Calculating 1/3 of Your Income

DOF determines if your rent is more than one-third (1/3) of your income using the following steps:

  1. We calculate the dollar figure that represents one-third of your monthly income; and
  2. We then compare your 1/3 monthly income to your monthly rent.

For example:

How DOF Calculates if 1/3 of your monthly income is spent on rent.

 


More examples based on different annual household incomes:

More examples based on different annual hosehold incomes