% of rent to salary?
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- domacle0
20.1% and I live in a 2 bedroom place with my mate, with a backyard in a great area in East London. I wouldn't say I'm on a massive salary either.
I'm with people saying you shouldn't pay 30%+ of your salary on rent. Having said that, you need to get lucky and find the right place with a decent landlord (private landlords preferably).
- LukeO0
Funny you ask that - I was looking into this last night. eHow have a good formula to work it out. I can dig out the link later if you want it.
Seems when you live in a city it shoots right up. I'm London zone 2 on average designer salary and I'm at 20% as my rent is cheap - but we have to move and it's looks like it will shoot up to 35% - if were lucky - rental prices went through the roof in the last year.
- vivid0
about 25% on my mortgage (Derby, UK)
- monkeyshine0
LukeO, I looked at eHow last night too. :) I live in Boston which is also pretty expensive...particularly in city. I guess I'm lucky that I'm just paying 30% - still feels brutal though.
- georgesIII0
30%
I've got a awesome landlady which didn't increase our rent in 5 years :)
- tgqt0
13% - NYC - I live like a barbarian
- how is this possible in NYC?randommail
- you live with 7 others in a 2 bd? lol.akrok
- monkeyshine0
you calculate on your gross salary, not net. but if you are under 30% on net you are waaaay ahead.
- monospaced0
17% before taxes
30% after taxes- what?! yur doin it wrong.monkeyshine
- nup - means he is not freelancer/contracte... that means that the IRS fucks him up. Oh good old US taxes...maikel
- It means that my rent is 17% of my salary every month. It is 30% of my paychecks though, because I pay taxes on incomemonospaced
- Our income tax is around 30%. Is that really being fucked?monospaced
- hey maikel, the taxes are equivalent in the UK. Just sayin'monospaced
- also, it's not just taxes. It's retirement savings and other things that are taken out of my pay checkmonospaced
- cashface0
Roughly 2000%
- ross0
35%, Toronto, detached house.
- slappy0
26% on mortgage (after tax), I bought my first house 7 years ago though...
- dirtydesign0
30-40% NYC
- randommail0
are we talking just about mortgage?
what about taxes and monthly cc/maintenance?My mortgage is about 35%. But taxes and cc's make it almost 45%. Probably 50% next year.
- < too damned high, all housing costs should be <33% income (before income tax)monNom
- duhsign0
30% after taxes exactly//been wanting to upgrade for a while now...
- timeless0
23% before taxes/bennies/investments/saving...
33% after