Can You Afford Rent in Fresno on $40,000/Year?
On $40,000 in Fresno, CA, your take-home pay is $2,766/month after taxes. Using the 30% rule, you can afford up to $830/month in rent.
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Your take-home: $2,766/month
Max affordable rent: $830/month
Based on 30% of take-home pay (after taxes)
| Size | Avg Rent | % Income | Verdict |
|---|---|---|---|
| Studio | $1,014 | 36.7% | Stretch |
| 1-Bedroom | $1,300 | 47% | No |
| 2-Bedroom | $1,550 | 56% | No |
| 3-Bedroom | $2,028 | 73.3% | No |
After paying rent on a 1-BR ($1,300), you’d have $1,466/month left for everything else.
Rent Affordability Breakdown
| Size | Avg Rent | % Income | Verdict | Left Over |
|---|---|---|---|---|
| Studio | $1,014 | 36.7% | Stretch | $1,752/mo |
| 1-Bedroom | $1,300 | 47% | No | $1,466/mo |
| 2-Bedroom | $1,550 | 56% | No | $1,216/mo |
| 3-Bedroom | $2,028 | 73.3% | No | $738/mo |
What Salary Do You Need?
To comfortably afford rent in Fresno at the 30% threshold:
| Size | Avg Rent | Salary Needed | Hourly Equiv |
|---|---|---|---|
| Studio | $1,014 | $50,000 | $24/hr |
| 1-Bedroom | $1,300 | $66,000 | $32/hr |
| 2-Bedroom | $1,550 | $83,000 | $40/hr |
| 3-Bedroom | $2,028 | $114,000 | $55/hr |
How Fresno Compares
On $40,000, here’s what you can afford in other cities:
| City | 1BR Rent | % Income | Verdict |
|---|---|---|---|
| El Paso, TX | $950 | 33.4% | Tight |
| Memphis, TN | $950 | 33.4% | Tight |
| San Antonio, TX | $979 | 34.4% | Tight |
| Oklahoma City, OK | $940 | 34.7% | Tight |
| Tucson, AZ | $1,000 | 36.2% | Stretch |