Food Stamps by Household: How Much the 2023 COLA Boosted Monthly SNAP Benefits

©Shutterstock.com

Americans who depend on Supplemental Nutrition Assistance Program (SNAP) benefits to buy food have had a rough go of it in 2022 due to soaring prices for everything from eggs and bacon to veggies and cereal.

Explore: GOBankingRates’ Best Credit Cards for 2023
Retirement at Any Age: Get Retirement Tips That Fit Every Stage of Life

In September 2022, food-at-home prices rose 13% year-over-year — much higher than the overall inflation rate of 8.2%, according to the Bureau of Labor Statistics. Monthly price gains for food have outpaced the overall inflation rate in at least six of the last seven months.

The good news is, every year SNAP benefits are adjusted for inflation, and beneficiaries will get a 12.5% cost-of-living adjustment (COLA) for fiscal year 2023. The COLA kicked in on Oct. 1, 2022, and will run through Sept. 30, 2023.

SNAP, formerly known as food stamps, is a federal program that provides food-purchasing assistance to low-income households. It is overseen by the U.S. Department of Agriculture but administered at the state level. The USDA announced the fiscal 2023 COLA in August.

If you’re wondering how the COLA translates into dollars — specifically, how much more money you’ll get each month in fiscal 2023 vs. fiscal year 2022 — the USDA has a webpage that provides COLA information broken down by year.

Make Your Money Work for You

Included on the page are links to maximum monthly allotments by household size for the 48 contiguous states and the District of Columbia, as well as Alaska, Hawaii, Guam and the U.S. Virgin Islands.

Here’s a look at the maximum allotments by household size for fiscal 2023 vs. fiscal 2022 for SNAP recipients in the 48 contiguous states and D.C.:

Household size of 1 person

  • Oct. 1, 2021- Sept. 30, 2022 – $250
  • Oct. 1, 2022- Sept. 30, 2023 – $281

Household size of 2 people

  • Oct. 1, 2021- Sept. 30, 2022 – $459
  • Oct. 1, 2022- Sept. 30, 2023 – $516

Household size of 3

  • Oct. 1, 2021- Sept. 30, 2022 – $658
  • Oct. 1, 2022- Sept. 30, 2023 – $740

Household size of 4

  • Oct. 1, 2021- Sept. 30, 2022 – $835
  • Oct. 1, 2022- Sept. 30, 2023 – $939

Take Our Poll: How Long Do You Think It Will Take You To Pay Off Your Credit Card Debt?

Household size of 5

  • Oct. 1, 2021- Sept. 30, 2022 – $992
  • Oct. 1, 2022- Sept. 30, 2023 – $1,116

Household size of 6

  • Oct. 1, 2021- Sept. 30, 2022 – $1,190
  • Oct. 1, 2022- Sept. 30, 2023 – $1,339

Household size of 7

  • Oct. 1, 2021- Sept. 30, 2022 – $1,316
  • Oct. 1, 2022- Sept. 30, 2023 – $1,480

Household size of 8

  • Oct. 1, 2021- Sept. 30, 2022 – $1,504
  • Oct. 1, 2022- Sept. 30, 2023 – $1,691

Benefits for each additional person for households of 9 or more

  • Oct. 1, 2021- Sept. 30, 2022 – $188
  • Oct. 1, 2022- Sept. 30, 2023 – $211
Make Your Money Work for You

Alaska and Hawaii have different benefit amounts because their costs of living are so much higher than the rest of the country. These two states also have different SNAP benefits for urban residents and two categories of rural residents. To find out their maximum allotments for fiscal 2023, visit this USDA page.

More From GOBankingRates

Share This Article:

Make Your Money Work for You

About the Author

Vance Cariaga is a London-based writer, editor and journalist who previously held staff positions at Investor’s Business Daily, The Charlotte Business Journal and The Charlotte Observer. His work also appeared in Charlotte Magazine, Street & Smith’s Sports Business Journal and Business North Carolina magazine. He holds a B.A. in English from Appalachian State University and studied journalism at the University of South Carolina. His reporting earned awards from the North Carolina Press Association, the Green Eyeshade Awards and AlterNet. In addition to journalism, he has worked in banking, accounting and restaurant management. A native of North Carolina who also writes fiction, Vance’s short story, “Saint Christopher,” placed second in the 2019 Writer’s Digest Short Short Story Competition. Two of his short stories appear in With One Eye on the Cows, an anthology published by Ad Hoc Fiction in 2019. His debut novel, Voodoo Hideaway, was published in 2021 by Atmosphere Press.
Learn More