| $40,000 | 15% of gross income | |
| $50,000 | 12% of gross income | |
| $60,000 | 10% of gross income | |
| $75,000 | 8% of gross income | |
| $100,000+ | 6% of gross income |
✦ Car Loans
Is a $500 car payment too much?
It depends on one number: your income. Here is the exact salary you need to comfortably carry a $500 per month car payment.