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What Percent of Your Salary Is Used For Rent / Mortgage?

A general budget rule of thumb is that your rent or mortgage payment should be less than 30 percent of your income. If a homeowner spends 30 percent or more of her income on housing costs, the government and most lenders consider her to be financially burdened.


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Allytta Allytta 8 years
haha, i get paid 200-250 and my rent alone is 617.5. so that would be 300% or something :)
aimeeb aimeeb 8 years
Just over 50%...ya happens when you take a job after a ly off and get a huge pay cut. Sigh.
ella1978 ella1978 8 years
Now that I got my pay cut, I'm spending more than a third of each check on my mortgage and property taxes, and I bought a pretty cheap house.. ugh.
smaine07 smaine07 8 years
12% for me! I rent an apartment though..
bellaressa bellaressa 8 years
27% after taxes.
Modus-Vivendi Modus-Vivendi 8 years
I am right at 30 after taxes. I'm with you, beram1220. I could happily live in a tiny apartment but needing a yard for the dog makes housing a little more expensive.
supercoolnat supercoolnat 8 years
18% after taxes, with both my income and my husband's.
robinashley robinashley 8 years
0% - own everything.
green-socks green-socks 8 years
50% -- That's what I get for being a grad student!
expresso14 expresso14 8 years
About 50% since I have only a grad student salary now, but I own a house. When I lived in Calif., even with a full time job it was around 35-40%.
muchacha muchacha 8 years
just under 23% after taxes :)
starofsorrow starofsorrow 8 years
About 40% for me. I've been looking for a job! The lucky thing is, I live with family, so I don't have to worry so much about money matters other than not having much money most of the time.
mondaymoos mondaymoos 8 years
20% after taxes now that I have a roommate. :)
beram1220 beram1220 8 years
42% after taxes :( but that does include my utilities because it's all lumped together. I also have a dog, which makes it hard to rent affordable places in my town. AND i live in beautiful Santa Barbara :)
ayanaphil ayanaphil 8 years
29.4% after taxes after I sign this lease on Saturday
Spectra Spectra 8 years
Hmm...I had never really thought about it before, but now that I calculate it out, it works out to be around 15%. I can't imagine spending more than 35% of our income on the mortgage payment...that'd be tough.
LaurenG22 LaurenG22 8 years
None- the Army gives us a basic allowance for housing.
Beauty Beauty 8 years
After, 30%. I hate spending more money than necessary for housing, so I recently got a roommate (who's great) to save a little extra.
GlowingMoon GlowingMoon 8 years
As far as the lender is concerned, the percentage relates to GROSS income (before taxes).
sonya-ina sonya-ina 8 years
About 25% after taxes. Meh!
leslievanhouten leslievanhouten 8 years
22% after taxes...which is the only number that counts.
SDTransplant SDTransplant 8 years
Before taxes, approx. 14%; after taxes, about 23%.
Chouette4u Chouette4u 8 years
35% in the SF Bay Area after taxes. I've always wondered if this 30% rule is supposed to be before or after taxes
MrsRachel MrsRachel 8 years
About 35%--before taxes.
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