GimmeShelterNYC
NEW
YORK CITY RENTAL INCOME REQUIREMENT
Owners require that prospective tenants earn anywhere from 42 to 52
times the monthly rent. Combine income spouses acceptable.
for example:
| RENT | 42 X | 50 X | 52 X |
| $800-$900 | 34K-38K | 40K-45K | 42K-47K |
| $1000-$1200 | 42K-50K | 50K-60K | 52K-62K |
| $1200-$1500 | 50K-63K | 60K-75K | 62K-78K |
| $1500-$1800 | 63K-75K | 75K-90K | 78K-94K |
| $1800-$2200 | 76K-92K | 90K-110K | 94K-114K |
| $2200-$2500 | 92K-105K | 110K-125K | 114K-130K |
If for any reason, you cannot meet income, employment, or credit requirements, you may have a guarantor sign your lease with you, and that individual will be responsible for all aspects of the lease if you default. A guarantor will have to have an annual income requirement of at least 80X the monthly rent, and reside in the USA. Some landlords may require 100X the monthly rent and/or residency or business in New York, New Jersey or Connecticut.
A guarantor could be your father, relative or friend.
Site Designed by Chas. Laboz.Webmaster@2000
