Is there a website that I can look at for refernce?
2007-03-20 13:49:20 · 5 answers · asked by rmonty442001 1 in Business & Finance ➔ Personal Finance
They used to say 25% but I believe it is up to 30% now. That would include utilities.
2007-03-20 13:53:00 · answer #1 · answered by JAN 7 · 0⤊ 0⤋
From what I understand, the affordable housing starndard is 30% of one's gross earnings (before taxes).
I think a good rule of thumb is to have your living expenses (rent + utilities) be about 25% - 30% of your earnings.
2007-03-20 21:01:12 · answer #2 · answered by Natalia O 2 · 0⤊ 0⤋
You should not spend more than 30% of your income on rent. Because you have to take in consideration all the other expenses of renting a home.
2007-03-20 21:01:37 · answer #3 · answered by mead1973 3 · 0⤊ 0⤋
i've heard housing should not cost more than 30 percent of your income, but lots of people pay more than that, especially if you live someplace expensive.
2007-03-20 20:53:11 · answer #4 · answered by njyogibear 7 · 0⤊ 0⤋
It is said that if your rent is more than 1-week's pay, you're paying more than you can afford.
2007-03-20 20:51:22 · answer #5 · answered by tamara_cyan 6 · 1⤊ 0⤋