You can spend 30% of your weekly salary on house rent. This is a suggested rental percentage, but it also depends on your other expenses.
For example, if you earn $0.00 per week, your monthly salary would be $0.00. So, you can afford house rent up to 30% of your salary, which is $0.00 per month.
How much rent can I afford making $1200 per week?
This calculation is based on 5 working days a week and 8 working hours per day. In the United States as well as some other countries, 8 working hours per day and 5 working days a week are the general rule.
A common rule of thumb is to spend up to 30% of your gross income on house rent. This means if you make $1000 a week, you’re spending $300 on house rent.
Of the remaining $700, you can spend 50% on groceries, transportation, health, loans, and many other expenses, and 20% on your savings. This is considered a standard rule for your earnings (50/30/20).
| Estimated Monthly Expenses | Amount |
|---|---|
| Maximum rent you can afford | |
| Transportation (14.5%) | |
| Grocery (12.7%) | |
| Insurance (10.4%) | |
| Health (7.5%) | |
| Entertainment (5.7%) | |
| Maximum savings on your salary (19.2%) | |
| Recommended rent based on your salary |
Salary Conversion
| Salary Type | Amount |
|---|---|
| Yearly Salary | |
| Monthly Salary | |
| Weekly Salary | |
| Daily Salary |
Median weekly paycheck (USA)
The median weekly earnings of full-time wage workers were $1,145 in the fourth quarter of 2023, according to the US Bureau of Labor Statistics.
Men:
Median weekly earnings were $1,403 for men aged 35 to 44, $1,401 for men aged 45 to 54, and $1,388 for men aged 55 to 64.
| Age (Men) | Weekly Earning |
| 35 to 44 | $1,403 |
| 45 to 54 | $1,401 |
| 55 to 64 | $1,388 |
Women:
While for women, the average weekly earnings were $1,172, aged 35 to 44, $1,145 aged 45 to 54, and $1,101 aged 55 to 64.
| Age (Women) | Weekly Earning |
| 35 to 44 | $1,172 |
| 45 to 54 | $1,145 |
| 55 to 64 | $1,101 |
The average weekly earnings of men and women aged 16 to 24 were $761 and $707, respectively.
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