Where are you moving to?
English
Renter Tools
About
Login
Table of contents
Rewarding experiences aside, living with roommates is both socially and financially satisfying. Though equitably dividing rent and expenses may prove challenging at first, we hope this comprehensive guide can assist with that goal and maintain harmony within your living space. In addition, two helpful online resources will aid you on this journey!
Even split is an equitable distribution method designed to divide rent equally among roommates who live together, however, this may not always be suitable if income levels vary widely among roommates.
Guidelines for Even Splitting:
- Divide Total Rent by Number of Roommates = Even Split Amount per Person.
By taking an income-based approach, roommate contributions will be calculated on an equitable basis within your living arrangement. This ensures financial fairness within it.
Steps for Income-Based Dividend:
The room-size method offers an equitable solution when rooms of various sizes exist within an apartment complex or townhome complex, where rent may differ according to who occupies each individual space occupied by roommates. Larger areas will incur more expensive rent payments.
Instructions for room size-based division:
As you begin the journey towards fair rent division, an interactive calculator from The New York Times may prove indispensable in aiding you on this quest. By providing different splitting scenarios to try out and testing different outcomes more quickly and accurately representing both personal and financial circumstances more precisely, this calculator makes identifying an acceptable division process much simpler and quicker.
Splitwise simplifies rent and expenses among roommates with its user-friendly interface and data input for room sizes, incomes and other variables that determine an equitable distribution.
When selecting a method of rent division, keep these factors in mind:
Rent should be divided evenly among roommates to maximize the living experience and foster shared responsibilities. Take a look at our guide and select an approach best suited to your living environment and situation. Also, be sure to utilize two new resources available here that can assist with making informed decisions about dividing rent equally among roommates.
Tripalink aims to offer co-living solutions for living requirements. More than simply the perfect living space, our mission is also equipping our community members with all of the tools and knowledge needed for an integrated and fulfilling lifestyle. Reach out today so you can start creating one.