Supplemental Nutrition Assistance Program (SNAP) benefits are set to increase this week, thanks to the Cost of Living Adjustment (COLA). This adjustment impacts the maximum allotments for individuals receiving SNAP, commonly known as food stamps, and will be in effect from October 1, 2024, through September 30, 2025.
The updated maximum SNAP allotments are as follows:
– 1-person household: $292
– 2-person household: $536
– 3-person household: $768
– 4-person household: $975
– 5-person household: $1,158
– 6-person household: $1,390
– 7-person household: $1,536
– 8-person household: $1,756
For each additional person, $220 will be added to the monthly total. Residents of Alaska, Hawaii, the Virgin Islands, and Guam receive higher benefits due to the elevated cost of food in those regions.
Eligibility for SNAP is determined based on household income and assets, with guidelines adjusted annually.
In 2023, 42.1 million people (approximately 12.6% of the U.S. population) benefitted from SNAP each month, with an average monthly benefit of $211.93. Participation rates vary by state, ranging from 4.6% in Utah to 23.1% in New Mexico. In Alabama, 15.2% of the population receives SNAP benefits.
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