WebOtherwise, you can't afford that monthly rent with <$50,000 net. As a general starting point, I'd recommend looking at rental units that cost max ~30% of your net salary (which, by my quick/estimated math, is around ~$1,000/month, assuming you make ~$40,000 net).

50/30/20 Budget Calculator - NerdWallet

WebJun 27, 2024 · If you’re paying down significant debts or are saving for a big purchase, a thrifty budget might put your rent at 20 percent of your total monthly income. On the other … WebOct 1, 2024 · Therefore, if you make $50,000, you qualify for $1,250 per month in rent. You May Like: What Does A Co Signer Do For A Mortgage Can I Afford A House Making 35000 A Year If youre single and make $35,000 a year, then you can probably afford only about a $105,000 home. But you almost certainly can t buy a home that cheap. chuck\\u0027s roadhouse barrie

If You Make $50k a Year, How Much House Can You Afford?

WebHow much rent can I afford on a 50k salary? On $50,000 a year, you’re making $4,167 gross per month. Taking 30 percent of that, you should be able to afford up to $1,250 per month … WebYou can calculate how much rent you can afford each month by multiplying your income by 30% and then dividing that number by 12 months. For example, if you make $50,000 … WebJan 20, 2024 · If you make $70K a year, you can likely afford a home between $290,000 and $360,000*. That’s a monthly house payment between $2,000 and $2,500 a month, … chuck\u0027s roadhouse barrie reviews