what percentage of your income goes towards rent?

frylock

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:19 PM
Original message

what percentage of your income goes towards rent?

I'm getting my own place (finally), and was curious to know what percentage of their income other folks are spending for housing. Is 40-45 percent of my monthly take-home too much?

Printer Friendly | Permalink | | Top

MadAsHellNewYorker

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:21 PM
Response to Original message

1. on edit (I did the math) I pay about 35% of my monthly salary

Edited on Mon Oct-24-05 03:28 PM by MadAsHellNewYorker

for a Manhattan apt.

:hi:

on edit...I think. i kinda silly with math sometimes...hehe

Printer Friendly | Permalink | | Top

frylock

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:41 PM
Response to Reply #1

12. manhattan can't be cheap..

35% seems like a decent figure. Leaves you a little something in the entertainment budget. Thx!

Printer Friendly | Permalink | | Top

MadAsHellNewYorker

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:43 PM
Response to Reply #12

13. anytime

oh yes, that entertainment budget is so big i dont know what to do with it....HA! sigh...

Printer Friendly | Permalink | | Top

ComerPerro

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:22 PM
Response to Original message

2. 20%, rent a 3BR duplex that I share with 3 other people

Printer Friendly | Permalink | | Top

REP

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:22 PM
Response to Original message

3. Rule of Thumb is 25% for Housing, But Good Luck With That These Days

Edited on Mon Oct-24-05 03:23 PM by REP

I spend about 35% on housing.

On edit: I live in Silicon Valley.

Printer Friendly | Permalink | | Top

frylock

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:44 PM
Response to Reply #3

14. 25% of my current income won't get much here in san diego..

I could find a studio for that, maybe even a small 1 bed. I checked out a nice restored Victorian with 3 other units built in yesterday, but the area had me a little concerned for the safety of my vehicles.

Printer Friendly | Permalink | | Top

LeftyMom

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:26 PM
Response to Original message

4. None, I live at work

but I'd probably make about twice what I do without housing included.

Printer Friendly | Permalink | | Top

DS1

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:29 PM
Response to Original message

5. Possibly more than half

Definitely more than half with utils added.

I don't make shit.

Printer Friendly | Permalink | | Top

trackfan

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:32 PM
Response to Original message

6. About 30% of take-home for me

Printer Friendly | Permalink | | Top

no name no slogan

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:32 PM
Response to Original message

7. About half-- but I'm paying two rents

I'm paying 1/2 the mortgage and other bills on my house until that gets sold in my divorce settlement (my ex pays the other half). Plus I'm also paying rent on a tiny 1 BR apartment, where I live.

Luckily, the bills come due at opposite times of the month, so I can manage. Otherwise I'd be largely screwed.

Printer Friendly | Permalink | | Top

eyesroll

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:34 PM
Response to Original message

8. I am lucky -- I spend 19% of gross income on rent.

(My rent does not include heat/electric, though.)

Printer Friendly | Permalink | | Top

Trigger Hippie

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:35 PM
Response to Original message

9. I am fucked.

Edited on Mon Oct-24-05 03:36 PM by BushIsAPooHead

I spend 50% of my monthly income on rent. But I live in Boston, it's very expensive. :(

On edit: I don't have a roommate, which might alleviate some of this spending, but I hate living with people, so it's better for me to pay for a tiny studio apartment.

Printer Friendly | Permalink | | Top

frylock

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:39 PM
Response to Reply #9

11. yeah, i'm trying to get away from roomies too..

Not cheap here in San Diego, either. There are places I could live rather inexpensively, but they're kinda scary. The place I'm looking at could hardly be considered upscale, but it's going to cost me $940 before utils.

Printer Friendly | Permalink | | Top

purr

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 03:36 PM
Response to Original message

10. 50% here...

just went up due to an addition being built :(

Printer Friendly | Permalink | | Top

jackelope72

(726 posts) Send PM | Profile | Ignore

Mon Oct-24-05 04:00 PM
Response to Original message

15. If the movie ticket costs more than $10, I'll wait for the DVD.

Seriously, though...

Wow. I just figured it out...

About 1/3 of the household income goes toward the house payment and lot rent (we live in a double-wide mobile home) combined.

Printer Friendly | Permalink | | Top

LaraMN

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 04:01 PM
Response to Original message

16. 25% w/out utilities; 40% with. (not including phone/net/satellite.)

Printer Friendly | Permalink | | Top

Shrek

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 04:02 PM
Response to Original message

17. Mortgage, not rent

But it's just over 10% of my income.

Printer Friendly | Permalink | | Top

frylock

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 04:42 PM
Response to Original message

18. thanks, all!

:hi:

Printer Friendly | Permalink | | Top

Left_Winger

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 04:47 PM
Response to Original message

19. 16% if utilities are not counted

What can I say, I live in a low cost area.

Printer Friendly | Permalink | | Top

Heather Chandler

(26 posts) Send PM | Profile | Ignore

Mon Oct-24-05 05:05 PM
Response to Original message

20. Too much!

About 45% until I get a roomie. :(

Printer Friendly | Permalink | | Top

Tafiti

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 05:10 PM
Response to Reply #20

23. Welcome to DU, Heather Chandler!

:hi:

Printer Friendly | Permalink | | Top

Heather Chandler

(26 posts) Send PM | Profile | Ignore

Mon Oct-24-05 05:12 PM
Response to Reply #23

27. Hi right back!

:hi:

Thanks. :)

Printer Friendly | Permalink | | Top

bigwillq

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 05:11 PM
Response to Reply #20

25. Welcome to DU!

:hi:

Printer Friendly | Permalink | | Top

Heather Chandler

(26 posts) Send PM | Profile | Ignore

Mon Oct-24-05 05:12 PM
Response to Reply #25

26. Thanks.

:hi:

Printer Friendly | Permalink | | Top

flvegan

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 05:06 PM
Response to Original message

21. 25% on rent.

Printer Friendly | Permalink | | Top

Nikia

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 05:07 PM
Response to Original message

22. 26%

Of my before taxed income.

Printer Friendly | Permalink | | Top

Tafiti

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-24-05 05:10 PM
Response to Original message

24. About 15.5%

Without utilities and such, just rent alone.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Tue May 07th 2024, 05:08 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.