Rental suggestions for somebody making $35k a year (apartments, health insurance)
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I don't see how it can happen. If you're grossing $35K and you're single with no kids, you're going to be hammered in taxes. You'll probably net around $25K. Your rent will probably be about 30% of that. You still have utilities like cable and phone. The cost of those depend on what you want to spend. Basic cable is probably around $20 but we're talking REALLY basic. Your cell phone can range from $20 a month to whatever you want it to cost. You have to eat (groceries are not cheap), your car is paid off but you still have to pay for insurance and then there's gas unless you can walk or bike to work or take public transportation. I'm going to assume you don't have credit cards or other bills to pay. Most apartments include utilities or at least heat/hot water or gas but you may have to pay your own electric. If that's included in the rent then that's even better. I wouldn't recommend spending $1000 on rent. You do want some sort of savings, right?
Some complexes include some utilities like gas, heat, and cable. Some apartments in homes do too. I would base it on where you work so you can limit your travel time and gas consumption and then start searching from there.
I don't see how it can happen. If you're grossing $35K and you're single with no kids, you're going to be hammered in taxes. You'll probably net around $25K. Your rent will probably be about 30% of that. You still have utilities like cable and phone. The cost of those depend on what you want to spend. Basic cable is probably around $20 but we're talking REALLY basic. Your cell phone can range from $20 a month to whatever you want it to cost. You have to eat (groceries are not cheap), your car is paid off but you still have to pay for insurance and then there's gas unless you can walk or bike to work or take public transportation. I'm going to assume you don't have credit cards or other bills to pay. Most apartments include utilities or at least heat/hot water or gas but you may have to pay your own electric. If that's included in the rent then that's even better. I wouldn't recommend spending $1000 on rent. You do want some sort of savings, right?
lol, i'm single with no kids and net 2k less than I gross. You have him 10k less? come on. You pay less taxes when single.
lol, i'm single with no kids and net 2k less than I gross. You have him 10k less? come on. You pay less taxes when single.
If you make 35k + you are in the 25% tax bracket and state is 5.9% for this range. And actually you do pay more when single unless you have kids or own property because you have nothing to deduct.
You are only paying 2k a year in taxes?? Then you either have a funny accountant or you work at a fast food restaurant part time while your parents are claiming you as a dependant.
Bellakin is right if you do the math it comes out to about $10,815 deducted leaving him with 24,185. Then deduct ssi, health insurance, etc..
Last edited by nycgirl1616; 04-25-2012 at 06:15 AM..
lol, i'm single with no kids and net 2k less than I gross. You have him 10k less? come on. You pay less taxes when single.
Huh?? No, you pay MORE taxes when you're single with 0 dependents.
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