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Rent Affordability Calculator

Affordability Calculator for Rent

For most people, housing is one of the most significant expenses in their lives. Finding affordable rental costs gives remote workers more financial stability and flexibility. Whether looking for a home with better office space or planning to relocate, RemoteCorgi helps you calculate the housing budget you can afford or the income you need for your ideal home.

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What would you like to calculate?

Calculate how much rent you can afford

Calculate income needed for desired rent

10%20%30%40%50%

The UK standard is 30%. Lower percentages provide more financial flexibility.

Rent Affordability Results

Enter your income information

Fill in the form above to calculate your rent affordability

Step-by-Step Guide

How can you calculate rent affordability?

Calculate your monthly housing cost you can afford or income you need in just 4 simple steps:

Choose Your Calculation Method

Decide whether you want to calculate affordable rent using your gross annual income or the income needed for a specific monthly rent.

Enter Your Income or Rental Rate

If you calculate affordable rent, enter your gross annual income. If you calculate the income needed, enter the specific monthly rent amount.

Adjust the Affordability Percentage

Use the slider to set your affordability percentage (10-50%). The UK standard is 30%, but you can explore various scenarios. Lower percentages (10-25%) offer more financial stability and flexibility, while higher percentages (35-50%) provide fewer opportunities for savings and emergency funds.

View Your Results

See your affordable monthly rental rate or annual income needed based on your selected percentage. Compare this to the recommended range (25-28%) to plan your housing budget.

Rent Affordability Calculator

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Frequently asked questions

Have more questions? Visit our about page or get in touch with Frederic, Co-Founder of RemoteCorgi.

What is a rental affordability calculator?
Our free tool helps you to determine what rental rate you can afford based on your income or shows the income needed for a specific rental price. Use the affordability percentage to analyse and manage sustainable housing costs.
Can I use the rental affordability calculator for free?
Yes, it is completely free and requires no sign-up. Explore various scenarios to compare rental options. Ideal for remote workers looking for a home with better office space or those relocating to a new area.
How does the rental affordability calculator work?
It calculates the percentage of your gross monthly income that goes toward your rental cost. For example, with a gross annual salary of £50,000, your monthly income is £50,000 ÷ 12 = £4,166.67. At 30%, your affordable rent is £4,166.67 × 0.30 = £1,250.
What percentage should I aim for?
The UK recommends spending 30% of your gross monthly income on rent, but a range of 25-28% is safer, allowing for more savings and emergency funds or extra costs. Spending under 20% maximises stability and flexibility but may limit choices, while over 35% is risky and reduces your financial cushion.
Why is this calculator useful for remote workers?
Remote workers have the flexibility to work from anywhere, which means you don’t need to live near your office. This calculator helps you understand what housing cost you can afford with your income, or what income you need to live in your ideal home with a better office environment, or relocate to a more affordable area. The adjustable percentage slider shows you various scenarios.

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Disclaimer: We have taken great care and gave our best effort to ensure the accuracy of the information provided by this Rent Affordability Calculator. However, RemoteCorgi does not accept responsibility for any errors or omissions and makes no guarantees or warranties regarding the correctness of the results generated by this free tool. By using this tool, you agree not to hold RemoteCorgi liable for any consequences, issues, or damages arising from any inaccuracies in the results produced. We recommend double-checking all results and contact us if you have any questions, feedback or concerns.