What is your rent as % of net income?

[tokie]

As well as your city and car/transport. I'm interested in seeing higher rent with public transit vs lower rent with car payment. Include utilities please.

For me:
Rent - 40%
Subway - 5%

This is in London.

 

[dud]

As well as your city and car/transport. I'm interested in seeing higher rent with public transit vs lower rent with car payment. Include utilities please.

For me:
Rent - 40%
Subway - 5%

This is in London.

OP, many people own their own place and may/may not have a mortgage. Recommend asking what % of net income is rent/mortgage.

For me: 0%

 

[highland145]

0% Thank God.

 

[LookBehindYou]

Mortgage is around 30% of combined net.

 

[IndyColtsFan]

Mortgage is around 17%, give or take a couple %. No car payments.

 

[jlee]

Rent ~16%
Car payment ~9%
Gas maybe 8%

That's with overtime, though - increase everything by about 20% at straight time.

 

[Anarchist420]

They need to get rid of the income tax so people can use their 401ks to pay off their mortgage early. The income tax is another form of corporate welfare.

 

[Kntx]

Rent 0%
Subway 1%

This is NYC

 

[tokie]

Do 0% people live with their parents or do they own property?

 

[ShawnD1]

Rent with utilities is 29% of gross income (not sure about net)
bus pass is 2.2% of gross income
car insurance is 6.5% of gross income

I live in Edmonton and I'm a draftsman, mostly electrical but some of it is civil.

 

[Arcadio]

In NYC:
Rent: 35%
Subway: 2%

 

[Tweak155]

Good question... Less than 10% (finances just changed recently [for the worse]). Been saving for a house.

No car payments and we should be able to buy a house cash by the end of the year (nothing fancy or awesome). Of course that is the current goal. My goal was to own a house cash by 30 and if we do it this year I'll be 28. So I technically have 2 years leniency.

 

[khon]

Rent: 32%
Transportation: ~0% (bike)

 

[Juddog]

Updstate NY: Rent: 22%, Vehicle: 21%

Had to buy a car when my other one died.

Trying to save up money for a house but it's difficult.

 

[Oil]

Rent: 18%
Transportation: $0 (company pays for gas and car)

 

[highland145]

Do 0% people live with their parents or do they own property?

Own plus both cars, zero debt but I've been at it a while (47). Dud, too, I'm sure.

 

[busydude]

Rent+Utilities - 30%
Travel - 0%. I walk or use public transport.

<- Grad student.

 

[darkxshade]

Rent + Utilities - 16%
Manhattan NY

 

[AyashiKaibutsu]

~33% that includes utilities, lawn care and armed guards. I live on base housing : )

People that own should probably figure their propety tax/maintainance.

 

[dquan97]

Rent - 30%
Car/Train - 5%

 

[nageov3t]

my rent is about 20% of my net... it would probably be about double that without the "family discount," though.

 

[Vic Vega]

Housing is 25% of my monthly take home pay after taxes (does not include wife's income). This is on purpose. If my wife or I lost a job we would still be able to meet our housing responsibility.

All my vehicles are paid for but I dump $475/month into my "car" fund anyway. At some point in the next year or two, I'll buy a new car and when I'm ready I'll pay cash.

Raleigh, NC.

 

[child of wonder]

Mortgage is 20% of net take home pay each month.

In two weeks there will be no car payments at all.

This is about 20 miles outside the Twin Cities in MN.

 

[Zeze]

25% of my net. God damn taxes they take out so much. But then I get 10K bonus, which should bring it down to 22%~ or so.

 

[Evadman]

Home: ~42.5% (mortgage, tax, etc)
Utilities: ~10%
Car: ~5% (gas)

Chicago.