Enter the total monthly rent ($) and the monthly gross income ($) into the Rent to Income Ratio Calculator. The calculator will evaluate and display the Rent to Income Ratio.
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Rent to Income Ratio Formula
The following formula is used to calculate the Rent to Income Ratio.
RIR = R / I
- Where RIR is the Rent to Income Ratio (rent:income)
- R is the total monthly rent ($)
- I is the monthly gross income ($)
How to Calculate Rent to Income Ratio?
The following example problems outline how to calculate Rent to Income Ratio.
Example Problem #1:
- First, determine the total monthly rent ($).
- The total monthly rent ($) is given as: 3,000.
- Next, determine the monthly gross income ($).
- The monthly gross income ($) is provided as: 7,000.
- Finally, calculate the Rent to Income Ratio using the equation above:
RIR = R / I
The values given above are inserted into the equation below and the solution is calculated:
RIR = 3,000 / 7,000 = .428:1 (rent:income)
Example Problem #2:
For this problem, the variables required are provided below:
total monthly rent ($) = 2,000
monthly gross income ($) = 5,000
Test your knowledge using the equation and check your answer with the calculator above.
RIR = R / I = ?
