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What % of your income do you spend on rent?
- Thread starter ApatheticDolphin
- Start date
including other bills like internet, electricity, insurance, phone, etc... pretty much all of it. I spend about $15-25 a week on food, $15 or so a week on gas and that's about it.
Without all that stuff and just rent, probably 60%
Without all that stuff and just rent, probably 60%
I have my own flat completely paid up so I pay nothing as rent. But I'm looking to sell it and get a bigger one so I might be paying around 10-15% as home loan payment soon-ish.
Between my wife and I we are at 23% (mortgage + property tax). Probably a hair above 25% if you include utilties
That should be a good ratio but we have no money though cuz we have three children that bleed us dry each month.
That should be a good ratio but we have no money though cuz we have three children that bleed us dry each month.
For Rent plus Utilities.
My gross pay: about 30%.
My net pay: 38%
My net pay minus RRSP contributions: 44%.
My gross pay: about 30%.
My net pay: 38%
My net pay minus RRSP contributions: 44%.
0% because I live at home, and no one can convince me that this is a bad idea.
Plan on doing it until I can comfortably afford a mortgage of my own, so hopefully just another year.
My family is the best.
Plan on doing it until I can comfortably afford a mortgage of my own, so hopefully just another year.
My family is the best.
Less than 20%. I'd like to buy a home at some point, but Portland has gotten so expensive and I feel like I missed my window for a good price.
Made this post in March and probably going to move into a place that is again like 37% of net. Only 21% of gross though, rip taxes.
Whew, i am finally renting in my 30 years of being on this earth, just this month i moved out of my parents house with my Fiance, so these threads are finally relevant for me.
I Spend: 26.5 % of my income on rent if i were to pay it solo.
Splitting it with my fiance evenly it is 13.27 % from my salary, and about 25.81 % of her last months salary, hers differs every month, mine is defined.
Before anyone says stuff, i pay for other stuff for us and i pay other utilities that we share.
This is just for the flat itself and the main utilities, water, electricity, trash. Unlimited fiberoptics 500/500 Mbit is 23 eur per month extra.
I Spend: 26.5 % of my income on rent if i were to pay it solo.
Splitting it with my fiance evenly it is 13.27 % from my salary, and about 25.81 % of her last months salary, hers differs every month, mine is defined.
Before anyone says stuff, i pay for other stuff for us and i pay other utilities that we share.
This is just for the flat itself and the main utilities, water, electricity, trash. Unlimited fiberoptics 500/500 Mbit is 23 eur per month extra.
Our house has been about 20% of our income until the last year when our income changed and it was 8%.
Moving to a new home so it will now be 12.5%
Moving to a new home so it will now be 12.5%
My rent is going up $ 300/month this August so at that point it will now be 50% of my income. The housing market here sucks.
Of net, 17% is going to just the rent. But I'm going to have to move within a matter of months and that percentage is going to change if I want to live somewhere that isn't disgusting. I'm expecting the rent to go up to 33% of net for the maximum. I'm actually really concerned about it and super stressed out about moving.
Not including utilities, I just calculated myself at 28% net in Miami. Gross is 19%. I have to put ridiculous security deposits down though and that is what really makes it tough. I just renewed my lease for the next year and I am out over $8k in security deposits right now while I am waiting to get my security deposit back from last year.
36%(net)/23%(gross) on rent alone, no utilities or anything.
It's a little steep and sucks because my significant other and I are living in different cities about 2.5 hrs apart so we can't pool resources yet. In a year or two when we can finally move in together our costs are going to drop so much it's not even funny.
We're essentially on par for salary and we'll likely be moving to a cheaper city with additional financial benefits upon relocation, so life is gonna get significantly better for both of us. Excited to watch the savings/investments triple or more to really catch up on missed years in my RRSP and TFSA. Figure I can max out the contribution room within a year or two of cohabitation.
It's a little steep and sucks because my significant other and I are living in different cities about 2.5 hrs apart so we can't pool resources yet. In a year or two when we can finally move in together our costs are going to drop so much it's not even funny.
We're essentially on par for salary and we'll likely be moving to a cheaper city with additional financial benefits upon relocation, so life is gonna get significantly better for both of us. Excited to watch the savings/investments triple or more to really catch up on missed years in my RRSP and TFSA. Figure I can max out the contribution room within a year or two of cohabitation.
