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How much of your salary should you spend on rent?

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0 2024-04-22T08:02:06+00:00
I think the cost of living is disproportionately affected by expensive rental housing. In a metro city, rent for housing often accounts for half of the income of a household. But what percentage of salary should be rent India" rel="ugc">Pay Your Rent Through NoBroker And Earn Rewards and Cashbacks. Read More: How Much Rent can be Paid in Cash: Legal Guidelines in India?
2 2021-07-29T14:01:31+00:00

A report published in the year 2018 stated that 28% of Urban India lives in rented accommodation. Usually salaried employees have a monthly budget to stick to, they plan out in advance how they will spend their money. When it comes to renting an apartment, there are budget constraints, utility bill payments, daily expenses and miscellaneous expenses. So a common question which arises is how much of your salary should you spend on rent">If you are unsure if the rent asked by the property owner is legit or not, you can check out NoBroker Rentometer.

Just enter your location, building or apartment details and you will know how much rent you should pay. 

I hope this answer was helpful.

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