125 North Fulton St. Ithaca, NY 14850
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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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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