How Much Rent Can I Afford Reddit
How Much Rent Can I Afford Reddit. Living expenses rent $16,200.00 $1,350.00 parking $1,020.00 $85.00 car ins $1,000.00 $83.33 groceries $5,200.00 $433.33 car gas $720.00 $60.00 elec/gas $720.00 $60.00 cable $480.00 $40.00 cell phone $480.00 $40.00. If you’re asking, “how much house can i afford?” a $50,000 salary may only be able to get you a closet in san francisco.
When you have an annual household income of $100,000 a year, your ideal rent would be $2500. Divided by 12 months = $2866. As an example, your annual salary is 50k that leaves you with $4,166/month.
Living Expenses Rent $16,200.00 $1,350.00 Parking $1,020.00 $85.00 Car Ins $1,000.00 $83.33 Groceries $5,200.00 $433.33 Car Gas $720.00 $60.00 Elec/Gas $720.00 $60.00 Cable $480.00 $40.00 Cell Phone $480.00 $40.00.
Another rule of thumb is the 30% rule. Living somewhere super cheap is not fun if you can afford somewhere nicer. I've had this job for over a year and a half , i know i can't afford to purchase a home and even i would to i'm in a debt relief program and my credits only 508.
As A General Rule, You Should Spend No More Than 30% Of Your Monthly Income On Rent.
On a $100,000 a year salary, your ideal rent price is $2,500; How much rent can i afford on a $60,000 salary? Personally, if your life circumstances allow it and you are comfortable with it i would look into.
Figuring It At 35% Then It Would Be $168.
That would mean that you can afford. Buying a house also seems impossible right now with the prices. How much rent can i afford?
Depends On How Much Having A Nicer Apartment Is Worth To You.
You can use the slider to change the percentage of your income you want spend on housing. One third of 3270 is about $980, and. If you are making $60k a year, you will be making around $4,250 a month after taxes.
Qualification Is Often Based On A.
Housing costs vary an extreme amount based on your location. To calculate how much rent you can afford, we multiply your gross monthly income by 20%, 30% or 40%, based on how much you want to spend. To figure the monthly cost take $120 or $168 and multiply by 4….that comes out to a monthly cost of either $480 or $672.
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