Newton Rent Calculator
Once you have this number, then you can get started on your apartment search by contacting one of the agents found on Newton Pads. But first, there are a few other things to consider when calculating your budget:
For a quick and easy estimate of how much you can afford generally, most people aim to keep their rent between about 25% and 33% of your monthly total income. To arrive at this number, all you have to do is take your total income and divide that number by 40.
Now that you have that general baseline, you can adjust your budget based on some of these other factors.
Another thing to keep in mind when calculating your budget is other monthly costs beyond rent. Costs like utilities and any insurance will also need to be factored in.
Finally, don’t forget to think about your lifestyle expenses too. These could include costs like parking, gym, or public transportation. Other factors to consider are entertainment, travel, dining out, and groceries.
With a solid idea of how much your budget should be, you can start your search the right way. This will help you avoid getting excited about apartments that you just won’t be able to afford. You’ll also be able to get your apartment search done in a more effective and efficient manner. So, give the rent calculator a try and then get in touch with one of the agents found on Newton Pads.