List Only

If your monthly apartment rent was slightly more than one week's net pay, would that be cheap?

Or is it proportionally too much. For example, your monthly rent is $600 and you make $550 net per week. Conversely, is there a way to judge if your rent is too high in proportion to your weekly salary?

Public Comments

1. Sometimes it takes two weeks pay so you're about right.
2. That's perfect. I wouldn't go any higher. Do you have someone else living with you who brings in money too? Mine's $440 a month but I bring in $488 a week but I also have my husband's income.
3. It is much less then most people pay. Regardless of income, most people spend a third on housing.
4. It sounds cheap, compare it with other similar properties for rent.
5. Half a months pay for rent seems a little high. However, your example $550 per week times 4.33 (weeks in a month) is $2381 less 30% tax is $714 = approx $1667, or $385 per week to spend on everything else. That amount should have you in a good position to save at least 10%, around $70 a month for purchasing a home in the future. Good Luck!