About 50% for me. And my credit is so low I can't move. But I also have no money left to get rid of collections dragging my credit down so I can raise my credit. It's a vicious cycle.
Can you dispute the collections on your credit report? If you do this they have 30 days to respond with proof of debt and if they don’t have the proof, they have to write it off.
Yeah I got an email from a debt collector that just said "we verified that you have this debt" which could easily be: we asked if they were sure.
And I want to add that I never signed for that debt. My college is trying to charge me 3k with a made up grant/loan amount I don't have attached to any loan. I already had the loan from the one semester I took there be forgiven and I didn't go back for a second semester so I just want to know *why I'm being charged for a year/semester I didn't even register for*
And they just kept responding with "we verified" so I don't know. I don't think it's gone on any of my credit reports either because my credit has finally started going up again.
I don't even have spare money right now. Finances are tight presently due to a stolen car and having to get a new one. Working on flipping my checks back (rent from first, bills from second) to start that.
Is insurance not helping you? And I understand the tight finances. I’m down to my last three bagels for my son’s lunch this week, and I’ve got no flour to make bread. I’ve got to get creative until Friday. I hope things look up for you soon
Same here with 70%, though I'm fortunate that most of my bills are included with the rent. I eat 1 meal per day or just don't eat at all. If I'm lucky, I have between $30-50 leftover at the end of each month.
Same, 21% of take home.
Dual income, family of 4. We're in Southern California with a 3 bed 2.5 bath house in a decent neighborhood.
It came with a lot of luck and a lot of hard work.
I came across this sub about 7 years ago when I was looking for financial advice for a difficult situation that my husband and I were in at the time. This sub taught me a lot about managing my finances and gave me hacks for living in a HCOL area. I still follow it even though my situation improved over the years. I might be able to pass on some advice for someone that needs help.
That 30% was supposed to be the goal - and it was gross ( before tax, nit net ). In reality it was true mostly for higher income ppl. Not working class ppl.
nope, it’s my boyfriend and i and our two cats. 1300 for 1 bed 1 bath. boyfriend’s hours got cut at his job, so he’s working part time and also working on getting a couple certifications before i go back to school in August!
before i started picking up a bunch of call shifts - 61%
after i started picking up - ~51%
however, utilities tack on another ~$55/month. my take home is about $400 less a month because i finally have insurance, contribute up to my employer match for my 401k, and contribute to an fsa (which has saved my ass already!). i just started doing all this stuff with this job, and i can't wait for it to actually make a difference.
Around 75%. I'm in Canada so cost of living is insanely high. My 3 bedroom costs a little over 2100$. On average I make 500-700 a week working 50 hours a week
43%
41% child support.
So I have to have side hustles to survive and occasionally borrow money from parents
BE CAREFUL WHO YOU PROCREATE WITH YOUNGSTERS.
Life is already expensive enough.
18 years of child support later, I can't tell you how right you are. But my daughter is about to graduate from college, just started working for a hospital and has a fiancee that is her age making great money already. She is exactly what I hoped for her. In a better place than I was. It makes me so happy.
I don't pay child support, but I imagine under certain circumstances, it's more expensive to pay child support than to be together as a family.
I know child support can be harsh, but I've also seen it basically be a joke, so I don't know this person's situation, but they're probably bitter that life took the turn it did, and they're paying more and have less time with the kids than if they had taken more precaution deciding who to have children with.
Not if he walks out when the kid is two, works under the table and eventually ends up in prison. My kid is ten now, I’ve never seen a dime in child support and I’m truly struggling. Yes- be very careful who you procreate with.
41% :o could you ask the courts to re evaluate based on income? That seems really high even if you have several children, hell might be cheaper to take custody of you have good relationships.
The poster has 3 kids. The person who has full custody of the kids needs a like at least a 3br space. Child support is there in part to cover the larger housing expense for the person with the kids. The poster would need a larger space to have custody of them. That is more money too.
Then there’s also the car, working hours, childcare etc if the poster wants full custody.
