What % of your income goes on rent?

[22s]

Interesting - looks like the places I'm considering are a little high, but not completely outrageous then!

Even though I can afford to live solo at the 50%-ish mark, it's going to make it nearly impossible to save anything for a deposit, so looks like I'll have to risk it and live with some randoms.

[Accelebrate]

30% when I graduated and started work, I was sharing with a couple of friends. I think I calculated at the time that I could just about rent my own place with parking for 55%, and afford to live, but not really save anything.

[crouchingpigeon]

22s said:

Really interested to hear what people are paying for rent. I'm just leaving uni, I'm on a decent salary, but the amount I'm potentially paying for rent seems crazy. I'm looking at 55% of my post-tax salary a month just on rent, without bills, for a half-decent one bed place. By half-decent, I mean it's in an okay area of town (not the best) and doesn't look like it was last painted on in 1970s. Is this normal?

I know sharing is cheaper, but I'm moving to a new city where I don't know anyone and I'd rather live alone for a few months whilst I find my feet... Although looking at the numbers I may have to find a flatmate!

If you're moving to a new city and don't know anyone then a house share is a good way to meet new people and get out there a bit, moving to a new city and living alone sounds like less fun. It's not for everyone obviously though

[brickwall]

Amongst my graduate friends in London 40-50% seems pretty normal, at least for the first couple of years.

[anonymous-user]

I've been looking at this fugure, as my kids are finishing uni, and was looking to loan them mosny to buy. A few months ago either the BBC/the Daily Mail or the Independent (these are web sites I look at) said the average in the UK was 55% of take home, I was amazed,

[Merp]

Mortgage and rental property currently, approx 17% of our combined.
We bought our first place whilst I was still an apprentice.

At the time, my mortgage was 60% of my salary.

[22s]

crouchingpigeon said:

If you're moving to a new city and don't know anyone then a house share is a good way to meet new people and get out there a bit, moving to a new city and living alone sounds like less fun. It's not for everyone obviously though

I do get that, but I'm planning to join clubs etc. The company I'm working for also has people joining from all over the world at a graduate level when I start, so it should be fairly straightforward to meet people. I'm no hermit, so it's not an issue for me to meet people - and if you end up meeting/living with a person you don't get on with, that's even worse than living alone!

I just found out a Norwegian guy I know is living in the same city alone at the moment, so am going to try and share with him and hopefully he'll bring some of his female friends over occasionally.

[iphonedyou]

22s said:

I do get that, but I'm planning to join clubs etc. The company I'm working for also has people joining from all over the world at a graduate level when I start, so it should be fairly straightforward to meet people. I'm no hermit, so it's not an issue for me to meet people - and if you end up meeting/living with a person you don't get on with, that's even worse than living alone!

I just found out a Norwegian guy I know is living in the same city alone at the moment, so am going to try and share with him and hopefully he'll bring some of his female friends over occasionally.

If you're joining as a graduate with other new starters, you'll make some very good friends. In my personal experience, 50% of them were just utterly objectionable - irritatingly keen, generally, and spectacularly entitled as a result of an oxbridge first with no real world experience whatsoever, even a starter retail job - and the rest were fine. I've made some great, lasting friendships from my grad cohort.

[Ynox]

23% between the missus and I.

[okgo]

I think figures suggested the average in London now was 50%?

I personally wouldn't want to go higher than 30%.