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What % of your income is spent on housing

Printed From: Black Hair Media Forum
Category: Lets Talk
Forum Name: Talk, Talk, and More Talk
Forum Description: In this Forum, the talk is about everything that can be talked about.
Printed Date: Mar 17 2018 at 8:12am

Topic: What % of your income is spent on housing
Posted By: PurrPoZe
Subject: What % of your income is spent on housing
Date Posted: Jan 28 2014 at 9:42pm
The "healthy" percentage is 30%....but what state/country are you in & what percentage of your take home pay is being spent on rent/mortgage

I live in dc and it's about 48% not including electric...if my apartment was market rate it would be 80% of my take home. & this is to live alone and avoid mice, roaches and frustration while renting in my city

I wanna to see if 30 percent or less is as common as google wants me to believe

Posted By: blaquefoxx
Date Posted: Jan 28 2014 at 9:42pm
toofuccinmuch% Unhappy

Posted By: AwesomeAries
Date Posted: Jan 28 2014 at 9:45pm
about 20% that is still too much for me 
meh Unhappy

Posted By: mizzsandra00
Date Posted: Jan 28 2014 at 9:46pm
Originally posted by blaquefoxx blaquefoxx wrote:

toofuccinmuch% Unhappy

Posted By: ChubbyYeti
Date Posted: Jan 28 2014 at 9:48pm
Mortgage which includes taxes and insurance is 14% of take home pay. This is in Arizona.

30% seems high.

Posted By: PurrPoZe
Date Posted: Jan 28 2014 at 9:52pm
Originally posted by AwesomeAries AwesomeAries wrote:

about 20% that is still too much for me 
meh Unhappy

20% is something I daydream about

Posted By: Yardgirl
Date Posted: Jan 28 2014 at 10:57pm
Zero. We own the house outright. 

But if I were to rent a 1 bedroom apartment in a decent area, I'd spend about 20% of my salary on it.

Posted By: oh_so_moody
Date Posted: Jan 29 2014 at 12:24am
I'm about 30%. 

Hopefully I will be around the same in the next few months after closing.

Posted By: Missvw
Date Posted: Jan 29 2014 at 4:55am
About 55% of my income goes on rent
ETA: I live in London so everything here is damn expensive.

Posted By: ppp38
Date Posted: Jan 29 2014 at 6:00am
Apartments usually do not qualify you if you don't make at least 3 times the rent. Im at 33% in Austin, Texas and the cost of living here continues to skyrocket while incomes remain flat. 

Posted By: nitabug
Date Posted: Jan 29 2014 at 6:59am

my apartment is all inclusive

Posted By: iliveforbhm
Date Posted: Jan 29 2014 at 7:06am


Posted By: whitrhymes
Date Posted: Jan 29 2014 at 9:13am
25%. I'm in the midwest, but the cost of my apartment is a little above average I think.

Posted By: lanae
Date Posted: Jan 29 2014 at 10:39am

Posted By: GoldieLocks
Date Posted: Jan 29 2014 at 11:17am
50% of my monthly take home goes to rent.. - NYC Metro Area of New Jersey

Posted By: Ds2nice
Date Posted: Jan 30 2014 at 4:51pm
16% of gross pay.  However, I want to go lower.  I saw a condo that will get me less than 7% of gross pay however, I will have to live without the luxury amenities such as laundry and gym, lose about 400 square feet, and have to take a connecting bus to get to an express bus to get to work.
I was wondering if i'm being a bit extreme to save more money.  I like having more money in my pocket versus having luxury things/expenses.   Still trying to decide....

Posted By: NuAttitude
Date Posted: Jan 30 2014 at 6:47pm
50Censored% NY!

Posted By: jonesable
Date Posted: Jan 30 2014 at 7:08pm
Oops about 15 percent
I have to move this summer for school and a career hopefully I find something even cheaper.

Posted By: Joja1107
Date Posted: Jan 31 2014 at 9:17am the midwest.

Posted By: Star007
Date Posted: Feb 02 2014 at 12:02pm
I'm in Miami and my rent is nearly 40% of what I make

Posted By: afrokock
Date Posted: Feb 02 2014 at 12:43pm
9% inclusive of insurance

Posted By: kfoxx1998
Date Posted: Feb 02 2014 at 1:19pm
30% when my rental is vacant.  When my units are rented its -1% overall for all mortgages and rent.   i like that better.  I'm paying rent and collecting rent.  Ugh!  I need to decide where I'm going to live next and stop rentingLOL

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