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Phone: (607) 273-4611
Toll Free: (877) 273-AFCU      Contact

Living Wage 2005 Chart

Alternatives Federal Credit Union Livable Wage Study

Category Year(2004) Month (2004) Month (2002) Comments Source
Rent $7,224.00 $602.00 $527.00 Fair market rent for single bedroom apartment, including utilities. HUD
Transportation $1,839.40 $153.28 $166.54 Weighted average of amount spent on cars, public buses and bicycle. TCAT, Census, CES
Food $2,014.80 $167.90 $161.65 Average of low-cost plan Food Stamp cost for males and females 20-50. USDA
Telephone $441.84 $36.82 $26.50 Cost of local plan and 30 minutes long-distance per month. Verizon, Total Call
Health Care $1,215.12 $101.26 $91.61 Employee’s share premium Aetna Health Care plan plus additional out-of-pocket medical expenses. Consumer Expenditure Survey
Recreation $1,271.04 $105.92 $114.75 Reading materials, TV, radio, sound equipment. Claritas
Savings $630.00 $52.50 $50.00 Adjusted for inflation Alternatives
Miscellaneous $1,309.56 $109.13 $115.21 Clothing, personal care, housekeeping, small appliances, etc. Claritas
Net (Subtotal) $15,945.76 $1,328.81 $1,253.26    
Payroll $1,446.68 $120.56 $115.14    
Federal $1,286.12 $107.18 $104.45    
State $423.49 $35.29 $32.21    
TOTAL $19,102.05 $1,591.84 $1,505.06 (5.77% increase)
hrs/wk; $9.67@38*
Day Care 562.50   infant/toddler NACCRRA
    395.83   preschool NACCRRA
See the Living Wage 2005 notes
See press release

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Belle Sherman Elementary School Students

On a Tuesday afternoon, students in the Cornell Cooperative Extension's directed SIFE (Students with Interrupted Formal Education) program at Belle Sherman Elementary can be found hard at work learning about money and getting hands-on banking experience depositing money into their Student Credit Union accounts at Alternatives. The students, all refugees from Burma, range in age from 2nd to 5th grade. more»

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