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The Rent Increase Affordability Check applies the standard 30% rent-to-income rule to a proposed new rent. Rents above 30% are "cost-burdened" per HUD; over 50% is "severely cost-burdened." Tools like this help renters evaluate lease renewals against income reality.
Формула
New Ratio = Proposed Rent / Monthly Income × 100
Пошаговое руководство
- 1Enter required inputs
- 2Calculator outputs key result and related metrics
- 3Review and compare scenarios
Решённые примеры
Ввод
$5,000 income, $1,500 current, $1,700 proposed
Результат
34% new ratio — over 30% threshold
Распространённые ошибки
- ✕Forgetting to include all relevant inputs
- ✕Using outdated reference values
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