\"async\" data-modal-image=\"37860969\" width=\"885\" height=\"590\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/12\/people-walk-near-world-trade-116835306.jpg\" alt=\"People walk near the World Trade Center in New York City.\" class=\"wp-image-37860969\"  \/>New Yorkers need a substantial amount saved in an emergency fund to cover 3 months worth of essentials, new analysis has found. REUTERS<\/p>\n<p>It turns out New Yorkers need a total of $12,158 to carry them through 3 months, per the report. <\/p>\n<p>However, given that GOBankingRates used 2023 data, that number is now likely to be a little higher. <\/p>\n<p>The company also looked at the 3-month fund amounts needed in all states, determining that New York had the fourth-highest figure overall. <\/p>\n<p>Only residents of Massachusetts (\u00a0$13,723 for 3 months), California ($13,830) and Hawaii  ($17,980) needed more money in their funds, based on the cost of essentials in each state. <\/p>\n<p><img style=\"aspect-ratio:1.50588235;display:block\" loading=\"lazy\" decoding=\"async\" data-modal-image=\"37860968\" width=\"888\" height=\"590\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/12\/business-theme-stack-money-116659379_051542.jpg\" alt=\"Stack of hundred dollar bills.\" class=\"wp-image-37860968\"  \/>It turns out New Yorkers need a total of $12,158 to carry them through 3 months, per the report.  Volodymyr Shevchuk \u2013 stock.adobe.com<\/p>\n<p>Meanwhile, New Jersey residents require $11,186 in their 3-month emergency funds, while those in Connecticut should have $10,953. <\/p>\n<p>Conversely, Oklahoma has the lowest overall costs for necessities, with residents there needing just $8,358 to cover a 3-month emergency. <\/p>\n<p>The complete state-by-state list <a href=\"https:\/\/www.gobankingrates.com\/saving-money\/savings-advice\/the-minimum-emergency-savings-needed-in-every-state\/\" target=\"_blank\" rel=\"noopener\">can be found here.<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"Amid widespread layoffs, many New Yorkers are trying to siphon any extra money into emergency funds to cover&hellip;\n","protected":false},"author":3,"featured_media":429412,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,3534,15876,1165,405,403,5226,5225,5228,5227,6763,67,586,132,5230,68,2969],"class_list":{"0":"post-429411","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-emergency","10":"tag-layoffs","11":"tag-lifestyle","12":"tag-new-york","13":"tag-new-york-city","14":"tag-newyork","15":"tag-newyorkcity","16":"tag-ny","17":"tag-nyc","18":"tag-savings","19":"tag-united-states","20":"tag-united-states-of-america","21":"tag-unitedstates","22":"tag-unitedstatesofamerica","23":"tag-us","24":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115674227236215136","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/429411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=429411"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/429411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/429412"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=429411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=429411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=429411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}