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How much does this cost?

March 1, 2013
Image courtesy of Nic McPhee at Flickr

Image courtesy of Nic McPhee at Flickr

We have been hearing stories online and from our program participants about students miscalculating the cost of everyday and not-so-everyday goods and services.

The international student headed out the door with close to $2,000USD in his pocket because he did not know the cost of postage.

While this is certainly a very funny story, we cannot help but be concerned for the student’s safety, as it is not wise to go around carrying large amounts of cash. So we would like to point you to this table of average prices for the Midwest region of the United States:

Average retail food and energy prices, U.S. city average and Midwest region

Average retail food and energy prices, U.S. city average and Midwest region


Just kidding, we would not subject you to such a lengthy table of data.

We thought it would be helpful to create our own guide to the cost of basic necessities. Check it out and take the first step towards being a smart consumer!


In addition, please do not forget that tipping is customary in the U.S.! For most services, it is appropriate to tip between 15%-20%, depending on how you rate their level of service!


Bibliography

Block, Alex Ben. “Movie Ticket Prices Reach All-Time High in Q2 of 2012.” The Hollywood Reporter, August 3, 2012. Accessed March 1, 2013. http://www.hollywoodreporter.com/news/movie-ticket-prices-high-all-358247

Bureau of Labor Statistics. “Average Prices: Average retail food and energy prices, U.S. city average and Midwest region.” United States Department of Labor, February 25, 2013. Accessed March 1, 2013. http://www.bls.gov/ro3/apmw.htm

The Economist Online. “Daily Chart: The Big Mac Index.” The Economist, January 12, 2012. Accessed March 1, 2013. http://www.economist.com/blogs/graphicdetail/2012/01/daily-chart-3

Grant, Kelly. “Six Ways to Cut the Cost of a Gym Membership.” The Wall Street Journal, January 6, 2010. Accessed March 1, 2013. http://online.wsj.com/article/SB10001424052748703436504574640651941267992.html

Kristof, Kathy. “What your Starbucks Habit Really Costs You.” Yahoo! Finance, January 3, 2012. Accessed March 1, 2013. http://finance.yahoo.com/news/what-your-starbucks-habit-really-costs-you.html

The Library Network. “Average Book Prices, 2012.” The Library Network, 2012. Accessed March 1, 2013. http://tln.lib.mi.us/dept/technical-services/acq/files/AverageBookPrices2012.pdf

Liedtke, Michael. “New York Times Price Hike, Daily, Sunday Edition Prices Both Go Up.” Huffington Post Media, May 5, 2009. Accessed March 1, 2013. http://www.huffingtonpost.com/2009/05/05/new-york-times-price-hike_n_197007.html

Lonely Planet Publications. “USA Travel Information.” Discover America, 2012. Accessed March 1, 2013. http://www.discoveramerica.com/usa/travel-information/money.aspx

Numbeo. “Cost of Living in United States: Prices in United States.” Numbeo, March 2013. Accessed March 1, 2013. http://www.numbeo.com/cost-of-living/country_result.jsp?country=United+States

O’Brien, Michelle. “Average Cost of College Textbooks [Infographic]. Yikes.” Flatworld Knowledge Blog, September 14, 2012. Accessed March 1, 2013. http://blog.flatworldknowledge.com/2012/09/14/average-cost-of-college-textbooks-yikes-infographic/

Walsh, Karla. “Sandwich: Try This to Save $1,235 This Year!” Fitness, November 30, 2011. Accessed M arch 1, 2013. http://www.fitnessmagazine.com/blogs/fitstop/tag/sandwich/

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