Post on 22-May-2015
The Cost of Living:St. Louis, Missouri
Annie LuDavid Lee
Initial Income & Post-Tax IncomeAnnie
· Occupation: Marketing manager
· Initial income: $45,000
· FICA: $3442.50
· Federal income tax: $5088
· State income tax: $1800
· Disposable income: $34,669.50
David
· Occupation: Assistant Manager
· Initial income: $40,000
· FICA: $3060
· Federal income tax: $4175
· State income tax: $1600
· Disposable income: $31,165
SavingAnnie
· 20% saving: $6,933.90
· Bank of America savings account: $5,000
· APY: 0.08
· Bank of America checking account: $1933.90
David
· 20% saving: $6,233
· Bank of America savings account: $5,000
· APY: 0.08
· Bank of America checking account: $1233
Housing
· 400 N. Fourth St.
· Gentry's Landing Apartment
· City: St. Louis, Missouri
· Zip Code: 63102
· 400 N. Fourth St.
· Gentry's Landing Apartment
· City: St. Louis, Missouri
· Zip Code: 63102
Housing (2) · Lease Term: month to month
· Monthly rent: $855
· Deposit: $200
· Living cost: $10,260
· Renter's insurance: $331 annually
· Size: 1,050 sq ft
· 2 bedroom apartment
· 2 baths
· gym & pool
· located in downtown St. Louis
· close to metro station
HealthcareAnnie
· Blue Cross Anthem
· $74.95 per month/$899.40 annually
· Plan type: PPO
· 30% Coinsurance after deductible
· Annual deductible: $2,500
· Individual coverage
David
· Blue Cross Anthem
· $74.95 per month/$899.40 annually
· Plan type: PPO
· 30% Coinsurance after deductible
· Annual deductible: $2,500
· Individual coverage
Transportation
· Lease for 1 year: $1902 per person
· Car Lease: Hyundai Elantra $317/month
· Car Insurance: Allstate, $1380 annually, $281 on a monthly basis
· Price of Gas Per Gallon: $3.49
· Roughly estimated 800 gallon usage: $2,792 a year
Utilities(Annual shared cost)
· Gas: $1,058.72
· Electricity: $63.09 per month - $63.09(12)=$757.08
· Water: 3 water closets + 2 baths + 2 showers=$93.56/3 months x 4=$374.24
· Phone & Internet: AT&T Home Phone, Internet & Wireless Bundle - $77.94(12)=$935.28
Food
Annie
· $80 per week for grocery shopping.
· $80 per week for restaurants.
· Annual cost: $8,320
David
· $60 per week for grocery shopping
· $80 per week for restaurants
· Annual cost: $7,280
Extracurricular Activities(Annual cost)
Annie
· Clothes, make up, and bags: $3000
· Travel, Vacations: $3000
· Movies: $150
· Electronics & Others: $500
Total: $6650
David
· Clothes: $1500
· Travel, Vacations: $3000
· Video Games: $500
· Movies: $150
Total: $5150
Remaining Income
Annie DavidInitial income $45,000
FICA $3,442.50
Federal income tax $5,088
State income tax $1,800
Saving (20%) $6,988.50
Housing $5,295.50
Healthcare $899.40
Transportation $3,988
Utilities $1,562.66
Food $8,230
Activities $6,650
Remaining income $1,055.44
Initial income $45,000
FICA $3,442.50
Federal income tax $5,088
State income tax $1,800
Saving (20%) $6,988.50
Housing $5,295.50
Healthcare $899.40
Transportation $3,988
Utilities $1,562.66
Food $8,230
Activities $6,650
Remaining income $1,055.44
Initial income $45,000
FICA $3,442.50
Federal income tax $5,088
State income tax $1,800
Saving (20%) $6,988.50
Housing $5,295.50
Healthcare $899.40
Transportation $3,988
Utilities $1,562.66
Food $8,230
Activities $6,650
Remaining income $1,055.44
Initial income $45,000
FICA $3,442.50
Federal income tax $5,088
State income tax $1,800
Saving (20%) $6,988.50
Housing $5,295.50
Healthcare $899.40
Transportation $3,988
Utilities $1,562.66
Food $8,230
Activities $6,650
Remaining income $1,055.44
Initial income $45,000
FICA $3,442.50
Federal income tax $5,088
State income tax $1,800
Saving (20%) $6,988.50
Housing $5,295.50
Healthcare $899.40
Transportation $3,988
Utilities $1,562.66
Food $8,230
Activities $6,650
Remaining income $1,055.44
Initial income $45,000
FICA $3,442.50
Federal income tax $5,088
State income tax $1,800
Saving (20%) $6,988.50
Housing $5,295.50
Healthcare $899.40
Transportation $3,988
Utilities $1,562.66
Food $8,230
Activities $6,650
Remaining income $1,055.44
Initial income $40,000
FICA $3,060
Federal income tax $4,175
State income tax $1,600
Saving (20%) $6,233
Housing $5,295.50
Healthcare $899.40
Transportation $3,988
Utilities $1,562.66
Food $7,280
Activities $5,150
Remaining income $759.44