HOUSING SPENDING CHART Based on your income

[850credit]

https://www.cnbc.com/2024/11/14/how-much-to-spend-on-housing-depending-on-your-salary.html

 

[doe moe]

How much you can afford to spend on housing, based on your income​

Here’s a look at how much you can afford to spend on housing at different income levels if you’re aiming to stay within a 30%, 40% or 50% threshold.
The maximum amount you can put toward monthly housing costs without spending more than 30% of your gross income:

• $30,000 income: $750
• $40,000 income: $1,000
• $50,000 income: $1,250
• $60,000 income: $1,500
• $70,000 income: $1,750
• $80,000 income: $2,000
• $90,000 income: $2,250
• $100,000 income: $2,500
• $110,000 income: $2,750
• $120,000 income: $3,000

The maximum amount you can put toward monthly housing costs without spending more than 40% of your gross income:

• $30,000 income: $1,000
• $40,000 income: $1,333
• $50,000 income: $1,667
• $60,000 income: $2,000
• $70,000 income: $2,333
• $80,000 income: $2,667
• $90,000 income: $3,000
• $100,000 income: $3,333
• $110,000 income: $3,667
• $120,000 income: $4,000

The maximum amount you can put toward monthly housing costs without spending more than 50% of your gross income:

• $30,000 income: $1,250
• $40,000 income: $1,667
• $50,000 income: $2,083
• $60,000 income: $2,500
• $70,000 income: $2,917
• $80,000 income: $3,333
• $90,000 income: $3,750
• $100,000 income: $4,167
• $110,000 income: $4,583
• $120,000 income: $5,000

 

[Deezz]

Charts like this are like BMI charts.

Too many variables apply.

Everyone is built differently just like how people spend their money is all relative.

The guy that makes $100K w/ a $1,000/wk coke habit.... how much does he really have to spend on housing now?

 

[osirianprncpl]

Most people haven't come to understand that you don't calculate your expense affordability from your gross income, but from your net income. Its no wonder why people debt level is through the roof.

 

[Rudey]

Most people haven't come to understand that you don't calculate your expense affordability from your gross income, but from your net income. Its no wonder why people debt level is through the roof.

Exactly!

The perspective should be what you take home.

 

[34real]

My ol man would say after you pay all of your bills for that month,what you have leftover is all that matters and if you don't have much you better figure some shit out.

I don't want to drive my dream car,live in my dream house,do unneccessary traveling and just spending money for no reason....I come across so many people who just spend money for no damn reason,like it's burning a hole in your pockets,you bored and don't have nothing to do.