This calculator shows rentals that fit your budget. Savings, debt, and other expenses could impact the amount you want to spend on rent each month. Input your net (after tax) income and the calculator will display rentals up to 40% of your estimated gross income. Property managers typically use gross income to qualify applicants, so the tool assumes your net income is taxed at 25%. Actual tax rates vary.
You can afford $3828/mo
Based on your income, a rental at this price should fit comfortably within your budget.
You will have $4872/mo left to spend.
DISCLAIMER: The calculated output is just a suggestion. All personal and financial factors should be considered before signing a lease.
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