What % of your income do you spend on rent?

meow

The Fallen
Oct 27, 2017
820
NYC
For just rent, out of gross pay: just about 7%

But my SO just moved to SF so if I want to follow, I'll probably have to take a pay cut AND a rent hike

so

butts
 

Doc Kelso

Member
Oct 25, 2017
1,507
NYC
Counting all living expenses, 50% of net. Hoping to decrease that number by increasing the net significantly by the end of year though. Otherwise it’s hard to change without getting roommates.
 

Mendinso

Member
Oct 25, 2017
1,102
I mean, by month to month, it's about 36% or so? House mates I'm living with have been very generous with the renting situation. It's mostly for just a room, but I also have access to all public parts of the house, so... I'm generally good.
 

ArtVandelay

Member
May 29, 2018
2,118
I don't even wanna think about it. Just to give you a general idea:

As rent costs rise dramatically, Berliners are being priced out of their neighborhoods and forced to the city's peripheries. Even Berlin's new rent cap can't stop investment companies from buying up buildings and then raising rents to cover the costs of modernization work. But tenants are joining forces to stand up and protect their communities.
 

RestEerie

Member
Aug 20, 2018
5,335
I owned my own home instead of renting and my monthly mortgage is about 26% of my monthly income. I live in Singapore though...just check out home price of it as compared to global cities and get shocked.
 

True Underdog

Avenger
Oct 25, 2017
151
Seattle, WA
Gross: 23%

Net: 30%

Living by myself on the Eastside of Lake Washington (Seattle area). I like it well enough but I’m thinking about finding roommates next year so I can take bigger chunks out of my student loans each month.
 

Necromanti

Member
Oct 25, 2017
2,635
Not renting an apartment currently, but it was never less than 40% of my net income including utilities. I had to move out of one apartment that wanted to raise rent by several hundreds of dollars, which would have pushed it to more than 60% of my income. Thankfully, I found a super cheap apartment with all utilities included that brought it down to 40% before I left Seattle.
 

fairyd

Member
Oct 25, 2017
660
Mortgage is paid off. So I just pay HoA fees (includes water) + electricty + gas fees + internet. Which is around 600/month. Or about 15% of my income.
 

abellwillring

Member
Oct 25, 2017
1,417
Austin, TX
My wife and I have always just kept our own accounts (we have a joint one with the credit union as well) and just alternate months. One pays the rent and the other pays utilities. If you factor in our combined income, it's about 16-17% per month of our take home pay. Probably closer to 18% on average when utilities are included. We are pretty lucky actually as our rate hasn't blown up as much as most of the rest of Austin.. we've been in the same apartment the entire time we've been here (2010).
 

Alcotholic

Member
Oct 27, 2017
2,658
About 40% of my net income, not including utilities, but I live in the middle of a city and don't own or pay for extra expenses like a car.
 

roflwaffles

Member
Oct 30, 2017
1,555
I live in the outskirts of SF and got a deal because my friend's parents are the landlords (I'm not walking distance to anything but a BART station though). I spend 15% of my monthly paycheck total on rent but I'm also supporting my parent's mortgage with my sister as well, so this totals up to 30%.
 

kubus

Member
Oct 27, 2017
405
45% of my net income I spend on rent and this thread has now made me incredibly sad/jealous looking at what others pay :(

Other expenses are another 25% and the money that’s left I basically spend paying back my parents for loaning me money I needed to rent this apartment in the first place, and once that’s paid off I can start paying off my student loans!

Basically I’m working fulltime just to live or clear debts ¯\_(ツ)_/¯
 

exodus

Member
Oct 25, 2017
2,755
Mortgage - 30%
Utilities - 5%
Loan interest - 15%
Food - 10%
Vehicle - 10%
Misc expenses (insurance, home supplies, etc.) - 5%

That leaves about 25% for discretionary spending...which should mainly go back to paying my credit cards. Got into a fair bit of debt when I bought myself and decided to reno a bunch of stuff on credit. That was a big mistake.
 

Jazzman

Member
Oct 25, 2017
112
I was worried when my wife was laid off in December as Mortgage/Utilities/House Insurance was nearly 48% of my Net Pay. Having her back at work though will put that down around 30% which is super manageable.
 

AliasGreed

Member
Oct 31, 2017
145
I get 2 paychecks a month, 1 goes to the mortgage, 1 is for everything else. At least I'm a home owner 🤔, when the day comes I need a new car I'll be messed up.
 
Oct 31, 2017
524
A little less than 35% all said and done with utilities, I also pay for a parking space which is invaluable in NYC so that goes into it as well. It's worth it to live alone
 

leburn98

Member
Nov 1, 2017
522
Gross: 27%
Net: 35%

My rental is a two bedroom apartment that includes utilities. Despite being single, I opted for a two bedroom just so I could have a room dedicated for a media room (movie/games). It's also nice to have for when family or friends spend the night. I like the area my apartment is in too, as it's literally a one minute walk to the bus stop. However, most important is my area has access to Gigabit internet :).
 

Nacho

Member
Oct 25, 2017
3,137
NYC
right now? close to 100% cuz I got laid off and have been giving freelancing a shot since then. Getting a decent amount of work off the bat but when I take out taxes its still just not enough.

Anyone need some video editing or a videographer in the NY tristate area?
 

AstronaughtE

Member
Nov 26, 2017
1,359
23% we've lived in the same place for 8.5 years and our rent has gone up a cent. I'm grateful for that, but it's time that we roll the dice and go for something bigger. It's hard because I know we'll never get a deal like this again.