The Cost of Living

Seattle, Washington

By Olivia Evans & Emma Cooper

Location

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

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

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

Housing Information• 1,084 Square Feet• Apartment: o 2 bedroomso 2 bathroomso Fitness center/ poolo Washer/Dryero Fireplaceo House Cleaning

Service

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

Healthcare Blue Cross of Washington

• Age 19-29: $93/month = $1,116 annually

• Deductable:$4000(medium deductable)

Remaining IncomeOlivia Evans

• $24,074.00 - $1,116 (Healthcare)=

$22,958.00

Emma Cooper• $27,347.50 -

$1,116 (Healthcare)=

$26,231.50

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

Remaining IncomeOlivia Evans$22958 -

$600 (transportation)

= $22,358.00

Emma Cooper$26231.5-

$600 (transportation)

= $25,631.50

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.

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

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

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

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

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

CharitiesOlivia Evans

National Homeless Charity: $2000

St. Judes Hospital: $2000

Emma CooperAnimal Shelter: $3000Pink Ribbon: $2000

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

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

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>.