How Much Do College Students Pay For Apartments
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Of course most college students dont make that much.
How much do college students pay for apartments. Being a college student is always difficult especially when youre trying to make ends meet in New York City. Now of course an apartment needs furniture so. Calculating how much an average college student spends on food can be a little difficult as meal plans students and colleges vary greatly.
If you happen to live in a very expensive city you might want to bump that up to 40 or even 50 dollars a week. Students can also use their student loan income to pay for an apartment. 20 to 30 dollars a month should be plenty of pocket money for a student living on campus.
Each month they gave her 1000 all of which came from savings and their income to cover basic expenses like rent utilities and food. Your preferred living arrangement. So if your monthly take-home pay amounts to 3000 multiply that by 30 and you should spend no more than 900 a month on an apartment.
Below is her budget from February of her senior year in college. Most landlords and rental companies have strict income requirements. Add in the average cost of groceries at about 220month and room and board for an off-campus apartment equals 895month.
Splitting expenses with a roommate will bring the total to 675month. It is a good rule of thumb to put no more than 30 percent of your monthly income toward rent. How much you currently make or better yet how much you have left when you pay off things like your student loan or car note.
However the landlord may require that you get a co-signer to sign the lease agreement with you. In some cities students are spending less on their rent compared to the previous year. How much you pay in rent depends on a number of factors.
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