The Cost of Living: Nashville, TN<br />Kevin Wan<br />Thomas Hsu<br />
Location<br />Nashville, TN<br />
Total Income: Thomas<br />Occupation: Computer programmer<br />Initial Income: $55,000<br />Post-tax: $38,050<br />FICA: $...
Total Income: Kevin<br />Occupation: Aerospace Engineer<br />Initial Income: $40,000<br />Post-tax: $26,467<br />FICA: $3,...
Housing<br />510 Gay St<br />City: Nashville<br />Zip Code: 37219<br />Located in city center<br />
Housing Costs<br /><ul><li>$850/month
$10,200 for an entire year
Month-to-month lease terms
2 bedrooms, 1 bathroom
Size: 850 square feet
1 story condo
Garage parking available
Utilities Included
Weight room included, on premises</li></li></ul><li>Remaining Income<br />Thomas<br />Kevin<br />$31,115.25<br />-$5,100 a...
Healthcare<br />Thomas<br /><ul><li>$1,488 Annually
$124.00/month
$2,500 Deductible Plans - L07P Plan
$2500 Deductible
Individual Coverage</li></ul>Kevin <br /><ul><li>$1,488 Annually
$124.00/month
$2,500 Deductible Plans - L07P Plan
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Cost of living: Nashville, TN (KW, TH)

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Cost of living: Nashville, TN (KW, TH)

