Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 1 month ago

What’s the minimum amount of hourly wage you should be making to live alone?

To rent a studio apartment and live alone with no pets in Florida 

6 Answers

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  • Anonymous
    4 days ago

    St Louis home buyers from https://bitly.com/3dYDoxE

  • 1 month ago

    in western oregon?  workiing 40 hours a week?  ABout 16 bucks an hour.

  • R P
    Lv 7
    1 month ago

    That depends on what area in Florida.

    It is more expensive to live in the large urban areas, with Miami having the highest cost of living.

  • 1 month ago

    Hard to say from just your hourly rate at the rent can change and if you had other debts, that's important, and just because you are hourly that doesn't assume a certain number of hours worked.

    My suggestion is to find your average monthly pay and try to make sure the monthly pay minus other debt payments (car loan, credit card, whatever) is at least 3 times the rent; and you should be ok, assuming decent credit and references.

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  • Anonymous
    1 month ago

    Rent can be no more than 28-33% of your gross monthly income.

  • 1 month ago

    That highly depends on how many hours you are working.  It also depends on where in Florida.  There's a huge difference between Palm Beach and Sanford.  

    In general, you should be spending no more than 1/3 your pre-tax income on rent.  So figure out what rents are in the area you live and work backwards from there.

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