Rent to income?

interested in this as well. i've heard that to get rental agreements you need yearly income 40-50x what your monthly rent is

base salary = $90K rent = $36K

but then I also have 2 bonus seasons under my belt.

roughly most people i know are in the 1300-1500 range their first year ... all with 70k base and some sort of sign in. few exceptions are the people who lived w/o roommates first year.. so that's anything from 1700 to 2k-ish for their own studio

interestingly, most people do end up paying less per head (or at least rent to income ratio) after their first year.. this probably has to do with the fact that a lot overpaid first year due to lack of knowledge in the nyc rent market.

hope this helps

We're paying 1500ish for a shared, but if you include stuff like cable/internet/utilities, it pushes 1600 and as a first year on 70K in NYC, you can't really afford to pay much higher than that and still have a decent savings.

I'm doing 14% of income.

$1900/m for 1500 sq ft 2 bedroom 2 bath apartment in brand new luxury building (pool, gym, hotel, etc.) - 40th floor w/ skyline views from living room and master bedroom (yes, I have a guest bedroom), full maid service 3x per week, all utilities included.... I miss HD broadcasts of the NBA, but China also has it's perks.

I used to pay 11% of my net income. Sweet rent control... now I try not to go above a third of net, of base. Doesn't make sense to have your bonus pay the rent.

I'm paying a bit over 20% for a place in SF this summer.

I've always heard that (annual salary) >= 40*monthly rent If you make $80k, you shouldn't spend more than $2k/month in rent I don't know if "they" also consider utilities, cable, etc in with that as well, and I don't know if you're supposed to amortize any broker fee. Also, they don't tell you this, but you often need to put down a lot of money (about 5 months rent could be 10k+ on a $2k apt) for first, last, security, and broker fee (which can go up to 15%, which truly is a racket, especially with some of the sleazy brokers out there). Not sure how many college kids have $5-10k sitting around to cut a check to get their first apartment.

since were gloating about apartments apparently i have a 2 bed 2.5 bath 2 living room w/ washing machine room with second fridge in it, kitchen has sub zero viking and is porsche design and also is a duplex.. im a block from columbus circle and central park and pay 3500 a month total., around 10 percent averaged

Just under 12% in pre-tax income.

I pay $700/month (including utilities) for a large 1BR/1BA, fully renovated apartment, with a pool, sauna, my own garage parking spot. Oh yeah, and it's right next to the KU Medical Center, so I live with a bunch of smoking hot nurses and nursing and medical students. Oh yeah, and I'm in America. THAT'S to gloat for.

Dude in what fucking city do you live??

Kansas apparently

Sounds more like somewhere in Wyoming

Kansas...KU medical center didn't give it away...