The 30% rule states you should spend no more than 30% of your gross monthly income on rent. For a $60,000 salary ($5,000/month), max rent should be $1,500. This leaves money for other expenses and savings.
Rent Affordability Calculator
Recommended Max Rent
$1750
Standard (30%)
$1500
Conservative (25%)
$1250
The 30% Rule
Most experts recommend spending no more than 30% of gross income on rent
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