Ithaca Guaranteed Income (IGI)
Ithaca Guaranteed Income (IGI) was launched in 2022 by Mayor Svante Myrick.
110
participants
$450
monthly payment
1 Year
duration
$594,000
invested in community
| Pilot Features | |
|---|---|
| Number of Participants | 110 individuals |
| Median Household Income | $15,702 per year |
| Amount | $450 |
| Frequency | monthly |
| Program Dates | June 2022-May 2023 |
| Eligibility | Primary unpaid caregivers to children and aging or disabled adults that reside in Ithaca and have an income at or below 80% Area Median Income. |
About the Ithaca Guaranteed Income (IGI)
Even before COVID-19, income and wealth inequality were at historic highs and many people who were working multiple jobs couldn’t afford basic necessities. Ithaca Guaranteed Income (IGI) is a research pilot that asks the question: how does a guaranteed income effect the housing stability and overall wellness of our city's care-givers. Cash is the currency of urgency, and guaranteed income works more effectively when it’s direct and unconditional. Research tells us that recipients of direct cash assistance overwhelmingly use money on their basic needs: housing, utilities, food, and unexpected medical expenses or other financial emergencies that can undermine their health and well-being. People can be trusted to make their own financial choices. (Photo credit: Christian Phillips, courtesy of Sasaki)
Data last updated on 12/20/2022.
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Get demographic data (PDF)COMMUNITY FEATURES
$44,797
$38,000
Median household income
21.2%
20%
Poverty rate
37.3%
31%
Housing burden
31.2%
40%
Childcare cost burden
8.5%
8%
Unemployment rate
STOCKTON
STATE MEDIAN
Spending Breakdown
The data in this pie chart shows aggregate spending for guaranteed income participants in Ithaca, NY. This includes all non-cash expenditures from the participants' pre-paid debit card that is loaded with guaranteed income payments monthly.
Spending breakdown
Food and groceries accounted for the largest share of spending, at 33.57%, followed by Financial transactions (28.92%) and Retail sales and services (19.63%).
