I find it surprising that its a percentage of gross income and not net. 30% of gross income will be close to 40% of net income. The other surprising thing is t

I find it surprising that its a percentage of gross income and not net. 30% of gross income will be close to 40% of net income. The other surprising thing is that landlords will ensure that only rent is below 30% of gross income of a prospective renter. Add utilities and the person will be paying over 40% on housing.