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Values and Explanation for Library Use Value Calculator

This chart provides the background for the estimated retail values. Some of the values are estimates and averages with revision to reflect local 2006 costs. For example we used the midpoint between hardcover and paperback of a book from a discount online store for that value to allow for different types of books borrowed.

A list of estimated or average library values with explanation
Item Estimated Retail Value Values Explained
Book Borrowed $15.00 Estimated average discount cost of hardcover & paperback
Magazine Borrowed $2.00 Estimated cost to purchase a popular periodical issue
Video Borrowed (e.g., local national chain) $4.00 Sample Video Rental at Video Store
Audio Books Borrowed $10.00 Introductory Rental Price at booksontape.com
Museum Pass Borrowed $20.00 Sample museum admission for two
Magazine Use in Library $2.00 Estimated cost to purchase a popular periodical issue
Interlibrary Loan $25.00 Average cost for loans in New York
Meeting Room Use per Hour $50.00 Estimate
Auditorium Use per Hour $250.00 Estimate
Program/Class Attended - Adult $10.00 Estimate
Program Attended - Children $6.00 Estimate
Computer Use, e.g., Internet and MS Word per hour $12.00 Sample hourly rate at a copy center
Newspapers Online Articles Viewed $1.00 Average cost per article
Other Database Searching - Number of Months Used $20.00 Minimum Cost for Monthly Access to Sample Online Database
Reference Questions $7.00 Estimated cost per question

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