Percentage of salary to spend on rent
Poll: Percentage of salary to spend on rent
Total Members Polled: 70
Discussion
SystemParanoia said:
Finally sick of living on the cheap in chav hell. Ive decided to look at houses to rent.
Everywhere decent in nice areas start from about %50 of my take home.
so phers, how much do feel is sensible to commit on just rent!?
Mine is about 25% although I am quite lucky to get that, most places are 20% more p/m than I pay (rent-value not percentage of salary). Live London tube Zone 6 so nice countryside/forest on the doorstep and only 30 mins to L'pool St. That's for a 1-bed. Everywhere decent in nice areas start from about %50 of my take home.
so phers, how much do feel is sensible to commit on just rent!?
When you add in bills, council tax etc probably more like 35% though...
Edited by OzzyR1 on Sunday 7th November 10:40
toasty said:
Entirely depends on how much you have left after rent and whether you can comfortably live on that.
Agreed.It goes without saying, if you take home £500,000 per month, you could easily spend 75% on rent and live more than comfortably.
If you take home £2,000 per month, then £6-700 in rent doesn't leave you much to play with after your bills.
I would say on a "normal" wage, 25% is about right.
my zone 2 place is about 33% but it includes the butler and naked eastern european chicks to clean up.
Seriously though... Depends where you want to live and in what style. Rents in london are massive mine is about 33% lovely place on the edge of a poor area and an ok one. I sublet a room to a mate so it comes in about 20% which is more bearable. I prefer a very nice place in a not so great area and more spare cash to have fun with.
Seriously though... Depends where you want to live and in what style. Rents in london are massive mine is about 33% lovely place on the edge of a poor area and an ok one. I sublet a room to a mate so it comes in about 20% which is more bearable. I prefer a very nice place in a not so great area and more spare cash to have fun with.
Don't consider how big a percentage it is consider if all your other expenses are still affordable, if you have 50% of your income going on rent does the remaining 50% leave you enough to live. Do you have monthly payments that can't easily be cut such as gym membership, mobile contract, sky/virgin etc.
SystemParanoia said:
anonymous said:
[redacted]
id be paying 25% if i shared rent with the mrs when we decide to move.im just worried about affording 50% on my own if the mrs went mental
We are 6 months in to living together and loving it still
Engineer1 said:
Don't consider how big a percentage it is consider if all your other expenses are still affordable, if you have 50% of your income going on rent does the remaining 50% leave you enough to live. Do you have monthly payments that can't easily be cut such as gym membership, mobile contract, sky/virgin etc.
How much a month does a virgin cost.spikeyhead said:
SystemParanoia said:
i currently have only one regular expenditure.. and that is for my mobile.
so planning how much i have every month is pretty easy lol
you don't eat?so planning how much i have every month is pretty easy lol
...and surely there's some expenditure on toilet rolls too
FWIW, I'd say up to 1/3 and anything more than that is potentially questionable.
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