% of your take home salary on rent payments?

mdb99jh

About 40%, same as you pastures. It's definitely more expensive being single!

johncolescarr

with 2 incomes, ours is 24% of our salary. But were in -ve equity and I guess we are short by about £18k, this is about 50% of our yearly take home salary!

tara747

For OH and me it's about 12% of our take home pay... rent here is very cheap and we are able to save loads!!

chewmylegoff

ruggedtoast wrote: »

Well I live in London. Average rent for a 1 bed flat is about £900 a month. If you need 2 bedrooms and a garden then its £1100 plus.

We live in a nice area, certainly not a palace. Our salaries and share of rent each is about average for this city, and both above average for the uk.

the figures you quote seem to imply that you are saying that the rent for the whole place you are living in is 70% of your salary, but there are two wage earners living there, so if you split it equally you'd really be paying 35% of your salary out as rent. is that right?

just assuming that you're both on £25k a year (as you said > UK average), and you seem to be implying approx £1,100pcm rent. household income pcm (net) would be approx £2,900 - so rent 38% of household take home, or 76% of individual takehome.

for the purposes of the thread, my rent is 28% of the household net income.

b0rker

ruggedtoast wrote: »

Well I live in London. Average rent for a 1 bed flat is about £900 a month. If you need 2 bedrooms and a garden then its £1100 plus.

We live in a nice area, certainly not a palace. Our salaries and share of rent each is about average for this city, and both above average for the uk.

Are you from London? Do you have family ties there? If not, may I please reccomend moving out of Nodnol to somewhere where you are not held to ransom by insane house prices? I have a lot of mates from London up here in Inverness. They have been freed from the Rat Race, please do follow their lead!

chewmylegoff

b0rker wrote: »

Are you from London? Do you have family ties there? If not, may I please reccomend moving out of Nodnol to somewhere where you are not held to ransom by insane house prices? I have a lot of mates from London up here in Inverness. They have been freed from the Rat Race, please do follow their lead!

i'll move to inverness just as soon as all the scottish people move out.

mickey54

27% of my weekly income goes on rent

Rustvaar

81.53% for (drumroll, please) a bedroom.

Isn't life lovely?

Zelie

20% of take home pay on the rent. 50% goes towards saving for a deposit. (High salary and shoebox but also high rent for it being a shoebox).

chrisandanne

17% Here, low rent and 1.5 wages. I spend a lot on self improvement (y'know makeup, hair does, clothes) save a bit and squander the rest on holidays.

A x