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2 Bumps

If you had?

an income of 55-60 thou a year, what do you think would be a reasonable rent payment on a house? In other words what would be the optimal amount of rent we should pay with that income and a $400 car payment? Would $1500/ month be stretching?

Answer Question

Asked by Anonymous at 10:07 PM on Jul. 13, 2011 in Money & Work

Answers (7)
  • It would be too far of a stretch for us with our other living expenses. We pay $1000 monthly mortgage and that's comfortable. Our car payments are $500 a month and I'm sure our other bills differ from yours also. :)

    Answer by Anonymous at 10:10 PM on Jul. 13, 2011

  • $1000.00 or less.

    Answer by louise2 at 10:25 PM on Jul. 13, 2011

  • agree 1000 or less

    Answer by jenni_j at 11:27 PM on Jul. 13, 2011

  • I could pay $1500/month on a 60k income, but I am good at stretching our money and we budget well. With the car payment it would be very tight though - no money for fun.

    Answer by missanc at 8:59 AM on Jul. 14, 2011

  • 25% or less than your take home.

    Answer by Candi1024 at 9:44 AM on Jul. 14, 2011

  • If I made that much, I'd just buy a home. I actually make quite a bit less than that and bought a home and have a $305 mortgage.

    Answer by Anonymous at 10:02 AM on Jul. 14, 2011

  • we pay 850 and live comfy

    Answer by kaylan3 at 9:27 PM on Jul. 15, 2011

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