Hello PF,
I'm a fresh grad in a new city, and I am currently looking for my first apartment on my own. I am finding it difficult to find a place that is 30% or less of my net monthly salary, but I am also in a rather unique situation that I wanted to know whether or not could warrant breaking the 30% rule. My situation is:
Income: $50,000/yr Rent: $1,354.29/month (around 46% of net pay)
Special situation:
-My health, dental, and vision are 100% completely paid for
-This apartment would allow me to walk to work, walk to the grocery store, walk to where I would go to hang out with friends, etc. I would only need to drive when I wanted to venture out on weekends, road trips, etc.
-I work for a restaurant company, and I am allowed $200 a month reimbursable for dining at the restaurants. All of these restaurants would be in walking distance from my apartment. Because of this, my food costs would be very low.
-My only debt is my student loans at $97 a month
So, what I'm asking is: since I won't ever need to drive and I have great benefits with all my insurance paid for and a food allowance, could I stretch my rent budget to more than 30% of my net income?
I'm feeling like this would be feasible but I wanted to get an outside opinion.
Thanks!
Submitted November 07, 2017 at 06:00PM by rjgo http://ift.tt/2At6UFF
