The Cost of Living
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Transcript of The Cost of Living
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The Cost of Living
Seattle, Washington
By Olivia Evans & Emma Cooper
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Location
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Total Income and Post Tax• Olivia Evans• Occupation:
Kindergarten Teacher
• Initial Income: $40,000.00
• FICA: $3,060.00• Post-Tax:
$36,244.00• Total:$33,184.00
• Emma Cooper• Occupation:
Psychologist• Initial Income:
$45,000.00• FICA: $3,442.50• Post-Tax:
$39,900.00• Total:$36,457.50
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Savings (approx. 10%)
Emma:• Amt in savings in union Bank: $3000
1% interest = $30• Total Remaining Income:
$36,457.50 - $ 3,000 = $33,457.50
Olivia• Amt in savings in Union Bank: $3,000
1% interest = $30• Total Remaining Income:
$33,184.00 - $3,000 = $30,184.00
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Housing13445 Martin Luther King Jr. Way
S.Seattle, WA 98178
• Lease term: 1 year
• Deposit for 2: $400
• Living cost for 2: $950/month=$11,400/yr.
•Renters Insurance Cost for 2: $420/ yr. with State Farm
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Housing Information• 1,084 Square Feet• Apartment: o 2 bedroomso 2 bathroomso Fitness center/ poolo Washer/Dryero Fireplaceo House Cleaning
Service
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Remaining IncomeOlivia Evans$30,184.00 -
$200 (deposit) -$5700 (annually) -
210 (renter’s insurance)=
$24,074.00
Emma Cooper$33,457.50-
$200 (deposit) -$5700 (annually) -
210 (renter’s insurance) =
$27,347.50
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Healthcare Blue Cross of Washington
• Age 19-29: $93/month = $1,116 annually
• Deductable:$4000(medium deductable)
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Remaining IncomeOlivia Evans
• $24,074.00 - $1,116 (Healthcare)=
$22,958.00
Emma Cooper• $27,347.50 -
$1,116 (Healthcare)=
$26,231.50
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Transportation• Bus:Bus transportation is provided for free within the
main downtown corridor= $0.00/year• Walking:$0.00/year
• KitsapTransitFullFarePass:$50.00/month = $600/year
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Remaining IncomeOlivia Evans$22958 -
$600 (transportation)
= $22,358.00
Emma Cooper$26231.5-
$600 (transportation)
= $25,631.50
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Utilities• THE triple pack AT&T: Bundle TV +
Internet +Home Phone for 2: $89/month = $1,068/year
• Cell phones: AT&T ($39.99 per person per month) = $480/yr.
• Gas for 2= $30/mo.= $360/yr.
• Electricity for 2- $45/mo. = $540/yr.
• Water for 2= $25/mo. = $300/yr.
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Remaining IncomeOlivia Evans$22,358.00 –
$534 (The Triple Pack) –$480 (Cell-phones) –
$180 (Gas) – $270 (Electricity) –
$150 (Water) =
$20,744.00
Emma Cooper$25,631.50 –
$534 (The Triple Pack) – $480 (Cell-phones) –
$180 (Gas) – $270 (Electricity) –
$150 (Water) =
$24,017.50
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Food• Super Market
Groceries for 2: $600/mo. = $7,200/yr.
• Eating Out for 2: $200/mo. = $2,400/yr.
Food Total: $9,600 = $4,800 each
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Furniture• Television Set:
Samsung - 32" Class / 720p / 60Hz / LCD HDTV Model-LN32D450G1: $300 ($150 Each)
• Household Furniture: $800 ($400 Each)
Furniture Total: $1,100 = $550 each
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Remaining Income
Olivia Evans$20,744.00 –
$4,800.00 (Food) –$550 (Furniture) =
$15,394.00
Emma Cooper$24,017.50 –
$4,800.00 (Food) –$550 (Furniture) =
$18,667.50
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Extracurricular ActivitiesOlivia:
• Shopping- $3000• Vacation- 2 day stay in Vancouver: $718 (flight, food,
hotel)• Vacation: week in the BAHAMAS! $2000 (flight, hotel,
food) + $500 spending= $3500• Gym: free• Movies/ amusement parks/ musicals: $400
Emma:• Shopping- $3000• Vacation- 2 day stay in Vancouver: $718 (flight, food,
hotel)• Vacation: week in the BAHAMAS! $2000 (flight, hotel,
food) + $500 spending= $3500• Gym: free• Movies/ amusement parks/ musicals: $400
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CharitiesOlivia Evans
National Homeless Charity: $2000
St. Judes Hospital: $2000
Emma CooperAnimal Shelter: $3000Pink Ribbon: $2000
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Remaining IncomeOlivia Evans$15,394.00 –
$6,118 (extracurricular activities) -
$4,000 (charities)
=$5,276.00
Emma Cooper$18,667.50 –
$6,118 (extracurricular activities) –
$5,000 (charities)
=$7,549.50
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EndOlivia Evans
Savings $3000Housing cost $6110Healthcare $1116
Transportation $600Utilities: $1614Food: $4800
Furniture: $550Extracurricular activities:
$6118Charities: $4000
Remaining: $5,276
Emma CooperSavings $3000
Housing cost $6110Healthcare $1116
Transportation $600Utilities: $1614
Food $4800Furniture: $550
Extracurricular activities: $6118
Charities: $5000Remaining: $7,549.50
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Work Cited• Apartments for Rent | An Apartment Finder & Guide for Rentals - ForRent.com. Web. 07 June
2011. <http://www.forrent.com/?cmp=KNC->.• "AT&T Special Offers & Deals on TV, Internet, Home Phone and Wireless." AT&T | Cell
Phones, U-verse, Digital TV, DSL Internet, and Phone Service. Web. 07 June 2011. <http://www.att.com/shop/special-offers/>.
• "Bus - Transit - Transportation – Living in Seattle – Seattle.gov." Seattle.gov Home Page - The Official Web Site for the City of Seattle, Washington. City of Seattle. Web. 07 June 2011. <http://www.seattle.gov/html/citizen/bus.htm>.
• BYU Housing Services. Web. 07 June 2011. <http://housing.byu.edu>.• Collinson, Patrick. "Where Should I Invest My Money? | Money | The Guardian." Latest News,
Comment and Reviews from the Guardian | Guardian.co.uk. Web. 07 June 2011. <http://www.guardian.co.uk/money/2010/may/29/where-invest-money>.
• "Government Grants." IRS Tax Center - Free Online Tax Preparation, Tax Extension. Web. 07 June 2011. <http://www.irs.com/gov>.
• "How To Invest My Money: 4 Beginner Tips - Financial Web." Financial Web - The Independent Financial Portal. Web. 07 June 2011. <http://www.finweb.com/investing/how-to-invest-my-money-4-beginner-tips.html>.
• "Sound Transit Fare Change." Verisign Trusted. Web. 01 June 2011. <http://www.orcacard.com/ERG-Seattle//common/images/ORCA%20Product%20List.pdf>.