Enter the total monthly rent and the total gross monthly income into the calculator to determine the income rent ratio.

- All Rent Calculators
- Rent Budget Calculator – How much should I spend on rent?
- Home Affordability Calculator (28/36 rule)
- Cost Per Square Foot Calculator
- After Repair Value (ARV) Calculator
- 3 Times Rent Calculator

## Income Rent Ratio Formula

The following formula is used to calculate an income to rent ratio.

IRR = MI / MR

- Where IRR is the income rent ratio
- MI is the monthly gross income
- MR is the monthly rent

## Income Rent Ratio Definition

An income to rent ratio is a measure of the total take-home gross income to the total monthly rent paid for a house or apartment. It’s used to analyze the percentage of income is spent on rent.

## Income Rent Ratio Example

How to calculate an income rent ratio?

**First, determine the total monthly income.**Calculate the total gross monthly income.

**Next, determine the total monthly rent.**Calculate the total spent on rent monthly.

**Finally, calculate the income rent ratio.**Calculate the income rent ratio using the formula above.

## FAQ

**What is the recommended income rent ratio?**

For most people or families an income rent ratio of 3 or more is recommended.