How Much Is Too Much Rent? - KALB-TV News Channel 5 & CBS 2

How Much Is Too Much Rent?

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Do you think you're spending more of your check on rent than you should? You probably are! 
New numbers from real estate tracking firm Realtytrac show a third of americans live in a housing market where rent for a three-bedroom home eats up more than 30-percent of their monthly median income. 30-percent is traditionally the max you should pay on rent for it to be considered affordable.

Real estate experts say spending too much on rent can hold you back  by preventing you from taking a lower paying job with more advancement opportunities or from saving money to buy a home, getting you out of the rent game permanently.


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