industry standards how much should your income be to rent
State. Monthly Rent. In order to afford this monthly rent in Alabama, you need to make at least $28.85 per hour, or $60,000.00 per year. This calculation assumes you will spend no more than 30% of your income on rent (the generally accepted standard of affordability). If you earn the minimum wage in this state ($8.25), then you will have to work 140 hours per week to have an income high enough to afford this rent.