The 30% rule says we should spend no more than 30% of our gross, pre-tax income on housing. But is that feasible for the majority of Americans?
Using data from the latest Consumer Expenditure Survey, the following infographic offers a glimpse at who is able to live by this rule by dividing annual median housing expenditures by annual median pre-tax income.
Do you live by the 30% rule?
Click on “Launch Infographic” for an expanded view.