Classen Rafael / EyeEm/Getty Images

Spoiler alert! Many are right in our neck of the woods.

Perri Ormont Blumberg
May 10, 2018

No surprises here: Saving money for an emergency fund can be tough. As independent financial comparison site Bankrate.com found in a 2018 survey, only 39% of Americans have enough money to pay for a $1,000 unexpected expense. Yikes!

Of course, some cities are easier to save money in than others, so Bankrate took a look at financial data to determine the easiest and hardest cities for doing just that. "We added up six months’ worth of necessary living expenses for each of the largest 50 American cities — things like mortgage payments, groceries, energy bills, credit card payments, various insurances, taxes and more — to arrive at an estimated emergency fund for each city," they explained in a recent blog post. They also took the average after-tax earnings of each city in the review and subtracted annual estimated essential expenses to get a potential savings amount. In addition, analysts determined how far that potential savings amount helps you get towards your saving goal, represented as a percent.

WATCH: 5 Money-Saving Tips For A Trip To Disney World

In first place for the city where potential savings go the furthest? Kansas City, Missouri with an annual savings potential of $12,191 and a six-month emergency fund of $19,443. The top 10 list also included Memphis in third, St. Louis in fifth, the Baltimore-Columbia-Towson district in Maryland in sixth, Raleigh in ninth, and Oklahoma City in tenth.

If you're ready to join the ranks of high-saving Southerners check out 9 Habits of Southerners who are good at saving money.