Is paying $2000 for rent a bad decision? : r/FinancialPlanning

As for the $2k rent, it depends. If you are closer to work, reduce commuting time and expenses, don't need a car, etc ... Then yes, it can make sense. Instead of what percentage of your …

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Is Paying $2000 For Rent A Bad Decision? : R/FinancialPlanning

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As for the $2k rent, it depends. If you are closer to work, reduce commuting time and expenses, don't need a car, etc ... Then yes, it can make sense. Instead of what percentage of your …

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Is $2k A Month Too Much For Rent? : R/FinancialPlanning - Reddit

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For example, if you want to rent an apartment that’s $2,000 per month, you need to have an income of $80,000. If you don’t make that, you need a guarantor. Guarantors need to make …

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Is $2000 Rent Too Much? : R/FinancialPlanning - Reddit

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$2k is how much it costs to rent in places with decent jobs now and the strict 30% of income on rent isn’t realistic anymore. In reading your other comments, it sounds like the $1600/$1800 …

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Median Rent Is Now Under $2,000 Per Month. Are You Overpaying?

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Feb 15, 2023 · To that end, try to limit your rent to 30% of your take-home pay. If you bring home $5,000 a month after taxes and other deductions, your goal should be to keep your rent …

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Is $2000/month Too Much To Spend On An Apartment If My Salary …

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If rent is $2000, that would only leave $250 for utilities, car payment, food, insurance. However, I don't know what the housing market is like in New York so this might actually be a fantastic …

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How Much Rent Can I Afford? - Rent Affordability Calculator - Zillow

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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 …

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Apartments For Rent Under $2000 In North Bergen Township NJ

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Find apartments for rent under $2,000 in North Bergen Township NJ on Zillow. Check availability, photos, floor plans, phone number, reviews, map or get in touch with the property manager. ...

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Can I Really Afford $2000/month In Rent? : R/personalfinance - Reddit

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I was previously living in a CT suburb outside of Hartford making $69k a year and paying $675/month for rent. My new job in NYC pays $120k. Based off the general rule of thumb that …

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New Apartments In North Bergen, NJ - Rent.com

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In North Bergen, NJ, as of 2024, the average rent for apartments ranges from $2,589 to $4,500. Specifically, the average rent for a studio apartment in North Bergen, NJ is $4,500. For those …

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Is This Apartment A Bad Or Good Financial Decision?

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You’re paying $1400/month for 12 month lease meaning $16,800 yearly minimum. You’re also borrowing $7,000 per year in loans for tuition. (I assumed yearly not per semester). So …

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Money Blog: Landlord Seeking £1,350 For Bedroom With ... - Sky …

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5 days ago · An advertisement offering a bedroom in a home with no access to the living room, no central heating, no guests allowed and noisy violin lessons four nights a week for £1,350 has …

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Spending Over Half My Income On Rent? : R/personalfinance - Reddit

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Spending half of your income on rent can mean very different things. If you make $500 a month paying $250 on rent isn’t going to work but if you make $5000 a month paying $2500 on rent is …

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Is It A Bad Financial Decision To Spend $1900 On Rent When ... - Reddit

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The townhome is a two-bedroom, so you also could consider getting a roommate to split the rent and further reduce your costs. Assuming a 50/50 split, that's $950/month back in your pocket, …

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Buy A House Or Rent Forever? : R/financialindependence - Reddit

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People often point to utilities, maintenance and tax but if you are renting these are just baked into your rent, you still pay for them. But a $2000 monthly rent does not equal a $2000 mortgage …

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Am I Being Too Cautious For Not Wanting To Pay £2000 For Rent

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Then we woke up after the pandemic and suddenly 50% of net pay was the 'not to exceed' value for rent. House price, and rent, inflation has vastly outstripped wage growth in the last couple …

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FAQs about Is paying $2000 for rent a bad decision? : r/FinancialPlanning Coupon?

Should you pay rent if you make 4000 a month?

In today’s housing market, not necessarily. The 30% rule is a guideline that says 30% of your income should go towards paying your rent or mortgage. So if you make $4,000 a month, your monthly rent should be $1,200 or less. Perez said this rule is outdated because rent costs have only gotten higher over the last four years. ...

When might it make sense to exceed your rent budget?

Budgets exist as guidelines rather than hard rules, so the reality may be that rent and other needs will add up to more than 50% of your income. In these situations, in particular, it might make sense to exceed your rent budget: You’re in an unstable living situation. ...

Should you spend 30% on rent?

While the 30% guideline is one way to look at rent as part of your income, it may not be feasible in high-cost areas. In places like New York City or San Francisco, median rents for a one-bedroom apartment can exceed $2,000, making it difficult to stick to the 30% rule. ...

How is income considered for rental affordability?

The rent affordability calculator uses your net (after tax) income to 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 may vary. ...

How much can you pay in rent a month?

If you make $6,717 a month and spend $475 on groceries, $300 on gas and car insurance, $635 on health insurance, and $430 on utilities, you’re left with $3,290. Divide that by two, and you’ll get a range for what you can pay in rent. In this case, that's $1,645. ...

What percentage of income is used for rent?

The calculator displays rentals up to 40% of your estimated gross income. Based on your income, a rental at this price should fit comfortably within your budget. ...