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Updated 19 days ago,

User Stats

45
Posts
7
Votes
Andy S.
  • Investor
  • Somerset
7
Votes |
45
Posts

Yearly Gross Income Requirement for Rental Application in New Jersey

Andy S.
  • Investor
  • Somerset
Posted

Hello,

I was wondering, for New Jersey,  how much I must look for rental applicant's yearly gross income for rent affrdability. 

For example for a rental with $2700/month rent with folling scenarios, how much mimum income would be considered adequate?

1. Single adult + 2 kids

2. Single adult + 1 kid

3. Married Adults + 2 kids

What if there is 1 samll dog/cat added to each of the scanarios above?

Any advice would be highly appreciated.

Thanks

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