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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