How much rent can you actually afford? Start with the money that actually lands in your account. Your verdict updates as you type.
Add your take-home pay and the rent. Your verdict appears here as you type.
It’s the fix from FILE 001, as math: start with what lands, subtract your must-pays, pay future-you first, then check the whole cost of the place.
Pay frequency: every 2 weeks = paycheck × 26 ÷ 12 · weekly = × 52 ÷ 12 · twice a month = × 2. Roommates: rent, utilities and internet are split evenly; renters insurance and parking aren’t, and every result is your share. The math is identical in the US and Canada; the toggle changes the currency, the typical costs and the rental rules shown.
“capped public housing rent at 25 percent of a resident’s income” / “Congress raised the cap to 30 percent in 1981.”
HUD has since taken this article down; the link goes to the Internet Archive’s saved copy.
web.archive.org (opens in a new tab)“housing is considered ‘affordable’ if it costs less than 30% of a household’s before-tax income”
cmhc-schl.gc.ca (opens in a new tab)“contract rent plus the estimated average monthly cost of utilities”
census.gov (opens in a new tab)