How much should I spend on rent, movers and furniture? Finding the answer to ... They are expenses that you must be able to cover each month. Therefore, the more you spend on housing, the less ...
Let's say a three-bedroom home normally rents for $3,000 every month. A single tenant may not need that many rooms, and may not be able to afford that rent. But if a room went for $1,200 per month ...
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In this case, 40 times $1,250 is $50,000. Therefore, if you make $50,000, you qualify for $1,250 per month in rent. How much rent you can afford on a $50,000 per year salary is dependent on a ...