Hey... Love your videos on Irvine.. Just wondering what would you say will be a good annual income for a family of three planning on renting a house in Irvine? Our daughter will be starting Kindergarten soon too... So for a good standard lifestyle and living in Irvine, how much would be the minimum salary requirement ?
Hey. Since everyone's expenditures are different, a resource you could check out is Zillow's median rental price, and then go from there: www.zillow.com/rental-manager/market-trends/irvine-ca/. Every landlord has their own qualifying criteria and deposit requirements. Good luck in your search.
I'll take a stab at it. Depends on the amount of rent - if you mean a standalone home rental - plan on $5000/mo for budgetary purposes. Then add your other normal monthly budget items for your expected monthly budget. Net take home pay should cover that. Common rule of thumb is housing expenses should not exceed 36% of your gross (Pre tax) income. Based on $5000/mo rent, you would need $13,888/mo gross monthly income. The 36% rule is hard to hold to in places like Irvine.
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Very informative and this helps out a lot
I love your content. So autentic. Prices are becoming crazy. Third world stuff
Hey... Love your videos on Irvine..
Just wondering what would you say will be a good annual income for a family of three planning on renting a house in Irvine? Our daughter will be starting Kindergarten soon too...
So for a good standard lifestyle and living in Irvine, how much would be the minimum salary requirement ?
Hey. Since everyone's expenditures are different, a resource you could check out is Zillow's median rental price, and then go from there: www.zillow.com/rental-manager/market-trends/irvine-ca/. Every landlord has their own qualifying criteria and deposit requirements. Good luck in your search.
I'll take a stab at it. Depends on the amount of rent - if you mean a standalone home rental - plan on $5000/mo for budgetary purposes. Then add your other normal monthly budget items for your expected monthly budget. Net take home pay should cover that. Common rule of thumb is housing expenses should not exceed 36% of your gross (Pre tax) income. Based on $5000/mo rent, you would need $13,888/mo gross monthly income. The 36% rule is hard to hold to in places like Irvine.