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What you can afford on rent depends on a wide range of factors. The following are some examples that will influence your options: existing debt, marital status, dependents, how the $200,000 was earned, where you live, etc.
With that in mind, my guess is $3,500 a month. Assuming you don't have any major write-offs, you'll probably only bring home half of that $200k (approximately $8k per month); this assumes you are employed by some entity that deducts taxes directly from your wages. On the other hand, if you have your own business and generate the $200,000 in cash, you may underpay taxes, and hence you may be in a position to take home more than half of that $200,000 after paying your taxes, which may put you in a position to spend significantly more on an apartment.
Without more information, it's hard to give a straight answer. On the other hand, if I had to guess, I would say that $3,500 a month is about right.
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What is the average rent to average salary ratio in london?
1/3 rd payment goes to rent.
How do you know how much rent you can afford?
This is a good question!! Generally you can afford the rent if you make at least that amount net (that's "take-home") per week. For example if the rent of an apartment or house is $600 per month, you should be making that amount every week. That's easier said than done for most low-income working people (for example, one who has a full time job making minimum wage). Most people under this category end up renting a room or sharing an apartment with a roommate.
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630
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809
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750
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Mr maye spent9 percent of her monthly salary on clothes 35 percent on rent and 26 percent on food.mrs mayes salary was 25600. which expression shows much she spent?
222222233
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They couldn't afford to rent a home of their own.
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They cannot afford the mortgage or rent.
What is the average rent to average salary ratio in london?
1/3 rd payment goes to rent.
