Rent Budget Calculator – How much should I spend on rent?

Enter your total monthly take home pay into the calculate to estimate a max amount your should spend on rent every month.

Rent Budget Formula

The following equation is used to calculate the rent budget you should consider spending every month.

R = M * SF

  • Where R is the rent budget
  • M is your monthly take-home pay
  • SF is a savings factor
    • Maximum savings : SF = .15
    • Average savings: SF = .25
    • Minimal savings: SF = .35

FAQ

What is the maximum amount someone should spent on rent?

The recommended maximum someone should spend on rent is typically 35% of your take home pay for normal earners. it will ultimately depend on other expenses.

rent budget calculator

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