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what's the easiest way to see if I can afford to move out? (kbin.earth)

submitted 18 hours ago by [email protected] to c/[email protected]

15 comments fedilink hide all child comments

I can easily find things like rent, internet, insurance prices, but how do I find things like grocery prices? I honestly don't even know what an average grocery list might look like, are there resources to help with this? my gf and I are looking into moving out, and assuming a monthly income of ~4400 USD and rent being 500 USD, I think we should be okay, but I need to be 100% that we won't be barely scraping by or anything. thank you everyone

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[–] [email protected] 3 points 16 hours ago (2 children)

in the olden days it was 1/3rd your income but that rule does not work in todays housing prices.

[–] [email protected] 2 points 16 hours ago (1 children)

I thought housing was supposed to be 30%

for us it would actually be close to 20%

[–] [email protected] 2 points 16 hours ago

holy crap 20%. I actually do a third and consider myself to have a nice housing deal for my area.

[–] [email protected] 1 points 16 hours ago

The classic advice, which is still good today, says to spend no more than 1/3 of pretax income on housing.

The poor often spend a lot more than 1/3 on food, and the rich never do.