Rent Affordability Calculator

Financial experts generally recommend that you spend no more than 30% of your income on rent. The calculator allows you to specify any ratio, but it will provide insights if the chosen ratio is too low or too high.

• Low Ratio (??? 10%): The calculator will indicate that the rent is too low compared to your income, which might be unrealistic for practical living expenses.
• High Ratio (??? 70%): The calculator will warn that the rent is too high compared to your income, which could lead to financial strain.

The "Maximum Affordable Rent" is the highest amount of rent you can afford based on your total monthly income and the specified rent-to-income ratio. It ensures you do not exceed a manageable portion of your income on rent.

The "Recommended Rent" is the suggested rent amount considering your income, debts, additional costs, and a practical rent-to-income ratio (typically around 25%). This amount aims to maintain a balance between affordability and financial stability.

If your total monthly obligations (debts and additional costs) exceed or match your monthly income, the calculator will indicate that any rental is unaffordable. You should consider reducing your debts or additional costs, or increasing your income to afford rent.