If I make 80k a year in Chicago how much should I be spending on rent?

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I live in Chicago! Luckily there are lots of great apartments for not too expensive. When I was making $92k I felt comfortable paying $1400/mo (I also have massive student loans though) I also have friends who are comfortable paying 2k on a $120k salary but that’s the highest I’ve heard of anyone paying here and I wouldn’t advise it. Roommates are great.

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Think of third of your income
Which will be third of your monthly income post tax

So it’s after taxes?

Yep

25%

You could use a 50/30/20 rule as a starting point for your budget. But you really want to figure out what your goals are, what debts you need to pay, and what else you want to spend your money on.

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Live with your parents

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Let me know if interested.(Female)
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