Rent Affordability Calculator
This rent affordability calculator will allow you to gauge what the rent expenditure levels are for your annual income level. The ratings of ‘conservative’, ‘safe’, ‘standard’ and ‘aggressive’ peg your weekly gross income to the amount that is to be spent on rent. The higher the amount spend on rent naturally the higher the risk in term of saving ability, emergency expenses, etc.
Total annual income before tax
$
Conservative
15%
15%
Safe
20%
20%
Standard
25%
25%
Aggressive
30%
30%
Suggested weekly rent
Estimated weekly utilities (usually 20% of rent)
Maximum housing expense (rent + utilities)
Savings target to move out (4 weeks rent)
