Graduate School Money IV – Revenge of the PhD
July 19, 2007 at 12:08 pm | ilya | grad life, stipendsAfter reading Charles’ excellent summary, I ran around our lab @ Columbia and surveyed the grad students:
Subject A – Biochemistry Graduate Student
Base salary: ~$28,000
After taxes: ~$24,000
- Medical insurance covered by Columbia.
- Monthly Transportation Cost: $100 for MetroCard and occasional taxi
- Columbia subsidized studio: $900/mo
- Basic cell phone plan: $55/mo
- Monthly food expense: $300
Disposable income: $7,740/yr or $645/mo
Subject B – Biology Graduate Student
Base salary: $27,600
After taxes: ~$23,500
- Medical insurance covered by Columbia.
- Monthly Transportation Cost: $90 for MetroCard
- Columbia subsidized apartment share: $770/mo
- Basic cell phone plan: $55/mo
- Monthly food expense: $400
Disposable income: $7,720/yr or $643/mo
There you have it – two very consistent data points. Even though the cost of living in NYC is greater than Palo Alto, generous student housing subsidies and inclusion of medical insurance make their disposable income greater than what you have.
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Graduate School Money in Champaign IL.
1450$/month after taxes – looks shitty doesn’t it?.
But wait…
Health Insurance Covered
Free Public Transportation
Mortgage on Two bdrm 1.5 bath 1000sqft. condo: 650$
Condo Assoc. Fee: 70$
Cell Phone:60$
Food: 150$ (it’s much cheaper here!)
Cable & Internet 90$
Comment by Steve Higgins — July 19, 2007 #
Hey folks, let’s do a little informal survey of how much various departments/schools pay their students and how that compares to the cost of living.
Comment by ilya — July 19, 2007 #
Northwestern University (Chicago, IL):
Stipend: ~$24,000
Taxes (state and federal ca. 12.5%): $3,000
Health Insurance: $950/year
Public Transit: ~$240/year
Phone: ~$600/year
Internet: $360/year
Rent: $5000/year (or $420/month although I live in a dump with
a bunch of russians–most places are $550-700/mo.)
Utilities: $600/year
Food: ~$3000/year
That leaves $10,250 or $854/month in disposable income.
Comment by anon — July 23, 2007 #