Curious about your income rent ratio? Enter your monthly income and rent, and our Income Rent Ratio Calculator will show you the percentage of your income spent on rent.
Income Rent Ratio Calculator
Income Rent Ratio Calculator
Component | Description |
---|---|
Total Monthly Rent | The total amount of rent paid each month. |
Gross Monthly Income | The total monthly income before taxes and other deductions. |
Income Rent Ratio | The percentage of gross monthly income that goes toward paying rent. |
Formula | Income Rent Ratio = (Total Monthly Rent / Gross Monthly Income) × 100 |
Purpose | Used to assess the affordability of rent payments relative to income. |