3 ms·
> Good general rule of thumb is your cost of housing shouldn't exceed 30% of your income. The 40x rule in New York (annual income must be at least 40x monthly
by tedmiston 8y ago
> Good general rule of thumb is your cost of housing shouldn't exceed 30% of your income.
The 40x rule in New York (annual income must be at least 40x monthly rent) conveniently works out to be 30% too.
https://www.nakedapartments.com/guides/nyc/beginning-your-search/calculate-your-maximum-rent https://www.nakedapartments.com/guides/nyc/beginning-your-se...