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Return on Investment Calculator
What is the library worth to you? How much does the library save you each month in out of pocket expenses?
Estimated minutes receiving computer help: $0.35 Rounded average of Madison College librarian salary and student computer help desk student worker divided by 60 (Both librarians and student workers answer computer questions)
Estimated minutes working with librarian: $0.55 Rounded hourly wage of Madison College librarians divided by 60
Number of articles accessed via library databases: $30 Average cost to purchase an online journal article based on experience and similar number in other library calculators
Estimated hours spent using a library computer: $21/hour. Price charged per hour to use a computer with Microsoft Office and internet access at a local FedEx Office Print and Ship Center (Quoted over the phone 5/15/15)
Madison College Libraries Value Calculator
What is your library worth to you? How much does the library save you in out of pocket expenses?
Enter in the left hand column the number of times per month you use each service. Click the 'Calculate The Value of YOUR Library Use' button on the bottom to calculate your monthly value of using the library. Estimated value of each service will be calculated on the right.
Tip: Tab between entries and do not use commas.
Disclaimer: The values for the items in the calculator are estimates. When presented with various cost options we always show the lowest so the calculator likely underestimates your library value. See explanation of values in the box to the right of the calculator.