How much rent can I afford
- What it asks for
- income, household size
- Source
- Eurostat
How much rent can I afford here is computed against Eurostat. The inputs are shown, the assumptions are written down, and the result is a range rather than a single number wherever the underlying data supports only a range.
The question here is what share of an income should go on rent, and the answer comes from the income and from a stated rule rather than from any rent figure. The rule is written on the page: thirty percent of gross pay is the convention most landlords and lenders use, thirty five is the ceiling beyond which the rest of a budget starts to give way, and both are conventions rather than measurements. What the calculator cannot do is tell you whether the budget it produces is enough in a particular city. That needs a rent level for that city, the published European series is an index of how rents have moved and not a price, and a number invented to fill the gap would be the only wrong answer this page could give.
On 3,000 a month, in whatever currency you are paid, the thirty percent rule leaves 900 for rent and the thirty five percent ceiling leaves 1,050. Both are the same proportion in every country, which is why no currency is named.
The method is not a secret and not a model anybody has to trust. The tool reads the published values from Eurostat, applies the arithmetic the page describes, and shows the year of every value it used, so a reader who disagrees with the answer can see exactly which number they disagree with.
What a monthly income leaves for rent
| Monthly income | At 30 percent | At 35 percent |
|---|---|---|
| 1,500 | 450 | 525 |
| 2,500 | 750 | 875 |
| 3,500 | 1,050 | 1,225 |
| 5,000 | 1,500 | 1,750 |
| 7,000 | 2,100 | 2,450 |
Questions
Where do the numbers come from?
How much rent can I afford computes against Eurostat. Every figure it uses carries the institution that published it and the year it describes.
Is the result a quote?
No. It is an estimate from published statistics, and it says which statistics and for which year. Anything binding has to come from whoever is going to charge you.
Related pages
Sources
- Eurostat