centsationalliving

Guides / Cost of living

How much rent can you afford?

A common guide is 30% of income.

4 min read

Many landlords and budgeters use about 30% of gross income as a guide for rent. It isn't a rule, but it's a useful check.

Things to check

  • Many landlords look for income of about three times the rent
  • Add utilities, parking and renters insurance to the rent
  • Look at the cost of commuting from cheaper areas
  • Leave room for saving

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