Ideal Rent Calculator

Calculate Ideal Rent (R)



Formula

The formula to calculate the Ideal Rent (R) is:

\[ R = \frac{I}{12} \times P \]

Where:

Definition

Example

Let's say the annual income (I) is $60,000 and the percentage of income allocated for rent (P) is 0.30. Using the formula:

\[ R = \frac{60000}{12} \times 0.30 = 1500 \]

So, the Ideal Rent (R) is $1,500 per month.