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DOMINIQUE MCROSTIE CNS 220- APPLIED RESEARCH PROJECT PROFESSOR ROBINSON MONDAY, NOVEMBER 17 TH, 2014
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Miami, FL. $64,000 Los Angeles, CA. $72,000
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Living expenses in Los Angeles vs Miami Miami, FL.Los Angeles, CA. Apt. Rent per month (depending on location) $1,050-$1,608.67$1,148.55 - $1,651,19 Groceries per month per person $335.21 $266.30 Car Payment $186 p/m for a used 2013 Chevrolet Impala LT Sedan (for 60 months at 6.9% APR and a down payment of $2,786) $220 p/m for a used 2013 Chevrolet Impala LT Sedan (for 60 months at 6.9% A.P.R. and a down payment of $2,359) Car Insurance depending on zip code $2006-$2632 a year $167.167- $219.33 a month $ 2076-$2,451 a year $173-$ 204.25 a month Utilities (Basics) $ 164.08 $111.44 Health Insurance (estimate) $ 404 $ 447 $242-$325 Hair Cut $16.25$18.32 Movies $12.05$14.20 Gasoline $3.75$4.21 Coffee $3.17$5.56 Dry Cleaning $15.82$12.96 Phone $27.70$33.30 Total Energy $163.01$184.89 Dentist $96.00$110.00 Doctor $101.25$97.27
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Cost to live in Miami, FL. Vs Los Angeles, CA. Miami, FL.Los Angeles, CA. Average salary of a psychologist: $64,000 Average salary of a psychologist:$72,000 Total Yearly Cost (estimate): $51,924 Total Yearly Cost (estimate): $ $74,000 Disposable Income: $58,000 Disposable Income: $66,000
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Income Taxes Los Angeles, CA. Min. tax: 1% -> $7,582 Max. tax: 12.30% ->$508,501+ Average income tax: 6.00% Income per capita: $28,111 Miami has no income state tax.
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My Personal Decision I think that I would personally like to live in Miami. The reason to why I say this is because even though some things are more expensive in Miami, since I have lived in Miami in the past, I think that I would feel more at home than if I were to live in Los Angeles. Also, in Florida there is no Income Tax. Similarly, my parents live in Vero Beach Fl. Which is around a two hour drive, thus I can visit them during the long weekends or on holidays. In the other hand, Los Angeles is 38 hours by car and around 7 hours by plane. Also, the plane tickets usually is around $500, which would become a great expense if I travel home twice a year (for Thanksgiving and Christmas)
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Graduate Degree Influence
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Psychologist Salary per year based on Education Salary after undergraduate school On average can vary from minimum wage to around $55,000 Salary after masters degree but varies on psychology specialization and title $53, 380+ Doctorate but varies on psychology specialization and title On average was around $68, 640
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Psychology Graduate School Cost Based on Ranking #1: Stanford University Cost: $44,757 #2: University of California- Berkeley Cost: $ 16,293 -$ 31,395 #2: University of California – Los Angeles $5,069-$10,103 per quarter #4: Harvard University $40,416 # 4:Yale University $37, 6000 #4: University of Michigan- Ann Harbor $ 13,977- $41, 811
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How much a psychologist makes depending on the location LOS ANGELES: Average salary of a psychologist: $72,000 MIAMI: Average salary of a psychologist:$64,000
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Pros vs. Cons of Graduate School ProsCons “ expected growth of 22% through the year 2020 ” “ It can be stressful ” Increase in Salary Schedule can vary and have “odd hours” “ work in a social setting ” It takes a long time to get a masters – 7 years + Rewarding because you can aid others
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Different types of psychologist titles and salaries per year Psychiatrist Psychiatrist $167,610 Industrial-Organizational Psychologist Industrial-Organizational Psychologist $97,820 Neuropsychologist $90,460 Engineering Psychologist Engineering Psychologist $79,818 Clinical Psychologist $72,540 per year Counseling Psychologist $72,540 per year Forensic Psychologist $59,440 School Psychologist $58,360 Sports Psychologist $55,000
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Personal Decision My person decision is that even though graduate school might give me a higher salary as well as experience, I do not think that I will be attending graduate school. I think that the years dedicated to finish graduate school is to expensive compared to the salary that one can receive after attending graduate school. Thus, with this said, I if I do want to specialize in a particular psychology such as a School Psychologist or a clinical psychologist then I will go to graduate school because I think that it will be worth the money and time. Similarly, to get into these types of graduate schools is going to be extremely hard. Also, if it were to take less time, like for example three years or less, then I might consider the possibility of attending graduate school. Finally, it also depends on the type of job that I have after I graduate from undergraduate school. If I find it hard to get a job, then it might be rewarding to go to graduate school because I would be investing in something that would give me a better outcome as well as income.
