Many people choose to live with roommates to save money on rent. vary greatly by region, the national median rent as of December 2022 was $2,007. What does the average person spend on rent? How old are they? Do they room up with anyone? See where you fall into the statistics. Taking 30 percent of that, you are able to afford up to $3,125 per month in rent. On $125,000 a year, you're making $10,417 gross per month. Taking 30 percent of that, you are able to afford up to $2,500 per month in rent. On $100,000 a year, you're making $8,333 gross per month. Taking 30 percent of that, you are able to afford up to $1,875 per month in rent. On $75,000 a year, you're making $6,250 gross per month. Taking 30 percent of that, you are able to afford up to $1,250 per month in rent. On $50,000 a year, you're making $4,167 gross per month. Salary and rent affordability examples 50k salary It's up to you, depending on your style, saving method and desired amenities what apartment category is the best fit for you. The calculator pulls three options for you, where you can explore apartments where you'd live on a budget, live comfortably and live luxuriously. Calculate your monthly expenses or a rough estimateĪfter you enter this information the Rent Calculator will calculate options for you based on spending 30 percent of your income.Determine the location of where you're apartment hunting.The Rent Calculator is your one-stop place for determining the best apartment, all factors considered. This is overwhelming when considering all the financial factors of how much you make, how much you want to save, your debts and your desired city's cost of living. When determining the apartment that's the right fit for your lifestyle and preferences, understanding what you can afford is a huge first step. From searching for the perfect apartment to making it your own, every step of the apartment-hunting journey brings anticipation and the thrill of creating a space that reflects your unique personality and aspirations.
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