% of rent to salary?
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- 5timuli0
Rent is approximately 30% salary (Indianapolis).
- jamesomega0
5% - i have six roommates.
- but a little more like 25-30% if I lived on my own in a similar place.jamesomega
- Douglas0
18% Bklyn, NY (williamsburg)
- tOki0
Around 10% after tax, but rent is pretty cheap here compared to places like NYC or London...
- studderine0
ive read that you shouldn't be spending more that 33% of your monthly income on rent.
- randommail0
I know someone who rents a huge house in Durham, North Carolina for $500/month. What in the heck does that get you in NYC? Literally a garage parking space.
- what's your point? I mean what the fuck is there in Durham?inviteplz
- randommail0
Manhattan is 50% easy.
- Jacque0
20% salary / 30% of monthly take home
- moldero0
120% yearly salary = 1 month rent
- monkeyshine0
thanks for the input. I ended up taking a place that is 24% of my salary...funny what a difference 6% can make! :)
- Jugarelly0
20% after taxes on mortgage in Denver.
- tFour0
roughly around 40% before, and 25% after tax returns (mortgage)
- huh?eficks
- the benefit of mortgage is you get to deduct $$ so 40% turns into 25%.monkeyshine
- i get to deduct part of the interest yestFour
- err, tax.. i'm dutch :)tFour
- orrinward0
I pay about 40%. Just starting out though so I'm lucky it's not more than that!
- monkeyshine0
40% seems like a lot. I'm freaking out over 30%.
- identity0
25%
- d_rek0
still can't bring myself to divest upwards of %40 of my income to something which I will never own.
Going to buy a house soon... my mortgage, utils and prop taxes will probably be less than rent for a shitty appt or sublet combined.
- you will never own anything. you don't live forever.CanHasQBN
- eficks0
my rule is never to pay more than a third for rent. this included living in one of the best areas of hong kong, one of the most expensive areas of the world. i didn't have a big salary.
- WhiteFace0
46% - good old London
- maikel0
about 38% of my missus and I combined.
large 2 bed house, posh area of london, very good deal.still shit load of money but i don't have 50k to spare for a deposit...
: (
- ntimm0
9% for me > I own a duplex (large 3bed house), so rent covers part of the mortgage, + I get tax return since I work from home.
Life is good in Montreal. Fucking cold though.