Stimulus Checks: 7 States Where the Payments Helped the Least
05/01/2020 11:09 am EDT
Massachusetts
In Massachusetts, the average payout of $1, 897 only covered 66 percent of people's monthly bills, calculated by Ownerly to be about $2,880. The state's unemployment rate is significantly lower than the 4.4 percent national rate, however, with the U.S. Bureau of Labor Statistics calculating only a 2.9 percent unemployment rate in the last full month.
California
In California, the average payout of $2,206 only covered 71 percent of a person's monthly bills, calculated by Ownerly to be about $3,116. The state's unemployment rate is much higher than the 4.4 percent national rate, with the U.S. Bureau of Labor Statistics reporting a 5.3 percent unemployment rate in March.
Hawaii
In Hawaii, the average payout of $2,189 only covered 74 percent of a person's monthly bills, calculated by Ownerly to be about $2,847 While the island state is known for a high cost of living, its unemployment rate is significantly below the national rate at 2.6 percent over the last full month, according to the U.S. Bureau of Labor Statistics.
New York
New York may be the epicenter of the coronavirus pandemic, but the average payout of $2,121 also only covered 74 percent of an individual's monthly bills, calculated by Ownerly to be about $2,948. The state's unemployment rate isn't far off the national rate, with the U.S. Bureau of Labor Statistics reporting a 4.5 percent unemployment rate in March.
New Jersey
Not far off geographically from New York, New Jersey is in a similar economic position when it comes to stimulus payments. In New Jersey, the average payout of $1,931 also only covered 75 percent of a person's monthly bills, calculated by Ownerly to be about $2,586. The state's unemployment rate is lower, however, with the U.S. Bureau of Labor Statistics reporting a 3.8 percent unemployment rate in March.
Washington
Back on the west coast, Washington's average payout of $1,946 covered 82 percent of a person's monthly bills, calculated by Ownerly to be about $2,373. The state's unemployment rate skyrocketed amid the coronavirus pandemic, however, with the U.S. Bureau of Labor Statistics reporting a 5.1 percent unemployment rate in March.
Maryland
In New England, Maryland's average payout of $1,918 covered 84 percent of a person's monthly bills, calculated by Ownerly to be about $2,279. The state's unemployment rate remained somewhat steady in March, despite the coronavirus pandemic, however, with the U.S. Bureau of Labor Statistics reporting a 3.3 percent unemployment rate in the last full month.
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