Lifestyle Comparison, City vs Country

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2013
Lifestyle Comparison
~ Country & City life

Contents…

1……………………………………………………………………………… Title 2……………………………………………………………………………… Contents 3……………………………………………………………………… Introduction/Results 4……………………………………………………………………………… Data Analysis 5……………………………………………………………………………… Predictions 6……………………………………………………………………………… Conclusions 7……………………………………………………………………………… Appendix 8……………………………………………………………………………… Bibliography

Introduction:
This financial report has been compiled with the aspirations to answer the hypothesis formulated: a life in the city, rather than the country, will result in better financial and social wellbeing and overall stability. Data has been collected from several sources such as multiple real estate agencies, fuel stations, transport agencies, mapping sources, grocery markets as well as different social and recreational organizations and conventions, this information will aid me to form my personal opinion on which is the better option. The criteria on which of the options stands to be ‘better option’, will be on the basis of; which provides the best financial outcome. Notes:

* This report is taking the assumption that certain material possessions have already been accounted for, EG: * Car, clothes, furniture etc.
* The car at our disposal for the calculations of travel expenses will be the Hyundai Santa Fe

Part Four, Data Analysis:
The salaries of dentists in Australia varies widely, as the lowest reported income per annum is an estimated $50,800 while the highest earning dentists are in much larger figures, with $190,000 as the maximum recorded payment.

$50,800 + $190,000
= $240,800

$240,800 ÷ 2
= $120,400~ the average salary, calculated via the values given above. This given pay scale can be divvied into three categories in order to better represent and calculate budgets and relevant taxes. To yield more reliable results, the following tax calculations will be made under the assumption that we are earning an average pay of $120,400 per annum.

Tax Calculations|
| Weekly| Monthly| Yearly|
Gross| (Divide yearly pay by 52)$2315.38| (Divide yearly pay by 12)$10,033.33| $120,400| Tax | $624.90| $2707.91| $32,495|
Super| $208.38| $903| $10,836|
Medicare| $34.73| $150.5| $1,806|
Net Income| $1447.1| $6,271.9| $75,263|

Tax: $120,400 - $80,000
= $40,400~taxable dollars.

$40,400 x $0.37
= $14,948

$14,948 + $17,547
= $32,495~yearly income tax.

$32,495 ÷ 12
= $2707.91~monthly income tax.

$32,495 ÷ 52
= $624.90~weekly income tax.

Super: $120,400 – 9%
= $120,400 x 0.09
= $10,836~yearly super payment.

$10,836
= $10,836 ÷ 12
= $903~monthly super payment.

$10,836
= $10,836 ÷ 52
= $208.38~weekly super payment.

Medicare: $120,400 – 1.5%
= $120,400 x 0.015
= $1,806~yearly Medicare levee

$1,806
= $1,806 ÷ 12
= $150.5~monthly Medicare levee

$1,806
= $1,806 ÷ 52
= $34.73~weekly Medicare levee

Net Income: $120,400 – $32,495 – $10,836 - $1,806
=$75,263~yearly net income

$75,263
= $75,263 ÷ 12
= $6,271.9~monthly net income

$75,263
= $75,263 ÷ 52
= $1,447.30~weekly income

Expenses:
Living
The following rental prices are taken from multiple real estate websites, with the cheapest price as the main deciding factor. House Rentals|
House #| Brisbane Prices| Address| Charleville Prices| Address| 1| $395| 8/53 Edward Street, Brisbane| $230| 169 Edward St| 2| $390| 21/204 Alice St, Brisbane| $200| 164 Galatea St| 3| $430| 460 Ann St, Brisbane| $165| 1/75 Galatea St|

4| $450| 5/204 Alice St, Brisbane| $165| 1/16 Sturt St| 5| $450| 1904/485 Adelaide St, Brisbane| $160| 7/16 Sturt St| Averages:| $423| $184|

Recreational
A steady amount of $150 will be deducted weekly from our overall income in order to pay for recreational activities, drinks, dinner, take-away etc.
Health...
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