What salary do I need to afford a 1,500 dollar apartment per month Submitted by JimmyCasket84 t3_zry9qj on December 21, 2022 at 7:28 PM in Newark 16 comments 4
SkyeMreddit t1_j15na5o wrote on December 21, 2022 at 9:08 PM Rule of thumb is to multiply the Monthly rent by 40 to calculate what is affordable at your annual salary. HUD defines it as being affordable at 30% of your salary and multiplying by 40 makes the math easy Permalink 3
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