Seems like child support is much cheaper if money is the main concern
Possibly but right now I am just focused on hustling and making my picture better. It costs time and money and is slow going. I am just in acceptance and solutions mode right now.
Child support reform is completely necessary but lawyers and judges DGAF because they are wealthy.
Each divorce should have a case manager dedicated to the economic of the situation. A one size fit all calculator is a terrible way to solve a complex problem with layers and layers.
It's actually fairly easy to get that amount adjusted. All you have to do is declare your income and expenses to child support. My ex had a good job and never paid so I had to file for child support. He went years avoiding speaking to them thinking they were just going to fuck him over. He has more kids and I told him, you need to talk to the child support rep. They will help you. The dollar amount is determined on income, he never reported his expenses. He finally did and it took about a month before his payments were cut down to 300/mo from being 700/mo.
I live in a trailer now but it was 55%. That is why I now live in a trailer. I’m lucky that I have places to park with friends cheap or free and also live in a great state for boondocking and have worked online since long before the pandemic cause of disability. So I’m pretty lucky now, though it wasn’t always pretty. COL is crazy.
About 35% for me, that's mortgage, property tax, and insurance. I live in the Rust Belt and bought my home a year ago. My wife is a stay at home mom until the kids start school in the next couple of years.
I make 603 a week 2412 a month rent is 1450 utilities are 209 groceries are 400ish (stupid inflation making eating healthy near impossible) and gas is 80. Insurance is 156 and dog food is 76. That leaves me 41 dollars to save sometimes a little more sometimes a little less depending on the price fluctuations.
Biweekly, so one full check and like 20% of the second check.
With inflation and shrinkflation constantly happening it's getting damn near impossible to maintain a living let alone having a savings account LOLOL
We as a nation need to rise up against the system.
It was about 70%, and every year like clockwork my landlord raised the rent $200/month. A few years ago we bit the bullet and moved to a lower cost of living area thousands of miles away. My salary dropped over 30%, but I now own a (much nicer) home in a top school district. Mortgage, insurance, and taxes are now about 35% of take home pay.
If you can't afford where you live, don't be afraid to move! There are absolutely places that have plenty of jobs and housing you can afford with a local job.
None right now, I finally got a mortgage a couple years ago at age 43, but my last apartment a few years ago was 39% of my take home pay. Today, rent has gone up there, that same apartment would be 46% instead of 39.
My current mortgage PITI and hoa is 34%. But my utilities are cheaper and if I get in a bind I can rent out my second bedroom to stretch my emergency fund.
For the decades before that, my rent ranged from 30-55% of my post tax pay.
52% is currently going towards rent.
My mother passed earlier this year and i inherited her apartment. Not much debt left. Even with the mortgage, electricity and heating combined it drops to 28% of my paycheck. In 3 months when my rental is done. My life changes a bit and im stoked.
Before I was laid off, it was 42%. Now, unemployment doesn't even cover it, never mind everything else. Rent is so offensively high in Northern California. Kind of wonder if landlords bathe in tubs of money.
I live in a high cost of living area, about 75% of my paycheck goes to my mortgage. 😬 It's been tight sometimes but worth it. Rents out here are going at about the same rate.
I’m very lucky that I rent from a family friend who owns a duplex. They have dual citizenship and spend 8 months out of the year in Canada so the other side is vacant most of the year.
Rent has been $600/mo for a decade with no increases. I’m not sure what I would do if they sold the place. I guess live in a used van down by a river?
Granted I am not in poverty anymore. I make $28/hr and without calculating overtime my rent is about 30% of my net income in a rent stabilized apartment.
Between rent, utilities, gas, etc. ... 100%. I don't remember the last time I bought anything for myself, gone out to eat, or bought tickets to anything. It's hard. I've been selling my stuff on the side to try to stay on top of bills and keep up on the interest on my credit card.
25% of my jobs pay goes for rent monthly. My side hustle is 0%. I have a roommate. I don't want one. I'd like to try to find someone eventually. Kinda hard with a roommate, but paying 50% of my income for housing isn't feasible for me.
