Best and Worst States for Savings Account Balances... Did this surprise you?

Added: 2026-05-22

[00:00:00]Here are the deposit account balances by states. Now, these are medians. And this includes checking accounts, savings accounts, and money market funds. And you can see that the bottom of this list is actually kind of scary because if you have only, let's say, 2500 or $5,500 in your savings account and you run into an emergency. That can be kind of bad because you might have to put it on a credit card or worse, you might go broke. Now, the silver lining here is that these are medians. So, half the households are going to be above this number. And in these states, your money is going to go a lot further as well. So if you're trying to build emergency fund, at least your money is going to go further. Here are the top 10 states. You can see that Hawaii has $37,000 as a median, which is almost 15 times Mississippi from our previous slide, but for most part for the most part, most of these states are between 15K and 22K.

[00:00:47]Now 15 to 22K, I think, is really reasonable. I think you can achieve that with consistent savings. But what's really interesting to me is that Hawaii seems like an outlier here because everything is just so expensive in that darn state. In a future video, I plan to cover exactly how much you should have in your savings account. So, if you'd like to see that video, make sure to follow me for more. But for now, let me know what your thoughts are on this video. Was this more or less than you