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.
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