What percentage of your income do you spend on rent?
The title says it all. How much do you monkeys spend on rent? What do you guys think as an appropriate ratio for income:rent?
The title says it all. How much do you monkeys spend on rent? What do you guys think as an appropriate ratio for income:rent?
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15% of pre-tax, 23% after tax and 401k.Im happy with that level. Hope to buy soon though..
Jesus christ lmao
16% of gross. If you're paying for than 25% of your gross income in rent there is a problem, or you're RIGHT out of college or something. JM(not)HO. In expensive areas, I'd still try to keep my home mortgage under 40% of gross income
Renting is for serfs.
whatever your parents did to you as a kid, im sorry
39%- London
34% - same city. Goddamn London
Why? Either you don't have a lot of "other" expenses or you make a shit ton and just don't care? When I used to work in banking in NYC and these analysts tell me how much they spend living in Manhattan because want to experience the night life and getting hammered every night because they make six figures. It's sounded absolutely foolish.
25% after tax - Stamford, CT. Not as bad as NYC but still pretty expensive.
Also ~25% after tax. NYC adjacent with a good commute to work in NYC. The city is fucking expensive. I'd take a 10% pay hit to work elsewhere, and I'm from here. I'd make half of the hit up in lower taxes and another 100% up in lower rent.
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