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How much to spend a month on Rent?
Posted on 3/16/13 at 1:50 pm
Posted on 3/16/13 at 1:50 pm
Flying up to Massachusetts in 2 weeks for a final interview with a company.
If i get/take the job i would be living there for roughly 2 /12 - 3 years doing training and working, then i would move to a hub somewhere.
i would get a company car, all benefits and starting salary of 41,000.
since i wont be paying car insurance and i will be getting a company phone what would be a reasonable price per month for rent?
considering most of my expenses are being paid for i would feel comfortable spending around $1,000 a month or a little over.
does that seem about right or am i missing some HUGE expense that will drastically change my mindset?
If i get/take the job i would be living there for roughly 2 /12 - 3 years doing training and working, then i would move to a hub somewhere.
i would get a company car, all benefits and starting salary of 41,000.
since i wont be paying car insurance and i will be getting a company phone what would be a reasonable price per month for rent?
considering most of my expenses are being paid for i would feel comfortable spending around $1,000 a month or a little over.
does that seem about right or am i missing some HUGE expense that will drastically change my mindset?
10
Posted on 3/16/13 at 1:58 pm to Wooly
I made 32k when I 1st started working... Paid $980 for rent.
You situation is completely doable with the stuff you already have paid for
You situation is completely doable with the stuff you already have paid for
Posted on 3/16/13 at 1:59 pm to Wooly
quote:
comfortable spending around $1,000 a month or a little over.
this
quote:
am i missing some HUGE expense that will drastically change my mindset?
none that I can think of for renting. just make sure you get renter's insurance. should only be like 20/month, if that. and of course remember to budget your utilities and internet/tv cost.
Posted on 3/16/13 at 1:59 pm to Wooly
I wouldn't spend that much on rent. If you start contributing 15% to a 401K on that money then you'd be spending about half of your take home pay on rent.
I would try to find something between 700-900
Do they pay for fuel as well?
I would try to find something between 700-900
Do they pay for fuel as well?
Posted on 3/16/13 at 2:00 pm to Wooly
sounds about right, what line of business? entry level position?
Posted on 3/16/13 at 2:01 pm to Powerman
to my knowledge they would
and for all i know i may get up there and they already have a condo for me... ill find out more when i do the final interview.
and for all i know i may get up there and they already have a condo for me... ill find out more when i do the final interview.
Posted on 3/16/13 at 2:02 pm to Zilla
quote:
what line of business?
dont want to say because then its pretty obvious where i am interviewing with
quote:
entry level position?
yea, looking for the place i can get the best training and best place to move up
Posted on 3/16/13 at 2:03 pm to Wooly
You're looking at about 3400/month pre taxes. Say after taxes you're looking at about 2600. I wouldn't spend more than 1000 no (rougly 40%) on rent. Do factor in you will have to pay utilities, such as electric, water, cable, etc. That can add up to a couple hundred a month. Are you paying the gas on your car? again something that adds up. I always say that you shouldn't spend more than 60% on living expenses such as rent and food and bills. 30% on enjoyment and 20% to savings.
Posted on 3/16/13 at 2:07 pm to Wooly
quote:
to my knowledge they would
That would definitely impact your approach depending on what type of commute you have. If you're close to work and other things it might not be a big issue.
quote:
and for all i know i may get up there and they already have a condo for me...
I hope so
Posted on 3/16/13 at 2:37 pm to TogaParty
quote:
Say after taxes you're looking at about 2600
Maybe in years past... But not with these tax rates and your missing healthcare
Posted on 3/16/13 at 2:45 pm to BACONisMEATcandy
I don't know what taxes are up there, and I spitballed based off what I have taken out every month. My pay check varies though so not the best comparison 
eta: Which just furthers my point. I would NOT be spending 1000 just on rent.
Our apt. complex requires the household to make 3x the rent($1300) just to qualify.
eta: Which just furthers my point. I would NOT be spending 1000 just on rent.
Our apt. complex requires the household to make 3x the rent($1300) just to qualify.
This post was edited on 3/16/13 at 2:54 pm
Posted on 3/16/13 at 3:04 pm to Wooly
I am in about the same situation, except I have a ten year old truck and I am about to buy a new one. I just started fulltime 8 months ago, making 50k but bring home about $2900 after taxes, HSA, insurance, 401k, etc. I pay $980 for my half the rent and I wish I would have shopped around more... but the location is excellent in Houston. I also have student loans, saving for a new car and a house, engagement ring, etc. so you may be able to get by on that....seems too high though.
This post was edited on 3/16/13 at 3:05 pm
Posted on 3/16/13 at 3:05 pm to TogaParty
quote:
I always say that you shouldn't spend more than 60% on living expenses such as rent and food and bills. 30% on enjoyment and 20% to savings.
I'm hoping you meant 50% on living expenses
Posted on 3/16/13 at 3:06 pm to Powerman
quote:
Do they pay for fuel as well?
Definitely factor this in. A lot of apartments will include heat which can be a big expense. Look for one that also includes cable.
Posted on 3/16/13 at 3:15 pm to TogaParty
Boston, NYC, & DC are nothing like Louisiana with finding places to rent. He will have to pay around $900 a month for a decent place where he will be safe
And he will not have a 1 bedroom or anywhere close to that
And he will not have a 1 bedroom or anywhere close to that
Posted on 3/16/13 at 3:22 pm to BACONisMEATcandy
quote:
And he will not have a 1 bedroom or anywhere close to that
what do you mean?
i have never lived outside of louisiana so this would be a big change for me
Posted on 3/16/13 at 3:36 pm to Wooly
Studio in the city will be around $1500 minimum
2 bedroom 1 bath in a highrise with a short commute run around $2000
If you take the smallest bedroom in a row house with 5 roommates your looking at $650
2 bedroom 1 bath in a highrise with a short commute run around $2000
If you take the smallest bedroom in a row house with 5 roommates your looking at $650
Posted on 3/16/13 at 3:42 pm to BACONisMEATcandy
welll shite
hope the company has something lined up for me
oh this job is about an hour outside of boston
hope the company has something lined up for me
oh this job is about an hour outside of boston
This post was edited on 3/16/13 at 3:44 pm
Posted on 3/16/13 at 3:46 pm to Wooly
Prices will be better then
Still not what you were used to in LA
Still not what you were used to in LA
Posted on 3/16/13 at 3:47 pm to BACONisMEATcandy
i know things will be different, such as the heater will be more important than the AC
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