0
What percentage of your net income or realized income should be spent on housing?
Wiki User
∙ 12y ago
25
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the maximum you should spend on housing if your gross income is 1 800 per month?
The maximum you should spend on housing is 30% of your monthly income. If your gross monthly income is $1800, you should spend no more than $540 per month.
What percentage of my monthly income should I be spending on my home rental?
The general rule is you should spend no more than half of your income on rent. The better you are doing financially, the smaller percentage of income goes towards your house/apartment.
What percentage of your take home pay should be discretionary income?
50%
How do you calculate percent of income spent in one area like housing?
You could divide that number by your total income and that should determine the percent.
What percentage of your income should go towards mortgage?
Investopedia advises that the principal, interest, taxes and insurance should not exceed 28% of your gross income.
What is the maximum percentage of net spendable income that should be set aside for housing?
The maximum percentage of net spendable income that should be set aside for housing is 38 percent. It is important to choose housing that you will be able to afford to pay for each month.
What percentage of total income should be spent on housing?
Well one is obligated to pay their rent, but if someone is going to be paying over 30% of their monthly income on rent, there is a possibility of going upside down.
Which agency should I speak too about low income apartments for seniors in Roanoke, VA?
You should speak with HUD (Housing and Urban Development), should you have questions about low income housing.
What is the maximum you should spend on housing if your gross income is 1 800 per month?
The maximum you should spend on housing is 30% of your monthly income. If your gross monthly income is $1800, you should spend no more than $540 per month.
What percentage of income should be spent on clothing?
About 4% of your net annual income.
What percentage of your gross income should go towards rent?
No more than a third of your gross annual income should go towards housing. As for rent, you should not spent anymore than 25% of your gross income. Housing - This expense should include mortgage, insurance, gas, electricity, maintenance, and phone. (according to crown.org budget guide) Rent or your monthly mortgage payment plus each of the above should never exceed 36%. 1/3 is generally a good rule just as with the 1st answer, but don' t forget that the number includes the other housing expenses.
What percentage of your income should you save?
Financial experts typically recommend saving at least 20% of your income. However, the exact percentage can vary depending on individual goals, expenses, and financial situation. It's important to create a savings plan that works best for your own circumstances.
How do I find out about low income housing?
Each city will have different low income housing rules. One should contact either the community center or a government official for the needed information.
How can I obtain low income housing in Logan Utah?
When you are looking, look up section 8 housing. This site is a good way of explaining how low income housing is obtained, and contact info for housing. ehttp://articles.directorym.com/Finding_Section_8_Housing_Utah-r890793-Utah.html Individuals and families seeking low income housing in Logan Utah should visit the Utah Housing Coalition. The coalition provides information on obtaining low income housing and also several helpful links for additional information on obtaining housing assistance.
What percentage of my monthly income should I be spending on my home rental?
The general rule is you should spend no more than half of your income on rent. The better you are doing financially, the smaller percentage of income goes towards your house/apartment.
What should I expect to pay if I am renting an apartment based on income?
Each state and organization will have its own criteria, from a fixed amount to a percentage of income. Percentage of income usually is between 25-30%.
Can you deduct BAH on taxes?
If by BAH you mean Basic Allowance for Housing. The answer is no. This is nontaxable income the military gives you to pay for housing. This money should never even get factored into your adjusted gross income though.
