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re: How much rent can a young person afford on 60k income?
Posted on 5/4/17 at 7:28 am to The Mick
Posted on 5/4/17 at 7:28 am to The Mick
quote:
How low/high are their other expenses?
this is the biggest question and the biggest factor.
They are roughly bringing home about 3500 to 4k a month after taxes? With no other debts, they would probably want to stay int he 1k range to be able to do what they want and still put money away to buy a house in a few years. If they are riddled with credit card debt and/or student loans then they would want to go around the same or lower and put the money towards paying down debt first.
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