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What % of your income do you spend on rent?
- Thread starter ApatheticDolphin
- Start date
My mortgage payment which covers, my mortgage, taxes and insurance is at like 24% of my take home or it was when I bought the house. Could be less now.
33% of my gross income goes to my mortgage. Nor Cal. I've been putting in an extra $200/month to pay it off.
40-45% and that's with a deal because I know the LL personally and have since I was a kid. If I hadn't got that it would be 60% or more in any other setup.
Just to point out my wife is disabled so we rely on housing benefits to help. The local housing benefit allowance is just shy of £400 a month for 2 beds. The average local renting price is fast approaching £900 a month for a 2 bed. Our rent alone has increased £140 in 6 years. The benefit allowance available has increased by about £1.50 in the same time frame.
Shits fucked in short.
Just to point out my wife is disabled so we rely on housing benefits to help. The local housing benefit allowance is just shy of £400 a month for 2 beds. The average local renting price is fast approaching £900 a month for a 2 bed. Our rent alone has increased £140 in 6 years. The benefit allowance available has increased by about £1.50 in the same time frame.
Shits fucked in short.
18% of net. Was closer to 50% when my partner was underemployed for a few years and I hope we never see those days again.
That's pretty good money though! Where do you live that you're in a 1 br and spending 25% on it?
Net income, after taxes, 401k contribution, and health insurance premium: 46%
Gross income: 34%
The problem of living solo in an apartment very close to DC.
Now, I still save $600 a month and have decent disposable income besides, but man how much better off I'd be if I could knock my rent down by 25%.
Gross income: 34%
The problem of living solo in an apartment very close to DC.
Now, I still save $600 a month and have decent disposable income besides, but man how much better off I'd be if I could knock my rent down by 25%.
San Jose, CA
I'm actually fortunate to only be paying this much. It's pretty barebones (old, no in unit washer/dryer, no dish washer, no garbage disposal, etc) but most apartments of this size are usually $2000 if not considerably more.
I'm fortunate to have gotten a lovely old couple who never raise the rent.
35%, I wish it was lower to pay off my debt quicker. Fell into a bit of a whole fighting depression recently.
I'm looking at places right now and it's tough. I'm trying to spend no more than 35% of my net income to rent and utilities and I'm moving with a friend who makes about the same and has the same range which puts us at an upper limit of maybe 850 total or 425 each. The only place we've found that we like so far is $750 and includes water, trash, and sewage. And neither of us have rented a place before so we don't know what to expect for internet and electric and I haven't found any decent resources to help estimate that.
I lived a block off Burnside near Providence Park from 2005 to 2013 in an 800 sq ft apartment. My rent in all that time went from $785 to $900, it was a fucking steal.
I pay a mortgage and overpay, so roughly 35%. I could pay less if I wanted (18%), but I don't spend money on much.