Rent in LCOL City
I know there's a lot of rules of thumb out there about how much you should pay for rent based on your income, but should that be based on base salary or base + bonus? Moving to LCOL city in a month and need a little bit of outside perspective. If I use the 30% of monthly income rule, my rent should be around $1650 for the base but $3150 for the base + bonus. The difference goes a long way in terms of lifestyle/quality of living space and I want to be sure I'm not aiming too low when I can afford a more luxurious place. Coming from a low-income family, I'm a bit paranoid about paying more than $2000 a month for rent because that adds up more than half of my dad's salary haha. What do you guys think? Should I just go based on my base salary and spend a bit more than 30% of my monthly income? How much do you think is too much to spend on rent?