4 ms·
$750/$1160 is ~64%. The common definition for affordable rent is ~30% of monthly wage[1] (based on some quick google-fu). [1] http://www.census.gov/hhes/www/ho
by abshack 12y ago
$750/$1160 is ~64%. The common definition for affordable rent is ~30% of monthly wage[1] (based on some quick google-fu).
[1] http://www.census.gov/hhes/www/housing/special-topics/files/who-can-afford.pdf http://www.census.gov/hhes/www/housing/special-topics/files/...
- mhurron 12y agoThe lower your income, the higher percentage of it will go to housing unless you are prepared to live in a dank, urine-soaked hellhole.
- extra88 12y agoOr have (more) roommates. Three people together can get a 2-3 bedroom apartment that's better than the 1 bedroom apartments they can get individually.