Your housing expense ratio, which compares your housing costs to your gross monthly income, tells you what portion of your earnings goes toward housing expenses. Understanding this ratio can help ...

Surprise, housing cost to income ratio has barely changed. While home prices are roughly 50% higher than in late 2019, rents haven’t kept pace. July 31, 2024, 9:24am by Aziz Sunderji.

To determine your debt-to-income ratio, divide your total monthly debt payments by your take-home pay. For example, if you pay $500 in student loans every month, $400 for your car payment and $100 ...

Housing Expense Ratio = Total Monthly Housing Expenses / Gross Monthly Income X 100. For example, if your total monthly housing expenses add up to $1,500 and your gross monthly income is $5,000, ...