Wednesday, February 15, 2012

What is the percentage of income that you should use to calculate rent?

What is the percentage of income that you should use to calculate the maximum amount that one can afford for rent?What is the percentage of income that you should use to calculate rent?
I would say no more then 30% of your take home income. That way your not strapped for money. If something comes up you'll have money to take care of it.What is the percentage of income that you should use to calculate rent?
I've always gone by the rule that someone should make 3 - 4 times a month what their rent is. Example, if the rent is $500, they should make about $1500-2000 a month.What is the percentage of income that you should use to calculate rent?
One weeks salary would be the safest bet. Good Luck!

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