Rent Budget Calculator
Recommended Rent Budget: $
Formula: Rent Budget = Monthly Income × Rent Percentage / 100
Rent Budget Calculator – How much should I spend on rent? | ||
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Parameter | Description | Example Value |
Monthly Income | Your total monthly income before taxes and other deductions. | $4,000 |
Rent Budget Percentage | The percentage of your monthly income you want to allocate to rent. A common recommendation is 30%. | 30% |
Monthly Rent Budget | The maximum amount you should spend on rent each month. Formula: Monthly Income * Rent Budget Percentage / 100 |
$1,200 |