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The Cost of Living inGreen Bay, WI
By: Nkem Chukwumerije and Morgan Evertz
LocationGreen Bay, Wisconsin
Total IncomeMorgan EvertzOccupation: Elementary School NurseInitial Income: $55,000FICA: $7,600State and Federal Taxes: $8,057Adjusted Income: $39,343
Nkem ChukwumerijeOccupation: 3rd Grade TeacherInitial Income: $55,000FICA: $7,600State and Federal Taxes:$8,057Adjusted Income: $39,343
Savings(12% of adjusted income)
Morgan's Savings$4,720Checking account at Citizens Bank:$770 $50.00$5.95 Saving's account at Citizens Bank: $3,9500.10% (APY) $50.00=$105.95 from adjusted income Nkem's Savings
$4,720Checking account at Citizens Bank:$1,600 $50.00$5.95 Saving's account at Citizens Bank: $3,1200.10% (APY) $50.00=$105.95 from adjusted income
Remaining Income
Morgan$39,343-4285.95(savings)=$34,517.05
Nkem$39,343-4285.95(savings)=$34,517.05
Housing
Creekwood Apartments2764 Viking DriveGreen Bay, WI 543042 Bedroom Apartment
Monthly Rent: $500 total, $250 eachDeposit: First month's rent
Size: 698 Sq. FtState Farm Renters Insurance: $8-10 a month (Value of property + personal property value-
$10-20k)
Remaining Income
Morgan$34,517.05-$3,060(housing)=$31,457.05
Nkem$34,517.05-$3,060(housing)=$31,457.05
Healthcare
NkemCompany: CELTICPlan Type: PPODeductible: $5,000Coinsurance: 30%Copay: $30Monthly Cost: $63.08Cost per year: $756.96
MorganCompany: CELTICPlan Type: PPODeductible: $5,000Coinsurance: 30%Copay: $30Monthly Cost: $63.08Cost per year: $756.96
Remaining Income
Morgan$31,457.05-$756.96(healthcare)=$30,700.09
Nkem$31,457.05-$756.96(healthcare)=$30,700.09
Transportation
Morgan
$105
Nkem
$109
Bus pass- $35/Month$420 a year per person
Remaining Income
Morgan$30,700.09-$525(transportation)=$30,175.09
Nkem$30,700.09-$529(transportation)=$30,171.09
Utilities (annual basis and shared costs)
Electricity: $300
Heating: $425
Water: $108.44
Phone Service: $537.12
Cable/Internet Service: $587.50
=-1,985.06 in total cost of utilities
Remaining Income
Morgan$30,175.09-$1,985.06(utilities)=$28,190.03
Nkem$30,171.09-$1,985.06(utilities)=$28,186.03
FoodMorgan
-300 per month for groceries
-$100 per month for eating out
=-$4,800 per year
Nkem
-300 per month for groceries
-$100 per month for eating out
=-$4,800 per year
Morgan$28,190.03-$4,800(food)=$23,390.03
Nkem$28,186.03-$4,800(food)=$23,386.03
Remaining Income
Extracurricular ActivitiesMorganClothing:-$900Netflix Account: -$54.00Household Supplies: -$200A Television: -$74.99= -$1228.99 per year Nkem
Clothing: -$1,500Netflix Account: -$54.00
Household Supplies: -$200A Television: -$74.99
= -$1,828.99 per year
Remaining Income
Morgan$23,390.03-$1,228.99(extra)=$22,161.04
Nkem$23,386.03-$1,828.99(extra)=$21,557.04
EndMorganSavings: $4285.95Housing: $3,060Healthcare: $756.96Transportation: $525Utilities: $1,985.06Food: $4,800Extracurricular Activities: $1,228.99Remaining Income: $22,161.04
NkemSavings: $4285.95
Housing: $3,060Healthcare: $756.96Transportation: $529
Utilities: $1,985.06Food: $4,800
Extracurricular Activities: $1,828.99Remaining Income: $21,557.04