How much money do I need to earn to live on my own in Utah?

April 25, 2012 | 0 Comments

If you’re leaving home for the first time and looking to find yourself a place to live that won’t bankrupt you or cause you to have to sacrifice the occasional meal to make ends meet, there are plenty of places in Utah to be had. And if you’re not restricted by having to find residence within a certain area (University of Utah students are probably not the best candidates to take up residence 25 miles from campus grounds, for example), your options are even greater.

Know how to manage your money? You’re in an even better position. And even if you don’t, it’s never too late to teach yourself how. As a general rule of thumb, earning requirements can be figured easily by multiplying your monthly rent by three. Whatever figure you arrive at is the figure you need to pull in. If you want to cater your rental allowance to what you’re currently earning, figure on a third of what your bring-home pay is.

Next, you’ll need to narrow your search. For example, if you’re looking for Central Valley apartments within a certain price range, scout out your options online to get a general idea of what your bottom line will need to be.

Making it on your own doesn’t have to be all that difficult. If you plan carefully and stay in focus, it’ll be a breeze.

Category: City Guides, Salt Lake Valley