Question

cost of living comparison research
here you will research how much it will cost you to just live for a year.
first - decide where you will live. newfoundland and labrador
now - research basic amenities for how much they cost yearly. feel free to add any you feel are essential but arent on this list.
make sure you are not listing the monthly. calculate for the yearly by multiplying by 12.
how much does it cost to rent an apartment in the city/area per year? to live in alexandria is $2000
how much does it cost for electricity per year? to live in ayansa is to $20232
how much does it cost for water per year? 480
how much does it cost for internet service per year? 60 $3600
how much does it cost for cell phone plan per year? $300
how much does it cost for gasoline or subway/bus fare per year? $148
how much does it cost for groceries per year? $6,000
how much does it cost for health insurance per year? 7,440
how much does it cost for car insurance per year? (if you choose a car over public transportation) 800 - 2000

1. total these up for your common expenses
2. go back to your student loan yearly cost and write it here.
3. add those to your common expenses. (new total here)
4. calculate what you have left each year to live off

total salary

• yearly common expense

(total income left yearly after common expenses)

1. divide that number by 12 for monthly dispensable income

this is the money you have leftover each year for everything else...

Explanation:

Step1: Calculate common expenses

Sum up the given expenses:

• Rent: \(4200\)
• Electricity: \(20232\)
• Water: \(480\)
• Internet: \(3600\)
• Cell - phone: \(300\)
• Gasoline/subway/bus: \(148\)
• Groceries: \(6000\)
• Health insurance: \(7440\)
• Car insurance (taking the average of \(800 - 2000\), so \(\frac{800 + 2000}{2}=1400\))

$$4200+20232 + 480+3600+300+148+6000+7440+1400$$

$$=(4200+20232)+(480+3600)+(300+148)+(6000+7440)+1400$$

$$=24432+4080+448+13440+1400$$

$$=(24432+4080)+(448+13440)+1400$$

$$=28512+13888+1400$$

$$=42400+1400=43800$$

Step2: Assume student loan (Since no value is given for student loan, let's assume it as \(x\))

Let the student - loan amount be \(x\)

Step3: Calculate new total

New total \(=43800 + x\)

Step4: Assume total salary (Since no value is given for total salary, let's assume it as \(y\))

Left amount \(=y-(43800 + x)\)

Step5: Calculate monthly disposable income

Monthly disposable income \(=\frac{y-(43800 + x)}{12}\)

Answer:

1. Common expenses total: \(43800\)
2. Student loan (assumed): \(x\)
3. New total: \(43800 + x\)
4. Left amount (assuming total salary \(y\)): \(y-(43800 + x)\)
5. Monthly disposable income (assuming total salary \(y\)): \(\frac{y-(43800 + x)}{12}\)