What % of your income goes on your rent/mortgage?

WantToBeSE

I am just being curious. We hear about how expensive it is to buy/rent and i was thinking of asking how much your rent/mortgage are, but it's only relevant to your income.

I am not asking your income and rent amounts in £ (unless you want to share, in which case, feel free), but i am wondering how much of your total income (to include wages/salary, any tax credits and other benefits) gets spent on your monthly rent/mortgage?

Percentage calculator here if needed:

http://www.percentagecalculator.net/

braun_2

After Tax I assume?

20%

I have been paying other people's mortgages for the last 10 years.

mummyroysof3

About 16% of take home pay and benefits

Lagoon

30%

Renting

marlasinger

Our mortgage is about 21% of take home pay.

PasturesNew

Over 200%, I dip into my savings every month to make up the difference and to pay bills and eat.

If I had a job, it'd be about 60% for a 1-bed pokey flat.

joe_purdy

just wating to get the keys to my first home, mortgage will be 11.72% of wages/ benefits

addyboy1982

Mortgage is about 24% of my take home.

OH isn't working at the mo, on our old joint income it was 12%!!

tiger_eyes

My rent is fixed while my self-employment income is variable, but averaged over the last few months, rent is about 20% of pre-tax income. My self-employment income has increased quite dramatically since I moved in. I live alone so the rent is paid from my business alone.

bluedrop

30% renting a 2 bed flat (in zone5 London)

It will still be 30% for mortgage - a 3bed semi - with a 25% deposit....

joe_mcclaine

Less than 7%

Which is nice.