What percent of your paycheck do you spend on rent?

pip_1's picture
Rank: Baboon | 138

Wondering what y'all spend on rent. I feel like I'm overpaying for my rent or maybe I'm just underpaid.

I'm paying about 41%.

I know Greater Seattle and Silicon Valley are way to expensive... But it's where the jobs are sadly.

Comments (69)

Oct 28, 2019

46% in NYC

Oct 28, 2019

Guaranteed you are in Manhattan lol.

Oct 29, 2019

wow

WSO's COO (Chief Operating Orangutan) | My Linkedin

Oct 28, 2019

45% San Francisco

Oct 28, 2019

34% Seattle

    • 1
Oct 28, 2019

28% Raleigh

Oct 28, 2019

48% San Francisco

Oct 28, 2019

45.45% Fremont (Mortgage)

Oct 28, 2019
MoBananas:

45.45% Fremont (Mortgage)

How the fuck did you get approved too on DTI?

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/

Oct 28, 2019

I've seen DTI go up to 52%, although they needed a really high FICO

"The three most harmful addictions are heroin, carbohydrates, and a monthly salary." - Nassim Taleb

Oct 28, 2019

I know someone that pays 58% in London but that's basically the only thing he pays since he works non-stpp

Oct 30, 2019

if you work nonstop then why TF would you pay 58% on a place to sleep

    • 1
Oct 28, 2019

About 22%, including bonus (half of which was paid out) in SoCal

"The three most harmful addictions are heroin, carbohydrates, and a monthly salary." - Nassim Taleb

Oct 28, 2019

edit

Oct 28, 2019

17%

Oct 28, 2019

We talking gross or net?

Oct 28, 2019

About 22% of net in NYC

Oct 28, 2019

How did you even get approved? We require 3X income:rent minimum and 2.5-3X is standard.

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/

    • 1
Funniest
Oct 28, 2019

141% (Paris)

    • 7
  • Analyst 1 in PE - Other
Oct 29, 2019

Man, just moved to Paris for a new job, 1st reond are crazy, but i'm getting REF'd by taxes, like actually sad

    • 1
Nov 3, 2019

baisee dans le cul

Oct 29, 2019

18%, Manhattan

Oct 29, 2019

0% technically homeless

    • 3
Oct 29, 2019

Jean-Ralphio

    • 3
Oct 29, 2019

9% of gross/16% of net
(Scandinavia).

Oct 29, 2019

Major city?

Oct 30, 2019

Yes

Oct 29, 2019

31% pre-tax, 42% post-tax in MCOL. Super nice place with everything I could want though. I'm fine paying that since that also assumes a 0% bonus and I have zero debt.

Oct 29, 2019

24% Gross - Dallas

Oct 29, 2019

24% on a gross basis - NYC

Likely to go a lot higher now that I'm looking to live alone. Unless I have a great year which is looking...............

Doubtful

Oct 29, 2019
Lester Diamond:

24% on a gross basis - NYC

Likely to go a lot higher now that I'm looking to live alone. Unless I have a great year which is looking...............

Doubtful

That % is the % of my salary, not including bonus

Oct 29, 2019

4% gross.

Or 6.5% gross if we're just talking salary.

Y'all are comical, but as an apartment developer, god bless you, each and every one of you.

    • 2
    • 3
Oct 31, 2019

I'd assume you do very well, living in a low cost of living city? Or did you buy something with a large down payment and low mortgage?

I was roughly that way - paying like 10% gross or so, that now doubled as I moved to a major city (although still significantly less than some others on here.

Oct 31, 2019

An apartment developer probably rakes in 200k+ in wages minimum + whatever else he can write-off through the business on top of the equity of his business and the Cash Flows coming in from his rental properties. .

Don't quit!
Oct 29, 2019

I'm at 4.7% in the midwest (Detroit, Pittsburgh, Cleveland area)

    • 1
Oct 29, 2019

20% of salary
25 bps of All-in Comp

Oct 29, 2019

20% - Charlotte

Oct 29, 2019

11% of gross including bonus.

Oct 29, 2019

15% gross (mortgage )

Oct 29, 2019

45% of salary post tax, San Francisco

Oct 29, 2019

7% of net/4% gross including bonus, London

Oct 29, 2019

15% of gross (mortgage) Chicago

Oct 29, 2019

23% In Dallas. But that's high for my income, since income is lower here than California or New York.

  • Analyst 1 in PE - Other
Oct 29, 2019

30% of gross, 46% of net, not including bonus, Paris (taxes are just too high in France)

Oct 29, 2019

Move to the US!

Oct 29, 2019

Manhattan
16% of personal gross wages, bonus excluded
8% of househol gross wages (wifey), bonus excluded

Oct 29, 2019

12% of my gross pay bonus excluded, my GF pays half the rent - somehow I still don't save enough money.

Oct 30, 2019

16.7% gross / 25.6% net salary only
11.1% / 17.1% including bonus

Oct 30, 2019

16% of net in greater Boston. I fucking hate spending money on rent.

Nov 3, 2019

damn, either you gotta be making a ton or living in fucking Lynn haha

Nov 4, 2019

Haha not quite. My GF and I share a room and have two other roommates..so thats where the discount comes into play.

Oct 30, 2019

40% Gross, 56% Net in Palo Alto, CA

Oct 30, 2019

12% of gross pay, 18% of net pay in Los Angeles, CA. Just because you can afford to spend more money on rent doesn't mean you should (same concept as buying more house than you can afford). Keep it frugal and bank the rest. Thank yourself later.

    • 1
Oct 30, 2019

In the neighborhood of 1/3 of net base pay, counting parking. Greater NYC, but not Manhattan. I had a rent controlled place uptown, but the math made more sense for me to not live in the city and just eat the higher rent in order to avoid city tax.

Oct 31, 2019

15% gross, 21% net (bonus excl.) in downtown Frankfurt

  • Investment Manager in AM - Equities
Nov 2, 2019

12% pre tax
20% after tax
27% after tax of base salary only (two numbers above were based on total comp)

Nov 2, 2019

24% gross, not including bonus

Nov 3, 2019
Comment
Nov 3, 2019
Nov 3, 2019