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

Living Wage Chart 2007

Alternatives Federal Credit Union Living Wage Study (2007)

Category Month (2004) Month (2006) % change Year(2006) Comments Source
Rent $602.00 $628.00 4.32% $7,536.00 Fair Market Rent for single bedroom apartment including utilities HUD
Food $167.90 $180.95 7.77% $2,171.40 Average of Low-cost Plan Food Stamp cost for males and females ages 20-50 USDA
Transportation $153.28 $164.22 7.14% $1,970.60 Weighted average of amount spent on cars, public transportation TCAT, Census, BLS
Communication $36.82 $56.48 53.39% $677.76 Local and 30 min long distance. Add DSL. Verizon
Health Care $101.26 $122.62 21.09% $1,471.45 Employee's share of premium plus out of pocket medical expenses Alternatives, BLS
Recreation $105.92 $100.00 -5.59% $1,200.00 Discretionary. Computer/Internet access moved to Communication
Savings $52.50 $56.00 6.67% $672.00 Adjusted for inflation BLS
Miscellaneous $109.13 $105.08 -3.71% $1,261.00 Apparel, personal care, small appliances/houseware Claritas
Net (Subtotal) $1,328.81 $1,413.35 6.36% $16,960.21
Payroll Tax $120.56 $130.42 $1,565.00
Federal Tax $107.18 $118.58 $1,423.00
State Tax $35.29 $41.83 $502.00
TOTAL $1,591.84 $1,704.18 7.06% $20,450.21 $10.35 @ 38 hrs/wk; $9.83 @40
Day Care Infant/Toddler $562.50 $702.72 24.93% DayCareCouncil
Day Care Preschool $395.83 $651.31 64.54% DayCareCouncil

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Joe Nolan, Home Green Home

My family's credit union has been Alternatives since '96; We liked the mission, and who could resist banking in a converted house? In 2005 I started thinking about a retail start-up called "Home Green Home" that would sell healthy and eco-conscious home furnishings and renovation supplies. The Business CENTS class helped me to understand and develop the elements of a business plan, and set me on the path to taking the big leap.

At every stage, I've felt well supported by Alternatives' friendly staff. From one-on-one consultation to business banking and credit needs, I've received quick, helpful service at Alternatives. We always look to partner with organizations that share our values, and Alternatives fits the bill.


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