How much rent is reasonable?
July 7, 2005 1:47 PM Subscribe
Is there a formula somewhere that will help me determine how much I should be paying for rent based on my income? I’m moving to Boston, and I think I am looking at places in the correct price range, but how can I be sure? Let’s say my partner and I make a combined income of $65K. Is there an online tool that can help me plug in my estimated monthlies and come up with the declaration: Since you are living in TownX, you should pay between Y and Z in rent. Any more, and you’re going to be setting yourself up for disaster!