Cost of Living.

Do you really know what is costs to live on your own?Cost of Living. Uncle Sam takes how much?!?Here is how a starting salary of $35,000 is taxed.

By the time Uncle Sam gets his cut, your $35,000 salary is now between $22,000 and $25,000

And thats BEFORE you start paying for your expensesMonthly Salary$2,917 (35,000/12)Federal Taxes$331Social Security$181Medicare$42State Taxes$100Employee Benefits$150401k (You know you should)$250YOUR PAYCHECK(If you fund 401k @ 10%)$1863YOUR PAYCHECK(Without 401k funded)$2113I have to pay how much to live?If you have a car loan, Transportation is more expensive.

If youre spending too much on entertainment, the money has to come from some other area.

The more debt you rack up, the higher the percentage will beExpenses$2113/Month $1863/MonthHousing (30%)$634$560Utilities (10%)$211$186Food (15%)$317$280Transportation (10%)No Car loan$211$186Debt (10%)(Yes you will have it) $211$186Savings (10%)(Pay yourself)$211$186Clothing (5%)$106$93Entertainment (5%)$106$93Car Insurance (5%)$106$93THATS WHATS LEFT YES ITS RIGHT0.00

0.00So what does that get me around here?Approximately 700 Square Feet1 bedroom/1 bath in Woodstock

For between $625-$800 per month

To move in, you need First Month-Last Month and Deposit.

Thats $1875 to $2400 just to MOVE IN!!

Surrounding Areas 1 Bed/1BathApproximately 700 Square FeetRoswell $900/Month

Marietta$700/Month

Dunwoody/Buckhead$1100/Month

Atlanta$1200/Month

What if I get a roommate?2-3 bedroom apartments cost substantially more

Average 2 bedroom is $400-$500 more, and utilities will be more.

Do you LIKE the person you are going to live with?

Any Questions?