What % of your income goes on rent?

What % of your income goes on rent?

Poll: What % of your income goes on rent?

Total Members Polled: 167

Less than 10%: 20%
10%-20%: 16%
21%-30%: 37%
31%-40%: 16%
41%-50%: 10%
51%-60%: 1%
61%-70%: 1%
More than 70%: 0%
Author
Discussion

22s

Original Poster:

6,339 posts

217 months

Thursday 17th July 2014
quotequote all
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!

22s

Original Poster:

6,339 posts

217 months

Tuesday 22nd July 2014
quotequote all
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.

22s

Original Poster:

6,339 posts

217 months

Wednesday 23rd July 2014
quotequote all
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. wink