I make nearly $6k a month after taxes and 401k ($127k base). Right now I spend $2.5k on a 1 bedroom in Mountain View. The facts that laundry is on site (not in-unit) and that there’s no AC are really inconvenient. I plan to move to a better apartment in the summer. I’m looking at luxury apartments that are around 3k-3.5k and am wondering how much other people would need to make before they consider spending that much on rent.
2.5k is already a pretty good apartment
Yeah around 3.5k and I had a Tc of 150k last year
As a general rule, you want to spend no more than 30 percent of your monthly gross income on housing. If you're a renter, that 30 percent includes utilities. $3K sounds low. Those apartments may be luxury in name only.
It is funny that washer and a/c are considered luxuries in bay area which someone working at FB can’t afford... When you have kids no washer is really a deal breaker.
2.5 is basically luxury
3-3.5k for luxury apartments isn’t possible in MV. Gonna have to head over to north San Jose. From 237, turn south on Zanker and you’ll see the area I’m talking about. Nice complexes. Not so nice area though.
I think you just got a bad deal for your $2.5k. if in unit laundry and AC is what luxury means to you, I'm sure you can find that for 2.5-2.8k.
Unfortunately I think it’s normal. OP is renting a 1br and not a studio
It’s all a matter of preference. I make 350k and spend 1.8k per month on rent and I’m very comfortable. No laundry in unit but I get professionals to do it.
2.5k 1br in MV? Wow. Where's this?
It depends, how much money do you want to save? Your best bet is to find roommates to get better living conditions at a lower cost.