  1. 1. The Cost of Living: Nashville, TN<br />Kevin Wan<br />Thomas Hsu<br />
  2. 2. Location<br />Nashville, TN<br />
  3. 3. Total Income: Thomas<br />Occupation: Computer programmer<br />Initial Income: $55,000<br />Post-tax: $38,050<br />FICA: $3,106<br />State tax: $2,664<br />Total Disposable Income: $31,115.25<br />
  4. 4. Total Income: Kevin<br />Occupation: Aerospace Engineer<br />Initial Income: $40,000<br />Post-tax: $26,467<br />FICA: $3,106<br />State tax: $1,764<br />Total Disposable Income: $21,597<br />
  5. 5. Housing<br />510 Gay St<br />City: Nashville<br />Zip Code: 37219<br />Located in city center<br />
  6. 6. Housing Costs<br /><ul><li>$850/month
  7. 7. $10,200 for an entire year
  8. 8. Month-to-month lease terms
  9. 9. 2 bedrooms, 1 bathroom
  10. 10. Size: 850 square feet
  11. 11. 1 story condo
  12. 12. Garage parking available
  13. 13. Utilities Included
  14. 14. Weight room included, on premises</li></li></ul><li>Remaining Income<br />Thomas<br />Kevin<br />$31,115.25<br />-$5,100 annual costs<br />$26,015.25<br />$21,597<br />-$5100 annual costs<br />$16,497<br />
  15. 15. Healthcare<br />Thomas<br /><ul><li>$1,488 Annually
  16. 16. $124.00/month
  17. 17. $2,500 Deductible Plans - L07P Plan
  18. 18. $2500 Deductible
  19. 19. Individual Coverage</li></ul>Kevin <br /><ul><li>$1,488 Annually
  20. 20. $124.00/month
  21. 21. $2,500 Deductible Plans - L07P Plan
  22. 22. $2500 Deductible
  23. 23. Individual Coverage</li></li></ul><li>Remaining Income<br />Thomas<br />Kevin<br />$26,015.25<br />-$1,488 annual costs<br />$24,527.25<br />$16,497<br />-$1,488 annual costs<br />$15,009<br />
  24. 24. Transportation<br />Central location -> walk most places<br />3 bus routes around Downtown Nashville free<br />Longer bus fares costs $1.60 for a single ride<br />Thomas:<br />$10/month<br />Kevin:<br />$10/month <br />
  25. 25. Remaining Income<br />Thomas<br />Kevin<br />$24,527.25<br />-$120 annual costs<br />$24,407.25<br />$15,009<br />-$120 annual costs<br />$14,889<br />
  26. 26. Utilities<br />Electricity: paid for by housing<br />Water: paid for by housing<br />Gas: paid for by housing<br />Cell phones: $60/month (each)<br />Internet: $87.50/month (shared)<br />
  27. 27. Remaining Income<br />Thomas<br />Kevin<br />$24,407.25<br />-$720 cell phone<br />$525 Internet<br />$23,162.25<br />$14,889<br />-$720 annual costs<br />$525 Internet<br />$13,644<br />
  28. 28. Food/Furniture<br />Thomas:<br /><ul><li>Groceries: $150/month</li></ul>Kevin:<br /><ul><li>Groceries: $150/month</li></ul>Shared:<br /><ul><li>42" Screen Plasma HDTV: $400
  29. 29. Furniture: $900
  30. 30. Household Tools: $100</li></li></ul><li>Remaining Income<br />Thomas<br />Kevin<br />$23,162.25<br />-$150 groceries<br />$200 HDTV<br />$450 furniture<br />$50 household tools<br />$22,312.25<br />$13,644<br />-$150 groceries<br />$200 HDTV<br />$450 furniture<br />$50 household tools<br />$12,794<br />
  31. 31. Extracurricular Activities<br />Thomas<br />Kevin<br />Clothes: $500/year<br />Tennis: $300/year<br />Computer: $1000<br />Video games: $150/year<br />Clothes: $500/year<br />Computer: $1000<br />Movies: $30/year<br />Video games: $150/year<br />
  32. 32. Remaining Income<br />Thomas<br />Kevin<br />$22,312.25<br />-$500 groceries<br />$300 tennis<br />$1000 computer<br />$150 video games<br />$20,322.25<br />$12,794<br />-$500 groceries<br />$1000 computer<br />$30 movies<br />$150 video games<br />$11,114<br />
  33. 33. Savings (30% of adjusted income)<br />Thomas<br />Kevin<br />$9,334<br />Savings account at Bank of America: $6,334<br />0.10% APY<br />Checking account at Bank of America: $3,000<br />$6,479<br />Savings account at Bank of America: $4,479<br />.10% APY<br />Checking account at Bank of America: $2,000<br />
  34. 34. Remaining Income<br />Thomas<br />Kevin<br />$20,322.25<br />-$9334 savings<br />$10,988<br />$11,114<br />-$6,479 savings<br />$4,635<br />
  35. 35. End<br />Thomas<br />Kevin<br />Housing: $5,100<br />Healthcare: $1,488<br />Transportation: $120<br />Utilities: $1,245<br />Food/Furniture: $850<br />Extracurricular: $1950<br />Savings: 9,334<br />Remaining inc: $10,988<br />Housing: $5,100<br />Healthcare: $1,488<br />Transportation: $120<br />Utilities: $1,245<br />Food/Furniture: $850<br />Extracurricular: $1680<br />Savings: 6,479<br />Remaining inc: $4,635<br />
  36. 36. Works Cited<br />Bank of America | Home | Personal. Web. 07 June 2011. <https://www.bankofamerica.com/>. The Bank Of America website was used to plan for our saving and checking accounts.<br />Health Insurance in Tennessee, BlueCross BlueShield of Tennessee. Web. 07 June 2011. <http://bcbst.com>. The Blue Shield/BlueCross website was useful in finding a health insurance plan.<br />Verizon.com. Web. 06 June 2011. <http://www.verizon.com>. We used the Verizon website to plan for our cell phone plans.<br />Welcome to IKEA.com. Web. 06 June 2011. <http://ikea.com>. We went to Ikea.com to get an idea of our furniture prices.<br />Zillow - Real Estate, Homes for Sale, Home Prices & Values. Web. 06 June 2011. <http://zillow.com>. We used this website to look up housing options.<br />

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