Moving to Charlotte w salary of 75k
How much is too much rent? 30% of my income pre tax is $1,875 but does that include rent +utilities?

Also as a new analyst should I try to live in the city to be near younger professionals

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As a wealth analyst you have to live in Upper East Side and wear a Patagonia jacket. Nothing else will work.

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Where did the hate come from lol

Look up the Axios Charlotte publication - will give you a better idea of where young professionals in Charlotte are living/what rents to expect.

Realistically, the ‘rent should only be 25% of your income’ standard no longer holds water, especially in today’s markets. If you can keep it under 30-40% of your take home pay (and you’re contributing to pre-tax retirement accounts), you’re doing well. Just make a budget and plan your other expenses accordingly.

As far as utilities, only account for those in your rent costs if they are built into your rent. Avoid apartment complexes that trap you into ‘lifestyle packages’ that force you into fancy upgrades like premium cable or HBO and upgraded internet as an add on to the “base rent.”

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I lived comfortably in South End (nice studio in a cool area, $1200/month) on $40K a year. It may have gotten more expensive with inflation tho

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My first job out of college I made $50k and paid $1500 in rent to be in the city, make friends and basically be able to do more stuff. Best decision of my life. But I ate out only once a week, cooked everyday, rationed my groceries and spent minimally on alcohol or Starbucks and I was still able to save enough for business school in 5 years. You have to pick your battles if you want to spend that much on rent and still being able to save. Good luck!
P.S. this was 10 years back in Chicago, before anyone brings up inflation and such.

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Rent should be 25% of your take home pay, you don't see that full $75k, don't try to spend it. $1875 is too much to spend on rent.

So, if take away 30% to estimate taxes and then multiple that number by 25% that should should be approximately my rent budget annually? Because I’m getting ~$1,093
Does that/should that include utilities?

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