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

Living Wage Study - May 1998 Study

The new Living Wage study, (originally done in 1994 and updated in 1996) shows the
Living Wage for an individual in Tompkins County is $16,500/year. This year's study is different than previous studies: Utilities and garbage are included in rent, one figure is given for transportation, rather than with and without a car, payroll, federal and state income taxes are included, and the bottom line figure supports the employee only. To support a dependent, rent would increase to $678/month, food and health care would almost double, and Child Care would range from $4432 per year in family day care to $7800/year for infant care at a Child Care Center.


Housing Solutions (includes gas, electric, garbage.)
Rent reflects in-town. Out of town transportation costs are higher, but rents lower.
Dept. Social Services, Food Stamp division, Low cost plan.
Bell Atlantic
Health Care
Health insurance premium (75% paid by employer) + $300 additional for co-pay, dental and other uncovered medical expenses
Vacation, movies, cable, sports, books, magazines, etc.
Household goods, clothing, laundry, sales tax, furniture, appliances, garden supplies, etc.
Payroll tax
Federal tax
Income minus $6800 x 15%
State tax
Income minus $7500 x 4%
$9.07@35; $8.76@36.25; $8.47@37.5; $7.94/hr @40/hrs/wk

Thanks to Yat-She Shum, an intern from the School of Industrial and Labor Relations at Cornell University for collecting the data used in this study. For copies or information, contact Leni Hochman, lhochman@alteratives.org; (607) 216-3418.

Online Access

eStatements Prior to Dec. 2012 »

Loan Rates
Deposit Rates

Donate »

Your gift to Alternatives Impact helps our community!

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.

Education »

Discover how you can gain control of your finances...

Alternatives Federal Credit Union ("Alternatives") provides a hyperlink to Google Translate� for convenience only and without any responsibility for the accuracy of translations. Alternatives has no control over this unrelated, free and entirely computerized translation program. Computerized translations are only an attempted approximation of the website�s original content and thus Alternatives makes no representations or warranties of any kind with respect to the accuracy, reliability or completeness of any translations. Persons using translated information do so at their own risk.