Question 1

How much income do I need to live alone?

Accepted Answer

A common guideline is that housing should be no more than 30% of your take-home income. For example, a $1,500/month studio would require at least $5,000/month in income. Use this calculator for a full breakdown based on your specific city and lifestyle.

Question 2

What is the 50/30/20 budget rule?

Accepted Answer

The 50/30/20 rule suggests spending 50% of take-home income on needs (rent, transport, food), 30% on wants (dining, entertainment), and saving 20%. This calculator shows exactly how your budget maps to that framework.

Question 3

Is it cheaper to live alone or with roommates?

Accepted Answer

In most US cities, sharing a 2-bedroom apartment saves $500–$1,500/month compared to renting a studio or 1-bedroom alone. This calculator lets you compare all housing options side by side for your specific city.

Can you afford to live alone?

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