Let’s figure this out step by step.
- Calculate your monthly income:
- $15/hour × 40 hours/week = $600/week
- $600/week × 4.33 weeks/month ≈ $2,598/month
- Recommended rent limit:
A common guideline is 30% of your gross monthly income for rent.- 30% × $2,598 ≈ $779/month
✅ So, if you make $15/hour full-time, you can afford around $770–$780/month for rent.