ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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over $1000
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not much
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barely anything really
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almost $1000
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Detailed explanation-1: -In simple terms, the 30% rule recommends that your monthly rent payment not be more than 30% of your gross monthly income. To calculate how much you should spend on rent, you’d simply multiply your gross income by 30%.
Detailed explanation-2: -As of June 2022, the median rent cost for a 1 bedroom apartment is $1, 876, a 23.9% increase from June 2020.
Detailed explanation-3: -In January 2022, the national median rent had increased by 15.57 percent year over year. That added nearly $230 to median rent levels, rising from close to $1, 640 to $1, 870. The 2.37 percent yearly rise in January 2023 added $72 to the median rent level.
Detailed explanation-4: -New Bern, N.C. Median rent price: $1, 000. Rock Hill, S.C. Tallahassee, Fla. Beaumont, Texas. Winston-Salem, N.C. Shreveport, La. Las Cruces, N.M. Champaign, Ill. More items •22-Jul-2016