{ "media_type": "text", "post_content": "How much should one spend on rent per month? In respect to % of earnings? I know that people say 1/3 but what do you guys think.", "post_id": "6056f9af0d9401002a6c2613", "reply_count": 6, "vote_count": 4, "bowl_id": "59e88be7e2808e00149b0443", "bowl_name": "Women In Consulting", "feed_type": "bowl" }

How much should one spend on rent per month? In respect to % of earnings? I know that people say 1/3 but what do you guys think.

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Most of the time it’s calculated as 30% gross pay, not net pay.

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30% max of take-home pay

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Depends on the person. Some people like having amenities and a better location, etc. so it's worth it to them to pay more. I personally see renting as a necessary evil because I'm not 100% committed to settling down in one place and finding a house, hence why I wouldn't want to pay more than 30% max. I don't think you should feel guilty about it but rather, reevaluate what your wants/ needs are and decide if $1400/month is too steep or not

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I think it depends on where you live, hard for it to be 30% in a HCOL city but you get other perks like social life. What’s important to you? What stresses you?

25% of take home pay in NYC living alone. When I was starting my career it was closer to 40%.

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