how much of your salary should go to rent
Rule of thumb: Spend a fixed percentage of your income on housing. The general recommendation is to spend about 30% of your gross monthly income (before taxes) on rent. Therefore, if youâll be making $4,000 per month, then your rent should be $4,000 x 0.3, or about $1,200.Another way to calculate this number is to divide your annual income by 40.ips for making your housing budget work. If you are planning to live in a very expensive area, then 30% of your income (or 43% of your income minus student loan payments) might not be enough to rent even a small apartment.