These are the states with the highest 3-month cost of living

These are the states with the highest 3-month cost of livingThese are the states with the highest 3-month cost of livingLosing your job isnt fun.Shocking news there. But stuff happens. Whether it be your company downsizing, a program being cut, or maybe you overslept one too many times, people lose their jobs every day.So, in the event that you were to lose your source of income, how much should you have saved to survive in your state? We found out for you.States with the highest 3-month cost of livingHawaiiMarylandCaliforniaNew YorkAlaskaNew JerseyVirginiaMassachusettsWashingtonConnecticutUsing theMIT living wagecalculator, we gathered data to see how much you should have saved to survive three months of unemployment in each state.Summary of findingsHawaii is the most expensive state to survive in its paradise, you get what you pay forMaryland and Alaska are a couple of surprising entries in the top five most expensive statesThe least expensive group of states are ones youd probabl y expect Kentucky,South Dakota, andArkansasrank as the easiest ones to survive inAlthough it isnt a state,Washington, DCis the most expensive region to be unemployed in youll need to have nearly $7,000 saved to survive in the nations capital for three monthsHow we did itUsing MITs living wage calculator, we did some pretty simple math to put this study together.We divided each states annual average of food, housing, transportation, and other groups by 12. We then multiplied those numbers each by three to get the three-month average for each group.We left out medical expenses because we thought, if youre unemployed, unless youre on the verge of death, hospital visits probably arent at the top of your to-do list.Important note, all of our numbers are from the perspective of one adult living by him or herself. No spouses, no kids, just you. So this is how much you would need to have saved to live for three months in each state.Thisarticlefirst appeared onZippia.