Being a renter these days isn't fun.
Business Insider previously reported that rent is soaring across the US. A study by GoBankingRates found that most renters across the country show signs of spending too much on living costs.
But just how much should you plan to shell out for rent? The answer depends on where you live.
GoBankingRates revealed how big your annual salary needs to be to afford rent in every US state, including Washington, DC. To determine the list, they used the budgeting rule of thumb that one should spend no more than 30% of their annual income on housing.
GoBankingRates then found the median rent for a single-family residence in each state using the Zillow Rent Index, and calculated how much annual income one needs in order for rent costs to equal less than 30%.