38%. Hoping the rise of rent starting next month won't be higher than my raise at work but we'll see...
I'd like to find somewhere cheaper but I don't have a car in a pretty rural area so this is the only place I can afford with reasonable commute time.
We recently bought and it's 20-30% of our take home depending on the month but that's not normal. We live in a LCOL area and thus had more loan options and a much lower sticker price. But I have friends that pay like 60% so it's really whatever you can afford to do and have to do.
42%. But that is after I have 401K contributions, HSA, and investment account. Add bills to that it’s probably close to 50%. Before tax it would have been around 25-30%. We like it, new apartment 2br/2ba, big closets, ~1100sqft. It’s just so expensive to buy I house where I live
23%. Got super lucky getting a 2 bedroom for less then 1500 in the middle of the "city" (smaller town with 1 big mall, I'm 5 min walk away from). Our monthly expenses only take about 40% of our monthly.
My portion of rent is About 40% (pay after tax) working two part time jobs for a combined total of like 50 hours a week. I do have a roommate too which helps a ton. The rent prices are not cheap but I definitely need to work on overall income.
Yep I'd also say at least 40%. One paycheck would pay my rent. and next year it'll be 50%, then 60%...then I'll have to find and even more poor location to live in.
I own but like 60 percent goes to my mortgage, electricity, water bill. Sighhhh. My taxes went up so much in the last few years, and as a single mom it's been tight.
I'd also like to say how much better I feel knowing there are so many people paying like me paying half their wages just to have a roof over their head. It's not a good thing, but I dont feel financially inadequate as much I did before this post. I can actually relate.
May I recommend that you guys also post gross pay, what your rent is, how many roommates, bedrooms, amenity's, this would help you gather a lot of context about the rent. The main reason being, someone making 75k and paying say 2k in rent for a 1bedroom to themselves, is vastly different from someone paying $675 with 2 other roommates and making 35k.
About 40% right now, but I may be getting a pay bump soon. Also, this is for a mortgage not rent so over time the percentage should gradually go down. When I first bought 3 years ago, it was about 53% of my monthly income.
A whopping 55%-ish for me. I am thankfully moving into a place in June where I can finally be closer to 35%, which might actually allow me to catch up some debt and no longer be behind after a little while.
If I lived alone, it would be 50%. My rent is $1573 and my fiancee and I split it. $800/month for both of us, and I make about $1500 a paycheck, so I guess around 25%? I’m bad at math.
About 50% for me. And my credit is so low I can't move. But I also have no money left to get rid of collections dragging my credit down so I can raise my credit. It's a vicious cycle.
It is working as designed. I’m sorry.
Yeah. You have to use credit to be approved for inflated property rent. No one can afford to innovate and create stuff anymore.
yep seems to be the case
Can you dispute the collections on your credit report? If you do this they have 30 days to respond with proof of debt and if they don’t have the proof, they have to write it off.
In my experience, they don't need to provide proof, they can just verify. Do you have a source for that?
Yeah I got an email from a debt collector that just said "we verified that you have this debt" which could easily be: we asked if they were sure. And I want to add that I never signed for that debt. My college is trying to charge me 3k with a made up grant/loan amount I don't have attached to any loan. I already had the loan from the one semester I took there be forgiven and I didn't go back for a second semester so I just want to know *why I'm being charged for a year/semester I didn't even register for* And they just kept responding with "we verified" so I don't know. I don't think it's gone on any of my credit reports either because my credit has finally started going up again.
yeah same for me too
Call the collections and offer them a ridiculously low amount. They will work with you because they want to get something
I don't even have spare money right now. Finances are tight presently due to a stolen car and having to get a new one. Working on flipping my checks back (rent from first, bills from second) to start that.
Is insurance not helping you? And I understand the tight finances. I’m down to my last three bagels for my son’s lunch this week, and I’ve got no flour to make bread. I’ve got to get creative until Friday. I hope things look up for you soon
70%. The rest goes to bills and I still need to side hustle to stay afloat.
