How much does my in...
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How much does my income need to be to qualify?

New Member
Joined: 10 months ago
Posts: 1
Topic starter  

Do taxes count when dividing by 3 to figure out how much rent I can afford? I make 30K, do I just divide that by 3 or take my monthly after tax income and divide by 3?

TampaTen liked
Member Admin
Joined: 1 year ago
Posts: 3

You use your gross monthly income which is before taxes. If you make $3K per month before taxes, then your rent target is $1K/month (=$3K/3).