Inputs
After taxes
Results
30% Rule Maximum
$1,500
More details
How to Use
- 1Enter your monthly take-home (after-tax) income.
- 2Add your monthly debt obligations: car, student loans, credit card minimums.
- 3Include typical food and groceries budget.
- 4Enter the specific rent you're considering to test its affordability.
- 5Review whether the 30% rule is met and check your remaining disposable income.
Frequently Asked Questions
What is the 30% rule for rent?+
The 30% rule says you should spend no more than 30% of your gross (before-tax) monthly income on rent. In high-cost cities, this threshold is often breached — in that case, the key is ensuring you can cover all expenses and save something each month.
Should I use gross or net income for the 30% rule?+
The traditional 30% rule uses gross income. But using your net (take-home) income gives a more realistic picture, especially if you have a high tax rate. This calculator uses take-home income for accuracy.
What if my rent exceeds 30% of income?+
Many renters in expensive cities spend 35–50% on rent. This is manageable if other expenses are low, debts are minimal, and you still have savings. The key is overall budget balance, not rigid adherence to the 30% rule.
What other costs should I budget for beyond rent?+
Budget for utilities (electricity, gas, internet: $150–$300), renter's insurance (~$15–$25/month), parking if applicable, and a small emergency fund. These add $200–$500 to your monthly housing cost.
How much do I need to earn to afford $2,000 rent?+
By the 30% rule, $2,000/month rent requires $6,667/month take-home income, or about $80,000/year gross (depending on your tax situation). Many renters stretch this to 35%, requiring about $5,700/month take-home.
This calculator is for informational purposes only and does not constitute financial, legal, or tax advice. Consult a qualified professional before making real estate or financial decisions.