 
COST OF LIVING
Based on ACCRA reports where 100 is average:
- housing 118.1
- utilities 93.5
- transportation 95.7
- health 99.8
- groceries 103.3
- misc. goods and services 96.4
- composite 103.2
Median household income in 1996: $28,311
Below poverty level in 1989: 10.7%
Two-Location Living Cost Comparison-1996
Specifications
Family size: 5 Annual Income: 50,000 Housing Basis: Homeowner
|
PRE-MOVE
Standard City |
POST-MOVE
Manitowoc City |
AUTOMOBILES
-First Auto:
- Make/Model:
- Annual Miles:
-2nd Auto:
- Make/Model:
- Annual Miles:
|
1995 Oldsmobile Cutlass Supreme
14,000
1992 Chevrolet Cavalier
6,000 |
1995 Oldsmobile Cutlass Supreme
14,000
1992 Chevrolet Cavalier
6,000 |
HOUSING CHARACTERISTICS
Rooms:
Bedrooms:
Baths:
Sq. Feet:
|
8
4
2.5
2,000 |
8
4
2.5
2,000 |
MORTGAGE CALCULATION
Mortgage age:
Interest rate:
Mortgage Length:
Down Pay %:
Down Pay Amount:
|
New
8.180%
30 yrs
20%
$32,600 |
New
8.360%
30 yrs
20%
$30,140 |
| ORIGINAL HOME PRICE: |
$163,000 |
|
| CURRENT HOME PRICE: |
$163,000 |
$150,700 |
Annual Costs & Differentials
|
Pre-Move |
Post-Move |
Differentials |
| INCOME TAXES: |
$9,004 |
$9,868 |
$ 864 |
| TRANSPORTATION:
|
$6,272
$1,127 |
$5,519
855 |
-1,025 |
HOUSING:
- Mortgage (P&I):
- Homeowner Insurance:
- Real Estate Taxes:
- Utilities:
- Maintenance:
|
$11,679
$436
$2,485
$2,480
900 |
$10,981
271
3,481
2,360
880 |
-7 |
OTHER EXPENSES:
- Goods & Services:
- Sales Taxes:
- Miscellaneous:
|
$14,093
$447
1,077 |
$13,142
590
1,077 |
-808 |
| TOTALS: |
$50,000 |
49,024 |
-976 |
| INDEX: |
$100 |
$98 |
-$2.0 |
|
