Affordable Housing Calculator

Introduction & Importance

Affordable housing is a critical issue worldwide. Understanding your housing budget is the first step towards finding an affordable home…

How to Use This Calculator

1. Enter your annual income.
2. Enter your monthly debt payments.
3. Enter your monthly savings.
4. Choose your desired housing expense ratio.
5. Click ‘Calculate’.

Formula & Methodology

The calculator uses the following formula to estimate your affordable housing budget:

Affordable Housing Budget = (Annual Income * Housing Expense Ratio) / 12 – (Monthly Debt + Monthly Savings)

For more information, see the U.S. Department of Housing and Urban Development’s rental assistance and the National Low Income Housing Coalition’s Out of Reach report.