Rent Affordability Calculator

Rent Affordability Calculator

This calculator will provide estimated rent affordability based on your gross income and on your income after expenses. This tool is only meant to provide an estimation on what you may be able to afford.
Monthly Wages
AND / OR
Hourly Wage
Hours Worked per Week
Total Hourly Wages
Other Monthly Income
SSDI, SNAP, TANF, etc.
Gross Monthly Income
Monthly Expenses:
Food
Groceries, Restaurants, etc.
Transportation
Car Payment, Auto Insurance, etc.
Healthcare
Health Insurance, Prescriptions, Doctor Visits, etc.
Childcare
Day Care, Child Support, etc.
Utilities
Electricity, Internet, Cell Phone, etc.
Debt and Loans
Credit Card, Personal Loans, etc.
Payroll Deductions
Garnishments, Estimated Taxes, etc.
Additional Expenses
Other Expenses not included above
Total Monthly Expenses
Estimated Remaining Monthly Amount after Expenses:
This is an estimate on what you would have left after your expenses that you would have available for housing. The recommendation is not to spend all of the amount on your housing.
Rent Estimates Based on Gross Income:

Please remember this is only to be used as a guide.
Low Rent Estimate(15 % of Gross Income):
Spending 15% on rent may allow you spend your money on other expenses and/or save money. This is a below average amount of your income to spend on rent.
Mid Rent Estimate (25% on Gross Income):
Spending 25% on rent may allow you to strike a balance between life activities/expenses and savings. Spending 25% of your gross income on rent could give you this kind of balance.
High Rent Estimate (35% of Gross Income):
You are willing to make other expense choices to live in this space. Remember that some landlords will not rent if the rent is more than 35% of your gross income.
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Rent Affordability Calculator

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