# Apartment Cost Calculator

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Are the other cities on your list more or less affordable than your current home? That’s where a cost of living calculator (like the one above!) can help. The biggest expenses we all face can vary significantly from one place to another. Living Expenses. Let’s talk about the factors that go into estimating your cost of living.

In this building cost-calculator unenclosed covered areas are not included in the gross floor area. Building cost rates per square metre – a disclaimer estimated building costs only provide an indicative value of the likely cost of rebuilding a building within that category.

To calculate each city’s cost of living, Move added the city’s average rent for a one-bedroom apartment to the average costs of utilities, internet, food, and fuel according to Numbeo.com. The list.

Apartment communities look for an annual income that is 40 times your monthly rent. So if you have a \$35,000-a-year job, the maximum rent you can afford is \$875 per month. Others look for 30% of your monthly income, but in reality, these two methods are just two different mathematical ways to get to the same place.

The splitwise rent-splitting calculator. Moving into a new place? We’ll tell you how to split the rent fairly, based on room size, closets, bathrooms, and more.

How to value an apartment building. If you’re reading this, I assume you’re more-than-a-little-bit interested in buying apartment buildings. But what to buy? Put another way: Of all the buildings on the market, which are the "good deals"?

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Once you finish your calculations, plug in the results of our How Much Rent Can I Afford Calculator right into your RentLingo apartment search. You can search for apartments based solely on your budget. RentLingo’s apartment reviews and ratings so that you can narrow your search to the best apartments possible that will fit your budget.

Description of the My First Apartment’s Affordable Rent Calculator: 1.) The above easy-to-use calculator uses the formulas from this post for calculating your maximum affordable rent. (Note: If you are paid hourly, you should also check our post How Much Rent Can I Afford on My Hourly Pay?. If you have a fixed salary, the calculation is pre-tax annual salary divided by 40.