March 11th, 2010
I would say at least 144,000 a year
You should not have more than 30% net income dedicated to whatever residence you pay. Net income means your take-home pay, AFTER taxes, contributions, social security, etc. So that's $120K/yr or $10k/month.
On another note, I assume you're living in a high cost of living area, such as NY. $3000/month on just an apartment is awfully steep; nice houses can be bought at that range in other areas.It depends on what the community requires, sometimes your monthly income will have to be 3 or 3.5 the amount of the monthly rent. So take the 3000 multiple that by the required price and then multiply that by 12. Of course this is a very rough estimate. is buying not an option?about 100,000 to 120,000 per year#If you have any other info about this subject , Please add it free.# |
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