I've searched around, and it appears the common guideline for considering rent amounts is not to go over one-third of your monthly salary.
The trouble I'm having is that I currently live with a friend for only $200 per month (all included). To move out, I would need to get a single bedroom for $770 per month + utilities + internet. So the rent would jump to about $980 per month. I make 45k per year, and I have no debt and no car payment. According to this rent calculator
, I am in an affordable bracket.
I know that you all will say, "Stay with your friend!" However, I've stayed with my friend for nearly four years now, and he has a family. They have been very kind in allowing me to stay here, but I feel that it is time for me to move on.
I have searched and searched for roommates, but I live and work in the suburbs, and I'm not from around here. I've had a couple of opportunities come up and disintegrate over the last few months, and so I am getting discouraged trying to find a roommate.
Is the studio apartment for $980 per month a bad idea? I am having a hard time thinking about it logically because it's such a huge jump in my payments. It almost feels irresponsible. What would you do?