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Websites Used http://mastersinpsychologyguide.com/articles/what-are-the-pros-and-cons-of-getting- your-masters-in-psychology http://psychology.about.com/od/careersinpsychology/tp/highest-paying-psychology- careers.htm http://work.chron.com/pay-rate-degree-psychology-5131.html http://grad.berkeley.edu/admissions/costs-fees/ https://www.psych.ucla.edu/graduate/prospective-students/tuition-state-residency- application-fees-deferrals-and-waivers http://www.gsas.harvard.edu/prospective_students/costs_tuition_and_fees.php http://www.yale.edu/graduateschool/financial/costs.html http://colleges.usnews.rankingsandreviews.com/best-colleges/university-of-michigan- 9092 http://www.bestplaces.net/economy/city/california/los_angeles http://www.bankrate.com/finance/taxes/state-taxes-california.aspx
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Websites Used www.numbeo.com www.numbeo.com http://www.kendallmitsubishi.com/used/Chevrolet/2013-Chevrolet-Impala- 23571e010a0a00023258caf3bee0b82e.htm http://www.kendallmitsubishi.com/used/Chevrolet/2013-Chevrolet-Impala- 23571e010a0a00023258caf3bee0b82e.htm http://work.chron.com/pay-rate-degree-psychology-5131.html http://work.chron.com/pay-rate-degree-psychology-5131.html http://miami.about.com/od/jobsbusiness/a/costofliving.htm http://miami.about.com/od/jobsbusiness/a/costofliving.htm http://www.carinsurance.com/calculators/average-car-insurance- rates.aspx?zc=33132&submit= http://www.carinsurance.com/calculators/average-car-insurance- rates.aspx?zc=33132&submit http://articles.latimes.com/2013/may/23/business/la-fi-calif-health-rates-20130524 http://articles.latimes.com/2013/may/23/business/la-fi-calif-health-rates-20130524 http://www.miamitodaynews.com/2014/09/17/individual-health-insurance-rates-rise-13-2/ http://www.miamitodaynews.com/2014/09/17/individual-health-insurance-rates-rise-13-2/ http://www.hondaoflosangeles.com/used/Chevrolet/2013-Chevrolet-Impala- 22a93e160a0a00de3ddb5ce9b9d65775.htm http://www.hondaoflosangeles.com/used/Chevrolet/2013-Chevrolet-Impala- 22a93e160a0a00de3ddb5ce9b9d65775.htm
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Websites Used http://miami.about.com/od/governmentcityservices/a/florida_taxes.htm http://miami.about.com/od/governmentcityservices/a/florida_taxes.htm http://grad-schools.usnews.rankingsandreviews.com/best-graduate- schools/top-humanities-schools/psychology-rankings http://grad-schools.usnews.rankingsandreviews.com/best-graduate- schools/top-humanities-schools/psychology-rankings http://colleges.usnews.rankingsandreviews.com/best-colleges/stanford- 1305 http://colleges.usnews.rankingsandreviews.com/best-colleges/stanford- 1305 http://www.indeed.com/salary?q1=Want+Some+Disposable+Income&l1= miami+fl http://www.indeed.com/salary?q1=Want+Some+Disposable+Income&l1= miami+fl
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