Using this rent calculator is really as straight forward as it gets. Enter the amount you’d typically see on a paycheck i.e. what you get paid after taxes and other deductions, select how often you get paid, choose how many roommates you’re going to have, and finally at the bottom of that first little brown box hit the ‘calculate rent’ button. If your deductions all pile up on one paycheck than just enter what you’d typically see in any given month instead.
To live fairly comfortably you could afford $0 a month for rent.
“This rent calculator's formula is based on guidelines provided by the U.S. Department of Housing and Urban Development. They suggest an individual or household should spend no more than 30% of their gross income on rent and utilities. Unfortunately that percentage is based more on politics than realism. We estimate most people can live fairly well spending up to 40% of their income on rent and utilities.