How do people afford rent in NJ?

How do people afford rent in NJ?

So, an easy way to determine how much rent you can afford is to divide your gross annual income by 40. If you make $90,000 per year, then you can afford a monthly rent of $90,000/40 = $2,250. You must have heard the experts recommend that we should spend no more than 30% of our monthly income on rent. Jan 13, 2017