what % of your income is used on a home

I worked out what percentage of our monthly income was used on our home and wondered what everyone elses was. By home I mean rent or mortgage, gas, electric, water and council tax compared to your post-tax income and any benefits.

Mine is

post-tax income for family of 3 = £1543 (1 wage, tax credits and child benefit)

outgoings =
rent = £500
council tax = £110
water = £36
gas = £33
electric = £29

so it is 46% of our income on our home.

Whats yours?

Comments

  • zcrat41
    zcrat41 Posts: 1,797 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Mine is post tax income of £1598
    Total bills related to house - £ 740 . Therefore 46%
  • central
    central Posts: 202 Forumite
    Part of the Furniture Combo Breaker
    Council Tax 179
    Gas and Electric 108
    Mortgage 502
    Water 30
    Internet and phone 50

    About 9%
  • slopemaster
    slopemaster Posts: 1,581 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 23 November 2010 at 10:09PM
    28%
    but if I had to pay council tax it would be 60%
  • I fail to see the relevance of this question and debate.

    Describe any home, of a specific type, in a specific area, then (by and large) it is going to cost a certain amount. Expressing that cost as a percentage of income doesn't really say anything. If I lived next door to you, and happen to earn twice as much as you, my percentage would be about 23%. If I earn the same as you and live in a cheaper area, I might say 38%. What meaning would these figures have for you - or anyone else?
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