The Cost of Living inGreen Bay, WI

By: Nkem Chukwumerije and Morgan Evertz

LocationGreen Bay, Wisconsin

Total IncomeMorgan EvertzOccupation: Elementary School NurseInitial Income: $55,000FICA: $7,600State and Federal Taxes: $8,057Adjusted Income: $39,343

Nkem ChukwumerijeOccupation: 3rd Grade TeacherInitial Income: $55,000FICA: $7,600State and Federal Taxes:$8,057Adjusted Income: $39,343

Savings(12% of adjusted income)

Morgan's Savings$4,720Checking account at Citizens Bank:$770 $50.00$5.95 Saving's account at Citizens Bank: $3,9500.10% (APY) $50.00=$105.95 from adjusted income Nkem's Savings

$4,720Checking account at Citizens Bank:$1,600 $50.00$5.95 Saving's account at Citizens Bank: $3,1200.10% (APY) $50.00=$105.95 from adjusted income

Remaining Income

Morgan$39,343-4285.95(savings)=$34,517.05

Nkem$39,343-4285.95(savings)=$34,517.05

Housing

Creekwood Apartments2764 Viking DriveGreen Bay, WI 543042 Bedroom Apartment

Monthly Rent: $500 total, $250 eachDeposit: First month's rent

Size: 698 Sq. FtState Farm Renters Insurance: $8-10 a month (Value of property + personal property value-

$10-20k)

Remaining Income

Morgan$34,517.05-$3,060(housing)=$31,457.05

Nkem$34,517.05-$3,060(housing)=$31,457.05

Healthcare

NkemCompany: CELTICPlan Type: PPODeductible: $5,000Coinsurance: 30%Copay: $30Monthly Cost: $63.08Cost per year: $756.96

MorganCompany: CELTICPlan Type: PPODeductible: $5,000Coinsurance: 30%Copay: $30Monthly Cost: $63.08Cost per year: $756.96

Remaining Income

Morgan$31,457.05-$756.96(healthcare)=$30,700.09

Nkem$31,457.05-$756.96(healthcare)=$30,700.09

Transportation

Morgan

$105

Nkem

$109

Bus pass- $35/Month$420 a year per person

Remaining Income

Morgan$30,700.09-$525(transportation)=$30,175.09

Nkem$30,700.09-$529(transportation)=$30,171.09

Utilities (annual basis and shared costs)

Electricity: $300

Heating: $425

Water: $108.44

Phone Service: $537.12

Cable/Internet Service: $587.50

=-1,985.06 in total cost of utilities

Remaining Income

Morgan$30,175.09-$1,985.06(utilities)=$28,190.03

Nkem$30,171.09-$1,985.06(utilities)=$28,186.03

FoodMorgan

-300 per month for groceries

-$100 per month for eating out

=-$4,800 per year

Nkem

-300 per month for groceries

-$100 per month for eating out

=-$4,800 per year

Morgan$28,190.03-$4,800(food)=$23,390.03

Nkem$28,186.03-$4,800(food)=$23,386.03

Remaining Income

Extracurricular ActivitiesMorganClothing:-$900Netflix Account: -$54.00Household Supplies: -$200A Television: -$74.99= -$1228.99 per year Nkem

Clothing: -$1,500Netflix Account: -$54.00

Household Supplies: -$200A Television: -$74.99

= -$1,828.99 per year

Remaining Income

Morgan$23,390.03-$1,228.99(extra)=$22,161.04

Nkem$23,386.03-$1,828.99(extra)=$21,557.04

EndMorganSavings: $4285.95Housing: $3,060Healthcare: $756.96Transportation: $525Utilities: $1,985.06Food: $4,800Extracurricular Activities: $1,228.99Remaining Income: $22,161.04

NkemSavings: $4285.95

Housing: $3,060Healthcare: $756.96Transportation: $529

Utilities: $1,985.06Food: $4,800

Extracurricular Activities: $1,828.99Remaining Income: $21,557.04