Yes, that is objectively a lot of money. The only people who wouldn't consider that a lot of money are the small percentage of people with incomes high enough to recover that very quickly -- the top roughly 10% or 20% of income earners in the US. For more or less everyone else, that is a lot of money.

And by a lot of money, I mean that being forced to unexpectedly spend that would be anywhere from stressful to very stressful to blowing away savings and impacting health, housing, and safety. (Remember, half the US has no savings and/or no ability to absorb an unexpected expense greater than $500.)