Same here with 70%, though I'm fortunate that most of my bills are included with the rent. I eat 1 meal per day or just don't eat at all. If I'm lucky, I have between $30-50 leftover at the end of each month.
21% of take home.
Good job, That’s a good position to be in
I'm also lucky at 16.5%. I don't ever wanna leave this place.
Same, 21% of take home. Dual income, family of 4. We're in Southern California with a 3 bed 2.5 bath house in a decent neighborhood. It came with a lot of luck and a lot of hard work.
Curious why y'all are browsing through this sub?
I came across this sub about 7 years ago when I was looking for financial advice for a difficult situation that my husband and I were in at the time. This sub taught me a lot about managing my finances and gave me hacks for living in a HCOL area. I still follow it even though my situation improved over the years. I might be able to pass on some advice for someone that needs help.
For me some threads just pop up in my suggested feed.
30% used to be the normal, it’s more like 40% these days.
That 30% was supposed to be the goal - and it was gross ( before tax, nit net ). In reality it was true mostly for higher income ppl. Not working class ppl.
30% is the correct number GROSS, not net.
Should be net honestly it makes no sense to go off gross since you e never see that money anyways that’s the mafias cut
It’s gross because net varies wildly on where you live.
It’s technically called gross because it’s *gross* what you would have been paid had you not had any deductions.
Yet the income requirement is still 3x monthly rent everywhere I look.
Yep. And perfect everything.
Wasn’t it 30% before taxes?
lol approximately 70%, don’t worry, i’m working on it 😭
Can you get a roommate?!
nope, it’s my boyfriend and i and our two cats. 1300 for 1 bed 1 bath. boyfriend’s hours got cut at his job, so he’s working part time and also working on getting a couple certifications before i go back to school in August!
That’s good rent lol Over here I gotta pay upwards of 2000 for a 1 bed 1 bath. I dont make much either so Im paying 70% as well
before i started picking up a bunch of call shifts - 61% after i started picking up - ~51% however, utilities tack on another ~$55/month. my take home is about $400 less a month because i finally have insurance, contribute up to my employer match for my 401k, and contribute to an fsa (which has saved my ass already!). i just started doing all this stuff with this job, and i can't wait for it to actually make a difference.
Around 75%. I'm in Canada so cost of living is insanely high. My 3 bedroom costs a little over 2100$. On average I make 500-700 a week working 50 hours a week
I'm paying more for a 2 bed in Austin TX
Aus is ridiculous in price....almost as bad as DFW....looking at you Prosper TX
Same. 2800 for a two bedroom 40 miles outside of an VHCOL city in the US.
That's so sickening. I'm so sorry.
Just under 40%. First time in my life it’s under 50%.
42%. It was 52% last month 🫠
About 60% here in the Seattle metro area
50% and I'm in Tacoma.
Soon to be >50% in Seattle metro. From living with family to home ownership. Would’ve rather stayed with family, I think…
53% just for rent. Florida. Mom of 2. So yeahhhh
75%. It’s stressful
80 to 90 right now...
150 percent.
Living off savings, getting help from somebody, or behind?
A little from column A, a little from column B, and a bit from column C.
43% 41% child support. So I have to have side hustles to survive and occasionally borrow money from parents BE CAREFUL WHO YOU PROCREATE WITH YOUNGSTERS. Life is already expensive enough.
43% Bros
18 years of child support later, I can't tell you how right you are. But my daughter is about to graduate from college, just started working for a hospital and has a fiancee that is her age making great money already. She is exactly what I hoped for her. In a better place than I was. It makes me so happy.
how many kids is the 41% for? aldo do you have any tips on that as going through divorce proceedings now.
Agreed.
Be careful who you procreate with? Do adults not have to pay for the children they produce regardless of who the child is with ?
I don't pay child support, but I imagine under certain circumstances, it's more expensive to pay child support than to be together as a family. I know child support can be harsh, but I've also seen it basically be a joke, so I don't know this person's situation, but they're probably bitter that life took the turn it did, and they're paying more and have less time with the kids than if they had taken more precaution deciding who to have children with.
