How much do people usually pay for Apartment rent based on their TC?
I live in Austin, my TC is 126k and I just don't plan on buying a house for a few years. I pay 2.5k/month for my apartment. It's really nice and new. I'm happy with it. But I've had several people tell me I'm paying too much. On the flip side I see people around my apartment complex and they don't seem to be making a lot of money either. So I'm wondering, what do people usually pay for rent based on their TC? Edit: 2bedroom 2 bathroom apt.
180k, 2.1k. Buying a house in a couple of months to save rent money.
Don’t buy now please Wait for recession plz
Yeah initially I was worried about it too. But I am not seeing any concrete data anywhere, except for people mentioning it casually on Blind. I hope I am not wrong. I just don’t wanna extend my lease and wait for one more year.
120k , $750. I also think you’re paying too much, I agree with the people that told you that.
Where do you live? Is it a studio?
Two bedroom. But for a studio or one bedroom, even the luxury ones are like 1.2-1.8k. Cheaper studios/1BR are around 1k
Most of the people in your apartment are probably living paycheck to paycheck
Singapore, 100k usd TC, 1k rent
My mortgage payment (principal + interest + insurance + tax) is $2800. Wife + me combined TC is $350k. Probably will upgrade the house in a year or two.
Where do you live if you don’t mind me asking. I’m in the Bay Area and its nowhere near that price range
TC with spouse 377k we pay 2.5k in rent and are buying a condo and will be paying 3.5k for mortgage, utilities, HOA and insurance. I agree, you’re paying too much, either downgrade or get a roomie/SO lol
$198k. $1k/month. Your cost are definitely too high
Where are you located? How many square feet?
Chicago, 2 roommates, 2,800 sqft. We got lucky finding the place. Plenty of bargains to be had with a little searching
You are paying too much. Remember rent is reoccurring payment,so it adds up quickly. If you can get something with $2k, you are saving $6k a year. You can travel the world with this. You should spend less than 25% of your AFTER tax income on rent
Yeah I'm looking for these numbers: 25% after tax
Way too much. Slow your roll, pimp daddy Me and fiancee: ~400k TC. 1bd luxury apartment in Austin: $1500
230k, 2.6k, trying to moving to somewhere with lower rent next year in boost savings