What percent of your paycheck do you spend on rent?

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.

 

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
 

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. .

 
BobTheBaker:
my GF
BobTheBaker:
somehow I still don't save enough money.

Sometimes the answer is right in front of you

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

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.

 

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.

The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
 

19% Pre-tax 28% Post Tax (Parking included) Chicago

Upside: I have a really nice place for someone my age Downside: I have 3 roommates...

To all people working FT: During my first year in working FT, I lived in a dumpster fire excuse for a house (it was a house but super old) paying 11% Pretax and 17% After Tax. Highly recommend to anyone not living in NYC/SV, as I don't think you can save a sufficient amount in rent while living in either location for the trade off in quality of your place/lifestyle to be worthwhile. Couple of my friends did this too and it positioned us very well for making our first move into a "real" place. If you have a couple roommates this is very doable for most people.

 
Most Helpful

it's not income driven, I'll tell you that, it's all about priorities. had many friends go to NYC/LA/SF for IB or something similar and their first big expense is their apartment. they think they have to have the best location with the best views in the newest building. they imagine patrick bateman's place and think they need that. false.

if people realized it's not the structure in which you live but the way you spend your time that leads to happiness, people would own smaller houses. the idea that increasing income means you should purchase larger square footage needs to die. having a house is a pain in the ass. having a big house is like having shackles around your ankles, it's a neverending cascade of expenses. you live in the nicest building, better have your outfit on point, better have the nicest furniture, better have some good art, better go to all those dinner parties, fuck that man.

I made this mistake while younger, and I cannot recall any life changing memories from my "nicer" apartments. what do I remember? the times I spent with friends when young, the trips I was able to take because I eschewed the nicer building with a doorman, stuff like that.

life is short, and it's hard to enjoy it when you're a slave to a lease agreement (not that renting is uneconomical, just that overpaying is stupid

 

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