1. DOMINIQUE MCROSTIE CNS 220- APPLIED RESEARCH PROJECT PROFESSOR ROBINSON MONDAY, NOVEMBER 17 TH, 2014

2. Miami, FL. $64,000 Los Angeles, CA. $72,000

3. 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

4. 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

5. 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.

6. 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)

7. Graduate Degree Influence

8. 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

9. 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

10. 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

11. 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

12. 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

13. 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.

14. 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

15. 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

16. 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