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35%
Rising Star
35% is the max allocation not the target. You should TRY to go lower assuming its possible given your personal, logistical, and familial needs.
Chief
For me, no more than 25% of take home. If you can't swing that by yourself, get a roomie.
I live in New York. It's not ideal but a lot of people spend 50% here. I don't think the 33% rule of thumb necessarily holds firm for these cities.
Agreed but a lot of people are on the struggle bus and hustling hard. Obviously it's not ideal.
I make like $120K a year and spend about $1700 a month with 2 roommates, incl. utilities. So about ~30%