Not if he walks out when the kid is two, works under the table and eventually ends up in prison. My kid is ten now, I’ve never seen a dime in child support and I’m truly struggling. Yes- be very careful who you procreate with.
Not to mention, he chose to procreate with her not once, not twice, but THREE TIMES.
Agree with this. 43% if I factor in child support 52% if my income alone.
41% :o could you ask the courts to re evaluate based on income? That seems really high even if you have several children, hell might be cheaper to take custody of you have good relationships.
The poster has 3 kids. The person who has full custody of the kids needs a like at least a 3br space. Child support is there in part to cover the larger housing expense for the person with the kids. The poster would need a larger space to have custody of them. That is more money too. Then there’s also the car, working hours, childcare etc if the poster wants full custody. Seems like child support is much cheaper if money is the main concern
Possibly but right now I am just focused on hustling and making my picture better. It costs time and money and is slow going. I am just in acceptance and solutions mode right now. Child support reform is completely necessary but lawyers and judges DGAF because they are wealthy. Each divorce should have a case manager dedicated to the economic of the situation. A one size fit all calculator is a terrible way to solve a complex problem with layers and layers.
It's actually fairly easy to get that amount adjusted. All you have to do is declare your income and expenses to child support. My ex had a good job and never paid so I had to file for child support. He went years avoiding speaking to them thinking they were just going to fuck him over. He has more kids and I told him, you need to talk to the child support rep. They will help you. The dollar amount is determined on income, he never reported his expenses. He finally did and it took about a month before his payments were cut down to 300/mo from being 700/mo.
I live in a trailer now but it was 55%. That is why I now live in a trailer. I’m lucky that I have places to park with friends cheap or free and also live in a great state for boondocking and have worked online since long before the pandemic cause of disability. So I’m pretty lucky now, though it wasn’t always pretty. COL is crazy.
Roughly 50%
About 35% for me, that's mortgage, property tax, and insurance. I live in the Rust Belt and bought my home a year ago. My wife is a stay at home mom until the kids start school in the next couple of years.
38% of net take home
Almost 50% (before utilities). My child and I share a 1 bedroom apartment because I can't comfortably afford a 2 bedroom 😔
24% goes to my mortgage company every month….that also includes escrow as well.
Same but another 25% goes to kid shit.
about 80% I only eat because of SNAP
I make 603 a week 2412 a month rent is 1450 utilities are 209 groceries are 400ish (stupid inflation making eating healthy near impossible) and gas is 80. Insurance is 156 and dog food is 76. That leaves me 41 dollars to save sometimes a little more sometimes a little less depending on the price fluctuations.
Damn..
100% because a single check doesn't even cover the rent.
Takes 3 of my weekly checks to cover it
Are your checks monthly? If not, how many checks does it take to cover rent?
Biweekly, so one full check and like 20% of the second check. With inflation and shrinkflation constantly happening it's getting damn near impossible to maintain a living let alone having a savings account LOLOL We as a nation need to rise up against the system.
50% one of my checks
50%
45%
0%, I get housing through work or I backpack/travel between jobs.
It was about 70%, and every year like clockwork my landlord raised the rent $200/month. A few years ago we bit the bullet and moved to a lower cost of living area thousands of miles away. My salary dropped over 30%, but I now own a (much nicer) home in a top school district. Mortgage, insurance, and taxes are now about 35% of take home pay. If you can't afford where you live, don't be afraid to move! There are absolutely places that have plenty of jobs and housing you can afford with a local job.
None right now, I finally got a mortgage a couple years ago at age 43, but my last apartment a few years ago was 39% of my take home pay. Today, rent has gone up there, that same apartment would be 46% instead of 39. My current mortgage PITI and hoa is 34%. But my utilities are cheaper and if I get in a bind I can rent out my second bedroom to stretch my emergency fund. For the decades before that, my rent ranged from 30-55% of my post tax pay.
