125 North Fulton St. Ithaca, NY 14850
Phone: (607) 273-4611
Toll Free: (877) 273-AFCU      Contact

Living Wage 2011 Chart

 Alternatives Federal Credit Union Living Wage Study 2011

Category Month (2008) Month (2010) Percent Change Year (2010) Comments Source
Rent $763.00 $811.00 6.29% $9,732.00 Fair Market rent for single bedroom apartment including utilities HUD
Food $203.25 $203.60 0.17% $2,443.20 Average of low-cost food plan for males and females ages 19-50 USDA
Transportation $167.52 $179.03 6.87% $2,148.36 Weighted average of amount spent on cars and public transportation ACS, BLS, EIA, TCAT
Communication $61.49 $59.99 -2.44% $719.88 Local calling and long distance plan, and internet BLS, Verizon
Health Care $143.53 $173.08 20.59% $2,076.96 Employee's share of premium and out of pocket medical expenses BLS, Alternatives
Recreation $100.00 $101.62 1.62% $1,219.44 Adjusted for inflation  
Savings $59.81 $60.78 1.62% $729.36 Adjusted for inflation  
Miscellaneous $111.13 $110.46 -0.60% $1,325.52 Apparel products, housekeeping supplies and personal care products and service BLS
Net (Subtotal) $1,609.73 $1,699.56 5.58% $20,394.72    
Payroll tax $147.29 $114.28 -22.41% $1,371.34    
Federal tax $117.95 $149.23 26.52% $1,790.73    
State tax $50.35 $59.56 18.30% $714.71    
TOTAL $1,925.31 $2,022.63 5.05% $24,271.50    
hourly @ 40hr/wk $11.11 $11.67


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Chris Setlock

In the spring of 2014, we learned that our minivan needed repairs in excess of it's value. We'd already been cutting back on our auto use, and were trying to walk and bike more. We'd been talking with friends and reading about cargo bikes as a car alternative. Around the same time, a new business, "Boxy Bikes" opened in Ithaca, which specializes in electric and cargo bikes. We found a model we were interested in, and approached alternatives seeking financing. Alternatives set us up with a signature loan, and a "green loan" discount on our rate. Thanks to Alternatives, we are now the happy owners of a "Yuba Mundo" Electric Cargo bike. We can get anywhere we need to go, using no gas, and creating no emissions. I can carry two passengers, or a weeks worth of groceries. The loan will be paid off in two years, and the bike could last for many more, at a fraction of the cost of an automobile.

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