A typical suggestion is that your monthly rent is 1/40 of your annual income. So if you earn $160k you can afford $4k rent. That's pretty realistic for a dual e

A typical suggestion is that your monthly rent is 1/40 of your annual income. So if you earn $160k you can afford $4k rent. That's pretty realistic for a dual earner household. Even for one earner it's doable, though of course above average. But really many people are probably spending most of their money on housing and not saving anything.