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What Is the 30% Rule?
The 30% rule is a widely used guideline that says you should spend no more than 30% of your gross income on housing costs (rent or mortgage). If you spend more than 30%, you may be considered "housing cost-burdened" by HUD standards.
This calculator compares your income against actual median rent data from the Census Bureau to see where you stand. Keep in mind that the 30% threshold is a guideline, not a strict rule. Your actual comfort level depends on other expenses, debt, and financial goals.
Data Source
Rent figures are median gross rent from the US Census Bureau American Community Survey 5-Year Estimates.