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Rent or Mortgage. You should expect to spend between 25 to 30 percent of your net income each month on rent or mortgage. Landlords and property managers typically require you to make at least 2.5 to three times the rent to qualify as a tenant.
Generally speaking, your rent should be somewhere around 30% of your income. Some people can stretch that figure a bit more, but for most people, 30% is a wise range that will allow you to meet all your other living and entertainment expenses and that will still allow you to save for retirement or to put money aside in case of an emergency.