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

Living Wage Study - 2002

Category Year (2002) Month (2002) Month (2000) Comments
Rent $6,324.00 $527.00 $504.00 Fair market rent for single bedroom apartment, including utilities. Source: HUD
Transportation $1,998.53 $166.54 $151.23 Weighted average of amount spent on cars, public buses and bicycle. Source: Claritas and WOW
Food $1,939.80 $161.55 $152.30 Average of low-cost plan Food Stamp cost for males and females 20-50. Source: USDA
Telephone $318.00 $26.50 $25.97 Source: Verizon, Ithaca
Health Care $1,099.36 $91.61 $82.72 Employee’s share premium Aetna Health Care plan plus additional out-of-pocket medical expenses. Source: Alternatives’ Human Resource Manager; Claritas
Recreation $1,377.00 $114.75 $107.23 Reading materials, computer hardware, software, TV, radio, sound equipment. Source: Claritas
Savings $600.00 $50.00 $50.00 Source: Alternatives Federal Credit Union
Misc $1,382.50 $115.21 $113.71 Clothing, personal care, housekeeping, small appliances, etc. Source Claritas
Net (Subtotal) $15,039.19 $1,253.26 $1,187.16 (5.57% increase)
Payroll $1,381.65 $115.14 $111.82  
Federal $1,253.43 $104.45 $129.26  
State $386.53 $32.21 $33.47  
Total $18,060.80 $1,505.06 $1,461.71 (2.97% increase) $8.68@40 hrs/wk; $ 9.14@38*
Day Care Expenses        
Age 2   $628.30   Source Day Care Council
Ages 3,4   $541.61   Source Day Care Council

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Express Employment Professionals, Kathy Nivison

With a background of 15 years in Human Resources, Kathy Nivison started up the Ithaca office of Express Employment Professionals to better serve local employment and recruiting needs. Kathy approached Alternatives for a business loan, and was impressed with both the loan's low interest rate, as well as the quick response from Bob Anderson, the business loan officer at Alternatives.

Kathy took advantage of our "Women and Minority" subsidized loan, which helps women and minority borrowers who have a minimum of one year in business and are looking for assistance with continued growth and expansion.


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