THE COST OF

LIVING:

SAN DIEGO, CA

by: Allen Nguyen & Hope Xu

San Diego, CA

Total Income: Initial & Post-Tax

ALLEN Occupation: Computer

Scientist Initial Income: $60,000 FICA: $4,590 Post-Tax: $36,550 Total: $31,960

HOPE Occupation: Neurologist Initial Income: $60,000 FICA: $4,590 Post-Tax: $36,550 Total: $31,960

Savings (22% of Adjusted Income)

ALLEN Adjusted Income:

$31,960 22% of Adj. Income:

$7,031.20 Saving’s Account at Bank

of America: $6,131.20 0.10% (APY) Checking Account at

Bank of America: $900

HOPE Adjusted Income:

$31,960 22% of Adj. Income:

$7,031.20 Savings Account at Bank

of America: $6,131.20 0.10% (APY) Checking Account at

Bank of America: $900

Remaining Income

ALLEN $31,960

- $ 7,031.20 (savings)

= $24,928.80

HOPE $31,960

- $ 7,031.20 (savings)

= $24,928.80

Housing

4661 Meade Avenue City: San Diego Zip Code: 92115

We think we live here.

Housing Costs

Lease Term: 1 year Deposit: none Living Cost: $10,200 annually Renter’s Insurance Cost: $300 annually Size: 700 square feet 1 story apartment

2 bedrooms 1 bathroom 1 bath

Remaining Income

ALLEN $24,928.80

- $5,100 (annual cost)

- $150 (insurance)

= $19,678.80

HOPE $24,928.80

- $5,100 (annual cost)

- $150 (insurance)

= $19,678.80

Healthcare (BlueShield of California)

ALLEN $2,064 annually $97/month/per person Traditional Insurance

HSA – Vital Shield 900 High deductible health

plan 40% Coinsurance for in-

network services Individual coverage

HOPE $2,064 annually $97/month/per person Traditional Insurance

HSA – Vital Shield 900 High deductible health

plan 40% Coinsurance for in-

network services Individual coverage

Remaining Income

ALLEN $19,678.80

- $2,064 (healthcare)

= $17,614.80

HOPE $19,678.80

- $2,064 (healthcare)

= $17,614.80

Transportation

ALLEN Buy: $1,750 for Used

2001 Saturn SL Car Insurance: GEICO,

$414.24 annually, $34.52 on a monthly basis

Price of Gas per Gallon: $3.79 (Regular)

Roughly estimated 5 gallon usage: $18.95 a week

$985.40 a year for gas

HOPE Buy: $1,500 for Used 1977

Datsun 620 Car Insurance: GEICO,

$411.48 annually, $34.29 on a monthly basis

Price of Gas per Gallon: $3.79 (Regular)

Roughly estimated 5 gallon usage: $18.95 a week

$985.40 a year for gas

Remaining Income

ALLEN $17,614.80

- $1,750 (car)

- $414.24 (insurance)

- $985.40 (car)

= $14,465.16

HOPE $17,614.80

- $1,500 (car)

- $411.48 (insurance)

- $985.40 (car)

= $14,717.92

Utilities (Calculated on Annual Basis, Shared Cost)

Electricity & Gas: $720 Water: $600 Cell Phone: $720 per person Internet: $180 Trash: Free

Remaining Income

ALLEN $14,465.16

- $360 (electricity/gas)

- $300 (water)

- $720 (cell phone)

- $90 (internet)

= $12,995.16

HOPE $14,717.92

- $360 (electricity/gas)

- $300 (water)

- $720 (cell phone)

- $90 (internet)

= $13,247.92

Food & Furniture

ALLEN $7,300 Household Furniture:

$350 (split cost) Computer: $1,000 Household Supplies:

$125 (split cost)

HOPE $7,300 Household Furniture:

$350 (split cost) Computer: $1,000 Household Supplies:

$125 (split cost)

Remaining Income

ALLEN $12,995.16

- $7,300 (food)

- $350 (furniture)

- $1,000 (computer)

- $125 (household supplies)

= $4,220.16

HOPE $13,247.92

- $7,300 (food)

- $350 (furniture)

- $1,000 (computer)

- $125 (household supplies)

= $4,472.92

Extracurricular Activities

ALLEN Video Games: $150 Movies: $100 Clothing: $1,000 Vacation: $2,000 Church (offering): $130

HOPE Video Games: $150 Movies: $100 Clothing: $800 Vacation: $2,000 Church: $130

Remaining Income

ALLEN $4,220.16

- $150 (video games)

- $100 (movies)

- $1,000 (clothing)

- $2,000 (vacation)

- $130 (church)

= $840.16

HOPE $4,472.92

- $150 (video games)

- $100 (movies)

- $800 (clothing)

- $2,000 (vacation)

- $130 (church)

= $1,292.92

The End :]

ALLEN Savings: $7,031.20 Housing Costs: $5,250 Healthcare: $2,064 Transportation:

$3,149.64 Utilities: $1,470 Food/Furniture: $8,775 Extracurricular Activities:

$3,380 Remaining Income:

$840.16

HOPE Savings: $7,031.20 Housing Costs: $5,250 Healthcare: $2,064 Transportation:

$2,896.88 Utilities: $1,470 Food/Furniture: $8,775 Extracurricular Activities:

$3,180 Remaining Income:

$1,292.92

Works Cited Advertisement. Bank of America. Web. 03 June 2011. <

http://www.bankofamerica.com/deposits/checksave/index.cfm?template=cds_and_savings_accounts&context=&statecheck=CA&cd_bag=&sa_bag=&ch_bag=>.

Advertisement. Blue Shield Health Insurance. Web. 02 June 2011. <https://www.blueshieldca.com/bsc/findaplan/download/Vital_Shield_plans.pdf>.

Advertisement. Craigslist: San Diego Classifieds for Jobs, Apartments, Personals, for Sale, Services, Community, and Events. Web. 03 June 2011. <http://sandiego.craigslist.org/>.

Advertisement. Geico Auto Insurance. Web. 03 June 2011. <http://www.geico.com/>.

Advertisement. Yahoo! Autos. Web. 03 June 2011. <http://www.autos.yahoo.com/>.

Advertisement. Zillow - Real Estate, Homes for Sale, Home Prices & Values. Web. 03 June 2011. <http://www.zillow.com/>.

Other Information, including food, utilities, clothing, etc. were from our parents