Rent Affordability Calculator - How Much Rent Can I Afford?
Rent Affordability Calculator
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Rent Calculation Results:
Safe Rent Recommendation (28%)
Monthly Gross Income
Monthly Debt Obligations
Safe Rent After Debt
Remaining Income (Safe):
Safety Status:
Your Selected Ratio (36%)
Rent After Debt
Remaining Income
Affordability Status
Difference in Rent Budget:
Financial Cushion Difference:
References
This calculator is based on established financial guidelines from reputable government and financial institutions:
- U.S. Department of Housing and Urban Development (HUD): Housing Affordability Guidelines - recommends housing costs not exceed 30% of gross income
- Consumer Financial Protection Bureau (CFPB): Debt-to-Income Ratio Guidelines - provides standards for total debt obligations
- Federal Housing Administration (FHA): FHA Lending Guidelines - establishes industry standards for housing affordability ratios
- Federal Reserve Economic Data (FRED): Housing Cost Statistics - national housing affordability data
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