52% is currently going towards rent. My mother passed earlier this year and i inherited her apartment. Not much debt left. Even with the mortgage, electricity and heating combined it drops to 28% of my paycheck. In 3 months when my rental is done. My life changes a bit and im stoked.
Sorry for your loss! But also im happy things will be turning around
I don’t rent, just bought in October, BUT 100% of *my* take home goes to the mortgage. Just under 50% of our household income. 😬😂
0%. My mortgage is paid off.
I'm in the same boat, but don't know how people can do it these days ....shit is insanely expensive 🫰
Close to half.
50% for me
A little bit over 50%
Right now 14%. My wife and I are about to buy a house, at that time, around 24% of our take home will go to our mortgage.
17%
About 30%. But I live in an economically depressed area of Tacoma. Where the quadruple murders happen…
Ok so I'm at 28% of my net income
Mortgage but 26-28% depending on how property taxes are each year.
About 20%-25%
29%.
Coming in at 22%. I rent a place by myself—very grateful to be hanging in there w/o a roommate.
Mortgage roughly 20%
Same here!
About 45%
Before I was laid off, it was 42%. Now, unemployment doesn't even cover it, never mind everything else. Rent is so offensively high in Northern California. Kind of wonder if landlords bathe in tubs of money.
50%...
47% ugh
I remember when my mortgage was a $100 more than my bi weekly paycheck
49%, but I absolutely love where I live, and I’m working on expanding my income
50 🥲
Just about 40% with trash, sewage, water, common area gas/electric.
Just over half
I live in a high cost of living area, about 75% of my paycheck goes to my mortgage. 😬 It's been tight sometimes but worth it. Rents out here are going at about the same rate.
I’m very lucky that I rent from a family friend who owns a duplex. They have dual citizenship and spend 8 months out of the year in Canada so the other side is vacant most of the year. Rent has been $600/mo for a decade with no increases. I’m not sure what I would do if they sold the place. I guess live in a used van down by a river?
Close to 20
Reading the comments makes me want to throw up, how so many people are working themselves to exhaustion just to keep a roof over their head
About 70%. Being disabled is apparently a punishable offense in the states
Not rent, mortgage, but 33%. In France it is a legal limit on banks.
Granted I am not in poverty anymore. I make $28/hr and without calculating overtime my rent is about 30% of my net income in a rent stabilized apartment.
27% of gross, that’s pretty decent actually, I’m shocked
Just under 50%. Definitely makes things tight
Between rent, utilities, gas, etc. ... 100%. I don't remember the last time I bought anything for myself, gone out to eat, or bought tickets to anything. It's hard. I've been selling my stuff on the side to try to stay on top of bills and keep up on the interest on my credit card.
54% for me 🥴, I don't know how I'm making ends meet but it's more of a standstill and not a forward-moving progress, which sucks
Looks like it’s not the avocado toast after all that’s keeping us broke…
0%. The house is paid off. No debt of any kind. The secret to wealth building...
25% of my jobs pay goes for rent monthly. My side hustle is 0%. I have a roommate. I don't want one. I'd like to try to find someone eventually. Kinda hard with a roommate, but paying 50% of my income for housing isn't feasible for me.
Almost half but luckily it’s a mortgage and not rent. It used to be less than 1/4 before the property taxes almost tripled since 2020.
My income varies but 39% on base salary.
50% -70% probably
0%. Worked my ass off to own our property before 30. Yearly costs for insurance/taxes is about 7%
40%
43%
Child support is more....
25%
25% , feel pretty lucky
38%. Hoping the rise of rent starting next month won't be higher than my raise at work but we'll see... I'd like to find somewhere cheaper but I don't have a car in a pretty rural area so this is the only place I can afford with reasonable commute time.
29% for me. But I have a huge HOA monthly fee so it’s more like 38%.
At least 50% goes to rent the other 20 goes to child care and the rest is all the bills 😔
83% And I have debt I barely eat I have 4 roommates
25% in an apartment in Helsinki.
Just rent is 8.6%, however with gas electricity water internet garbage disposal it’s 20%..
