Chicago Powerpoint

COST OF LIVING IN CHICAGO, ILLINOIS

Raha BaghbanianAngela Dinh

INITIAL AND POST-TAX INCOMES

RAHA Occupation: Pharmacist Initial Income: $60,000 FICA: $3,360 Post-tax: $48,473.76 Total: $45,113.76

ANGELA Occupation: Dermatologist Initial Income: $55,000 FICA: $3,080 Post-tax: $44,887.20 Total: $41,798.20

SAVINGS

RAHA Checking Account at Bank

of America: $4,000 - APY: .05% Savings Account at Bank of

America: $11,000 - APY: .05%

ANGELA Checking Account at Bank of

America: $3,000 - APY: .05% Savings Account at Bank of

America: $8,000 - APY: .05%

HOUSING

Ashbury Plaza Apartments750 North Dearborn Apt #211Chicago, IL 60611

• Lease term: 12 months• Deposit: $1600• Living Cost: $23, 616/year $11,808 per person/year• Size: 1040 sq. ft. • 1 story apartment - 2 bedrooms - 2 baths - 1 car garage - pool, fitness room, laundry facility - upgraded bathrooms/kitchen

HEALTHCARE

RAHA

$150 a month $1,800 Annually Humana One Copay 80/3500 High Deductible Health Plan ($3,500) 40% Coinsurance for out-of-network

services individual coverage

ANGELA

$150 a month $1,800 Annually Humana One Copay 80/3500 High Deductible Health Plan ($3,500) 40% Coinsurance for out-of-network

services individual coverage

Humana One of Illinois

TRANSPORTATION

• public transportation provided by Chicago Transit Authority - purchase of a U-pass (unlimited rides) - $1032 annually

• we will also be purchasing a bike for when it is more convenient/faster - Forge Athena Women's Bike = $250

• total transportation cost per year = $1282

UTILITIES• Electricity: $115.00 = $58 per person/year• Water: covered by landlord• Gas: $25.00/per month = $300/year = $150/person/year

• AT&T combined internet, phone, and cable package: $89/month for 12 months = $1068 $534 annually per person

• Samsung 32” LED-LCD HDTV = $399.99 - split cost = $200 per person

• Cell phone: HTC Inspire (TM) 4G $100 cell phone, $15/month 2 yr plan fee

• total utilities cost per person = $1222

FOOD/FURNITURERAHA

total: $5,540 Food: $4,000 Houshold Furniture (split

cost): $100 bed $100 mattress $240 couch $300 tables Household supplies: $300

FOOD/FURNITURE (CONT.)

ANGELA total: $5,540 Food: $4,000 Houshold Furniture (split

cost): $100 bed $100 mattress $240 couch $300 tables Household supplies = $300

EXTRACURRICULAR ACTIVITIES

ANGELA $4940 total

Clothes: $1800 Movies: $40 Gym Membership: $300 Other Activities: $2600 -theme parks

-traveling

RAHA $4200 total Clothes: $1,500 Movies: $200 Gym Membership: $300 Other Activities: $2500 -theme parks

-traveling-concerts

TOTAL EXPENSES & REMAINDER

RAHA Housing costs: $12,608 Healthcare: $1,800 Transportation: $1,282 Utilities: $1,222 Food/Furniture: $5,540 Extracurricular: $4,200 Savings: $18,000 Remainder: $461.76

ANGELA Housing costs: $12,608 Healthcare: $1,800 Transportation: $1,282 Utilities: $1,222 Food/Furniture: $5,540 Extracurricular: $4,940 Savings: $14,000 Remainder: $406.20