How Much Rent Can You Afford? The 30% Rule, the 40× Rule and a Better Test
Spend no more than 30% of gross income on rent, or $1,500 on a $60,000 salary. Landlords often want income of 40 times the monthly rent. Here is a more personal test.
Read more about How Much Rent Can You Afford? The 30% Rule, the 40× Rule and a Better Test