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Started By
Message
How much rent can a young person afford on 60k income?
Posted on 5/3/17 at 3:27 pm
Posted on 5/3/17 at 3:27 pm
or in this specific case, a young couple with 60k in combined income? My son is getting married soon and they are looking for a place. Both schoolteachers.
They don't want some apt complex out in the burbs. Would be happier in a shotgun double. I'm thinking anything decent will be at least $900 and up.
Sorry.... NOLA area.
They don't want some apt complex out in the burbs. Would be happier in a shotgun double. I'm thinking anything decent will be at least $900 and up.
Sorry.... NOLA area.
This post was edited on 5/3/17 at 3:35 pm
50
Posted on 5/3/17 at 3:28 pm to Slippy
Way too much info missing to give anything approaching an accurate answer.
Posted on 5/3/17 at 3:28 pm to Slippy
What city?
Posted on 5/3/17 at 3:28 pm to Slippy
Are they living in San Francisco or Bawcomville?
Posted on 5/3/17 at 3:28 pm to Slippy
What city?
Posted on 5/3/17 at 3:28 pm to Slippy
Location?
Posted on 5/3/17 at 3:29 pm to Slippy
In NOLA?
600sq ft in a sketchy neighborhood.
Fwiw, 60k should easily be able to do 1200 a month.
600sq ft in a sketchy neighborhood.
Fwiw, 60k should easily be able to do 1200 a month.
Posted on 5/3/17 at 3:29 pm to Slippy
Depends on other factors. Debt? What city?
Posted on 5/3/17 at 3:29 pm to Slippy
El cid
Posted on 5/3/17 at 3:29 pm to Slippy
ABOUT TREE FIDDY
Posted on 5/3/17 at 3:29 pm to Slippy
What city? (transportation and food, etc expenses)
Posted on 5/3/17 at 3:29 pm to Slippy
How low/high are their other expenses?
Posted on 5/3/17 at 3:29 pm to Slippy
$1350
Posted on 5/3/17 at 3:29 pm to Slippy
My gf and I combine for 75k ish and live comfortably at $1350/month. We also have a roommate though.
I would guess that $1100-1300 is a fair range for them
I would guess that $1100-1300 is a fair range for them
This post was edited on 5/3/17 at 3:31 pm
Posted on 5/3/17 at 3:29 pm to fillmoregandt
quote:
Bawcomville?
How you know about Bawcomville?
Posted on 5/3/17 at 3:30 pm to bmy
quote:
My gf and I
quote:
live comfortably
quote:
roommate
Posted on 5/3/17 at 3:30 pm to Slippy
30% of their income.
So 60k would be 18k per year, or 1,500/month. That's not including utilities and renters insurance, so I personally would set that as the cap if it were me.
So 60k would be 18k per year, or 1,500/month. That's not including utilities and renters insurance, so I personally would set that as the cap if it were me.
Posted on 5/3/17 at 3:30 pm to Slippy
Unless they aren't sure about where they want to anchor down, If they're going to pay that much they should put that money on buying a starter home.
Posted on 5/3/17 at 3:30 pm to Slippy
quote:
Would be happier in a shotgun double.
Not anywhere safe in NOLA for $900
Posted on 5/3/17 at 3:31 pm to LNCHBOX
Nothing like the old live in love triangle
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