If you pay in rent $2500, you need a monthly income of $8333.33. This calculation is based on the “50 | 30 | 20” rule, which is considered a standard for your good financial condition.
The main purpose of 30% of your salary in rent is so that you can spend on other essentials like grocery, transportation, health, education, etc.
If you spent $2,500 on rent, your salary should fall within the following time frame as a general rule of thumb. To know more about rules and house rent percentages please see here.
| Salary Type | Income |
|---|---|
| Hourly | – |
| Daily | – |
| Weekly | – |
| Monthly | – |
| Yearly | – |
Note: Salary calculation is based on 8 working hours per day, 5 working days in a week, and 40 working hours in a week.
According to data from the US Labor Bureau, the average person spends a maximum of 33% of their salary on house rent.