Part of the $2 trillion Federal government stimulus package passed earlier this month includes direct payments to individuals and families to help pull the economy out of its funk.
Concerns about coronavirus and COVID-19 have led Virginia and most other states to shut down non-essential businesses that cannot maintain social distancing measures. Virginia's Gov. Ralph Northam closed schools for the remainder of the school year and issued a stay-at-home order through June 10. With millions of people out of work, the stimulus checks are meant to help prop up the economy and help individuals pay for critical needs like food and housing.
In Alexandria and other areas where median incomes are high, few people are likely to receive the maximum allowable funds from the government. The City of Alexandria, Arlington County and Washington, D.C. are all on the list of where the fewest people will receive the full stimulus. That's because the average median family household income in the region is almost $133,000.
Nationwide, 80.48% of households may receive the full benefit amount, and 89.02% of households may receive some kind of benefit, even if reduced, according to SmartAsset.
SmartAsset estimates that full stimulus check would go to just 49.57% of households in the City of Alexandria, and 65.92% would get some level of stimulus check.
The full check of $1,200 would be sent to individuals with an adjusted gross income (AGI) of up to $75,000 and a reduced benefit would be sent to individuals earning up to $99,000, at which point it phases out completely.
For married couples without children, the full benefit of $2,400 would go to couples earning a combined amount of less than $150,000, and a reduced benefit would phase out completely at a combined income of $198,000. For those with children, there is also an additional $500 payment per child.
On the other end of the spectrum, SmartAsset predicts that more than 94% of residents in the following cities would get the full benefit: Brownsville, Texas; Hilleah, Florida; Toledo, Ohio; and Sunrise Manor, Nevada.
For more on this study, visit SmartAsset.com.
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