If you pay 925.00 a month rent and my take home pay is 2500 what percentage goes to rent?
Generally, rent as a percentage of income is based on one's
GROSS income (before taxes, insurance, and other deductions). Gross
income should be obvious if you are salaried and easily calculable
by multiplying your hourly wage by 2080 if you are a fulltime
hourly employee. Obviously, working backward can be more difficult
because you must take into account your own situation and taxes.
Under the assumption you are in a 25% tax bracket, 2500 net take
home is approximately 2500 x (100 "gross"/75 "net") or just over
3300 gross income. 925/month rent is approximately 925 rent/3300
"gross" x 100% or 28% of your gross income.