I suppose I ask this considering I'm wanting to move out on my own. Further, I understand money is a bit personal but I would appreciate anyone wishing to elaborate their own situations if need be. I heard somewhere that 30% (though 25% is considered optimal) of your monthly/yearly income should be devoted to your rent or house payments. More so, I've heard that when moving into an apartment that most places will need to make sure you're making at least 40 times more of than your monthly payment. Such as if rent was $1,000 a month, you'd need to be making at least $40,000 a year for a rental/apartment/condo complex to let you live there. I'm sure many people coming across this thread will fall under different percentage brackets of not only monthly/annual income but (where my interest lies) also in how much of that you devote to your monthly bill for housing (i.e. apartment life) (I'm 25 and not quite ready to own my own home yet, i'm not even in a relationship). Again, if you wish to elaborate I'd be all ears, as truth be told I'm befuddled at how people just so easily move out and live on their own without having much cash saved up. Though this last paragraph is somewhat off topic; i'm just saying it amazes me that so many people live paycheck to paycheck, spend money on stuff they don't need in their 20's and barely get by each month. Perhaps i'm starting this thread to get some info in hopes of preventing any of that.