4 ms·
It's quite significant even within much more common ranges. If you make $60K/year and spend 25% of it on rent, you net nearly 20% more than someone who makes $4
by PhasmaFelis 8y ago
It's quite significant even within much more common ranges. If you make $60K/year and spend 25% of it on rent, you net nearly 20% more than someone who makes $40K and spends 5% on rent. Looking solely at percentage of income spent on housing will lead you to a very wrong conclusion in that circumstance.
- jexah 8y agoYou're forgetting about income tax.
- PhasmaFelis 8y agoThen factor that in as well. The divide between $60K/25% and $40K/5% will still be substantial.