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The Cost of Living

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  • 1. The Cost of Living
    Seattle, Washington
    By Olivia Evans & Emma Cooper
  • 2. Location
  • 3. 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
    • 4. Occupation: Psychologist
    • 5. Initial Income: $45,000.00
    • 6. FICA: $3,442.50
    • 7. Post-Tax: $39,900.00
    • 8. Total: $36,457.50
  • Savings (approx. 10%)
    Olivia
    • Amt in savings in Union Bank: $3,000
    1% interest = $30
    • Total Remaining Income:
    $33,184.00 - $3,000 = $30,184.00
    Emma:
    Amt in savings in union Bank: $3000
    1% interest = $30
    Total Remaining Income:
    $36,457.50 - $ 3,000 = $33,457.50
  • 9. Housing
    13445 Martin Luther King Jr. Way S.
    Seattle, WA 98178
    • Lease term: 1 year
    • 10. Deposit for 2: $400
    • 11. Living cost for 2: $950/month=$11,400/yr.
    • 12. Renters Insurance Cost for 2: $420/ yr. with State Farm
  • Housing Information
    1,084 Square Feet
    Apartment:
  • Remaining Income
    Olivia 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
  • 18. Healthcare Blue Cross of Washington
    Age 19-29: $93/month = $1,116 annually
    Deductable:
    $4000
    (medium deductable)
  • 19. Remaining Income
    Olivia Evans
    $24,074.00 -
    $1,116 (Healthcare)=
    $22,958.00
    Emma Cooper
    $27,347.50 -
    $1,116 (Healthcare)=
    $26,231.50
  • 20. Transportation
    Bus: Bus transportation is provided for free within the main downtown corridor= $0.00/year
    Walking: $0.00/year
    Kitsap Transit Full Fare Pass: $50.00/month = $600/year
  • 21. Remaining Income
    Olivia Evans
    $22958 -
    $600 (transportation)
    = $22,358.00
    Emma Cooper
    $26231.5-
    $600 (transportation)
    = $25,631.50
  • 22. 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.
  • 23. Remaining Income
    Emma Cooper
    $25,631.50 –
    $534 (The Triple Pack) –
    $480 (Cell-phones) –
    $180 (Gas) –
    $270 (Electricity) –
    $150 (Water) =
    $24,017.50
    Olivia Evans
    $22,358.00 –
    $534 (The Triple Pack) –
    $480 (Cell-phones) –
    $180 (Gas) –
    $270 (Electricity) –
    $150 (Water) =
    $20,744.00
  • 24. 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
  • 25. Furniture
    Television Set: Samsung - 32" Class / 720p / 60Hz / LCD HDTVModel-LN32D450G1: $300 ($150 Each)
    Household Furniture: $800 ($400 Each)Furniture Total: $1,100 = $550 each
  • 26. 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
  • 27. Extracurricular Activities
    Olivia:
    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
  • 28. Charities
    Olivia Evans
    Emma Cooper
    National Homeless Charity: $2000
    St. JudesHospital: $2000
    Animal Shelter: $3000
    Pink Ribbon: $2000
  • 29. Remaining Income
    Olivia 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
  • 30. End
    Olivia Evans
    Emma Cooper
    Savings $3000
    Housing cost $6110
    Healthcare $1116
    Transportation $600
    Utilities: $1614
    Food: $4800
    Furniture: $550
    Extracurricular activities: $6118
    Charities: $4000
    Remaining: $5,276
    Savings $3000
    Housing cost $6110
    Healthcare $1116
    Transportation $600
    Utilities: $1614
    Food $4800
    Furniture: $550
    Extracurricular activities: $6118
    Charities: $5000
    Remaining: $7,549.50
  • 31. 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>.