Calculator: Rent Affordability
HOW IT WORKS
Rent will likely be a substantial part of your monthly budget. If you’re on the lookout for a new place, this calculator can help you determine what you can afford. Start by entering your gross monthly income. Next, enter averages for your expenses each month. This will let you know what you have available for rent and where that number falls in relation to the recommended cap of 25% of your income.