Thousands of Dayton-area people will get stimulus payment this week: Here’s where we rank

The IRS started sending out “stimulus” checks on Saturday, and soon tens of millions of dollars of rescue funds are expected to flow into the city of Dayton.

More than 97% of Dayton households are expected to receive a check, which puts the Gem City among the top five U.S. cities to benefit most from the federal government's direct payments in response to the coronavirus crisis, according to an analysis by SmartAsset.

The U.S. Treasury and the IRS expect tens of millions of Americans will receive their payments via direct deposit by Wednesday.

The agencies say about 80 million people will get the economic impact payments, sometimes called stimulus payments, this week.

Coronavirus: Complete Coverage by the Dayton Daily News

Congress recently approved $250 billion in direct payments to Americans during an unprecedented pandemic when millions of people have lost their jobs and many others have lost income or had their hours slashed.

Out of the 200 largest U.S. cities, Dayton ranked fifth in the nation for the share of households likely to receive payment, SmartAsset said.

ExploreCensus data shows that Dayton has about 57,704 households.

Almost 93% of those households are expected to receive the full economic impact payments, worth up to $1,200 for individuals and $2,400 for married couples, SmartAsset said.

Other Dayton households, with higher earners, are expected to qualify for reduced payments, bringing Dayton’s overall share of households receiving payments to 97.4%.

According to SmartAsset, the only cities that will benefit more from economic impact payments are Hialeah, Florida; Sunrise Manor, Nevada; Brownsville, Texas; and Toledo.

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Individuals who earn up to $75,000 annually and married couples who earn up to $150,000 will qualify for the full $1,200 economic impact payment.

The median individual income in Dayton is $21,835, while the median family income is $46,729, according to SmartAsset.

“Nationally, 80.48% of households would receive the full benefit amount, and 89.02% of households would receive some kind of benefit, even if reduced,” SmartAsset said.

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