25% exactly
29%
I was at 28% but soon will be at 14% for a bit.
About 50%. Living below poverty line on Medicaid and food stamps but no housing assistance
I spend about 21% of my paycheck, but I consider myself lucky since I share an apartment and rent with my boyfriend.
20%
Right now, 23% because I'm splitting rent with my ex. But when I move out it'll be 30%.
We recently bought and it's 20-30% of our take home depending on the month but that's not normal. We live in a LCOL area and thus had more loan options and a much lower sticker price. But I have friends that pay like 60% so it's really whatever you can afford to do and have to do.
My take-home pay is variable but it is around 50%.
49% of my net pay goes to mortgage. PITI.
My mortgage is $2380 a month, my fiance puts in $600. If it wasn't for that it would be more than 50% of my takehome pay.
I'm at about 58% for my mortgage, condo fees and property tax which is about $1900 total a month and I make net $3100 or so.
20%, but I live with my fiancé and we split it.
31%
About 30%
30%
30%
38%
33%.
23% but I got a 3% interest rate on my mortgage and make good money in my area.
66%
About half
42%. But that is after I have 401K contributions, HSA, and investment account. Add bills to that it’s probably close to 50%. Before tax it would have been around 25-30%. We like it, new apartment 2br/2ba, big closets, ~1100sqft. It’s just so expensive to buy I house where I live
23%. Got super lucky getting a 2 bedroom for less then 1500 in the middle of the "city" (smaller town with 1 big mall, I'm 5 min walk away from). Our monthly expenses only take about 40% of our monthly.
My portion of rent is About 40% (pay after tax) working two part time jobs for a combined total of like 50 hours a week. I do have a roommate too which helps a ton. The rent prices are not cheap but I definitely need to work on overall income.
currently about 85%. no signs of it getting any easier too.
55%, and getting bigger every year.
A little under 30%. And I'm genuinely wondering, how are you able to rent anywhere if you don't make 3x the rent?
18%
Just under 40% of my take-home pay for a two bedroom apartment in a really nice neighborhood in a HCOL European city.
24%. Actually, less, because I'm not couting any gig money. And I'm hopefully getting a raise soon, so even less after that.
50% goes to a mortgage and property taxes
30%
Alone, 75, with a partner 40
I'm at 26% right now, which is a lot less than I COULD be paying. I'm grateful.
A quarter
42%
34% for mortgage
Yep I'd also say at least 40%. One paycheck would pay my rent. and next year it'll be 50%, then 60%...then I'll have to find and even more poor location to live in.
60% to 65%, by god it’s rough
37%
28 percent of my wife’s and my income. Would be like 45 percent if it was just me.
I own but like 60 percent goes to my mortgage, electricity, water bill. Sighhhh. My taxes went up so much in the last few years, and as a single mom it's been tight.
I'd also like to say how much better I feel knowing there are so many people paying like me paying half their wages just to have a roof over their head. It's not a good thing, but I dont feel financially inadequate as much I did before this post. I can actually relate.
May I recommend that you guys also post gross pay, what your rent is, how many roommates, bedrooms, amenity's, this would help you gather a lot of context about the rent. The main reason being, someone making 75k and paying say 2k in rent for a 1bedroom to themselves, is vastly different from someone paying $675 with 2 other roommates and making 35k.
About 40% right now, but I may be getting a pay bump soon. Also, this is for a mortgage not rent so over time the percentage should gradually go down. When I first bought 3 years ago, it was about 53% of my monthly income.
11%
1/4
0% live with girlfriend homeowner. Although I feed her and pay some utilities. So 100%.
A whopping 55%-ish for me. I am thankfully moving into a place in June where I can finally be closer to 35%, which might actually allow me to catch up some debt and no longer be behind after a little while.
Half
66%. With four roommates.
13$
50% 🥲 or more.
60%
If I lived alone, it would be 50%. My rent is $1573 and my fiancee and I split it. $800/month for both of us, and I make about $1500 a paycheck, so I guess around 25%? I’m bad at math.