The Cost of Living in San Francisco,

California

Taylor OtaMolly Jubas

Location• San Francisco, California

Total Income: Initial and Post Tax

Taylor Ota• Occupation:

Pharmacist• Initial Income:

$60,000.00• FICA: $4,590.00• Post Taxes:

$45,570.00• Total (disposable

income): $40,980.00

Molly Jubas• Occupation: Kindergarten teacher• Initial Income: $40,000.00• FICA:$3,060.00•Post taxes:$32,105.00• Total (disposable income):$29,045.00

Taxation

Taylor• Income: $60,000.00• Taxable Income: $50,650.00• Federal Income Tax:

$8,850.00• Social Security Tax (6.2%):

$3,720.00• Medicare Tax: (1.45%)

$870.00• State Income Tax (9.3%):

$5,580.00

Molly• Income: $40,000.00• Taxable Income: $30650.00• Federal Income Tax:

$4,175.00• Social Security Tax (6.2%):

$2,480.00• Medicare Tax: (1.45%):

$580.00• State Income Tax (9.3%):

$3720.00

Utilities (shared costs)• Electricity and Gas (Pacific Gas and Electricity): $80.00/month $960/year• Water: $45.00/month $540/year• All The Best$100/month= $1200/year

– Digital TV with HD programming included– Showtime Unlimited®– Road Runner® Turbo- Speeds up to 15 Mbps with WiFi Home Network– Unlimited Nationwide Calling in U.S., Canada and Puerto Rico

• $1,350/person per year Taylor:

• Cell Phone (verizon wireless): $85.00/month (unlimited calls/texts/4G data plan) $1,020/year Molly:

• Cell Phone (AT&T): $90.00/month (Unlimited calls/texts/4G data plan) $1,080/year

Remaining Costs

TaylorDI= $40,980-utilities ($2,370) total=$38,610

MollyDI= $29,045-utilities ($2,430)Total=$26,615

FoodTaylor

• Groceries: $200.00/month• Dining out: $300.00/month• Total: $500.00/month or

$6,000.00/year

Molly• Groceries: $300.00/month• Dining out:$150.00/month• Total: $450.00/month or

$5,400.00/year

Remaining Costs

Taylor$38,610-Food (6,000)Total= $32,610

Molly$26,615-Food ($5,400)Total= $21,215

Housing501 Beale StSan Francisco, CA 94105

Housing Costs• 1,259 square feet• 2 Bedrooms• 2 Baths• Amenities include facility gym, pool,

washer/dryers• $2,300/month ($27,600)• $13,800/year per person• Renter's Insurance• State Farm: $35.00/month ($210/year per person)

Remaining Costs

Taylor$32,610-housing ($14,010)Total= $18,600

Molly$21,215-housing ($14,010)Total= $7,205

HealthcareTaylor

• Anthem Blue Cross• Premier Plus (PPO)• $121.00/month per person

$1,452/year• $5,000.00 annual deductible• $30 Co-pay per visit• Dental: $40.00/month,

$480/year• 25% negotiable in network

services

Molly• Blue Shield• Vital shield 2900• $73.00/month per person

$876/year• High deductible health plan• $40 Co-pay per visit• $10 for generic; brand

name drugs not covered• Dental: $30.00/month,

$360/year

Remaining CostsTaylor$18,600-healthcare ($1,452)Total= $17,148

Molly$7,205-healthcare ($876)Total= $6,329

Transportation• San Francisco Municipal Transportation

Agency (SFMTA) monthly pass: $70.00/month per person

• ($840/year)

Remaining Costs

Taylor$17,148-transportation ($840)Total= $16,308

Molly$6,329-transportation ($840)Total= $5,489

SavingsTaylor (20% of adjusted income)• $8,196.00• Saving's account at

Citibank: $6,696.00• .10% (APY), interest

rate: .10%• Checking account at

Citibank: $1.500.00

Molly(10% of adjusted income)• $2,905.00• Saving's account at

Citibank: $1,905.00• .10% (APY), interest

rate: .10%• Checking account at

Citibank: $1,000.00

Remaining Costs

Taylor$16,308-saving ($8,196)Total= $8,112

Molly$5489-saving ($2,905)Total= $2,584

Extracurricular Activities

Taylor• Movies: $250.00/year• Clothes: $2,000.00/year• Vacation/travel:

$2,500/year

Molly• Clothes: $1,500.00/year• Travel: $984.00/year• Movies: $100.00/year

Remaining CostsTaylor$8,112-extracurricular activities($4,750)Total= $3,362

Molly$2,584-extracurricular activities

($2,584)Total= $0