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

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Comments

  • dgtazzman
    dgtazzman Posts: 1,140 Forumite
    About 28% of take home, 23% if I take my annual tax rebate into account. Would be slightly less if we had a mortgage and weren't renting.
  • Approx 29% - renting
  • SG27
    SG27 Posts: 2,773 Forumite
    20% of joint income, 32% of my my sole income. Mortgage. After we saved a 50% deposit! Otherwise would have been more like 40% joint or about 66% I've sole wages! Ie impossible!

    Suprised how low everyone's is here, would be good to see age too as I expect the percentage to much higher amongst young people. I'm 30 and have the lowest housing costs by a long shot for rent/mortgage. I have friends paying 45/50% and that doesn't seem uncommon!
  • YoungBusinessman
    YoungBusinessman Posts: 1,239 Forumite
    Mortgage, my half of mortgage = 10% my net take home pay. 14% combined.
    :eek:Living frugally at 24 :beer:
    Increase net worth £30k in 2016 : http://forums.moneysavingexpert.com/showthread.php?p=69797771#post69797771
  • StevenMarks
    StevenMarks Posts: 268 Forumite
    Currently renting after selling house while looking for a new one.

    Rent is 15% of take home.

    Once I find somewhere to buy the mortgage is likely to be 40% of take home.
  • joe_mcclaine
    joe_mcclaine Posts: 101 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    SG27 wrote: »
    Suprised how low everyone's is here, would be good to see age too as I expect the percentage to much higher amongst young people. I'm 30 and have the lowest housing costs by a long shot for rent/mortgage. I have friends paying 45/50% and that doesn't seem uncommon!

    My accurate figure is 6.6%

    Mortgage

    Haven't factored in wife's wages ... that would make it a fraction over 4%

    I'm 42
  • pinkladyof66
    pinkladyof66 Posts: 1,829 Forumite
    22% at present as i am working part time



    Make £200 by end of January... £20.42/£200
    Grocery Challenge £200 pm Jan £0/£200
    January no spend days - 1/31
  • Tancred
    Tancred Posts: 1,424 Forumite
    SG27 wrote: »
    20% of joint income, 32% of my my sole income. Mortgage. After we saved a 50% deposit! Otherwise would have been more like 40% joint or about 66% I've sole wages! Ie impossible!

    Suprised how low everyone's is here, would be good to see age too as I expect the percentage to much higher amongst young people. I'm 30 and have the lowest housing costs by a long shot for rent/mortgage. I have friends paying 45/50% and that doesn't seem uncommon!

    I'm 46 and my wife 43 and currently pay 12.6% of net income as mortgage. That will soon rise steeply to around 20% of net pay because we are trading up to a posher house.
  • Calleja
    Calleja Posts: 197 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    SG27 wrote: »
    20% of joint income, 32% of my my sole income. Mortgage. After we saved a 50% deposit! Otherwise would have been more like 40% joint or about 66% I've sole wages! Ie impossible!

    Suprised how low everyone's is here, would be good to see age too as I expect the percentage to much higher amongst young people. I'm 30 and have the lowest housing costs by a long shot for rent/mortgage. I have friends paying 45/50% and that doesn't seem uncommon!

    If all goes to plan (fingers crossed!) mine will be 32% of take home pay (buying alone). Its high, but figured the first few years would be and I am lucky in that I can work extra when I choose to for extra cash on a month to month basis (not included in above take home pay - and all above board tax-wise!). Im mid 30s.
  • csh_2
    csh_2 Posts: 3,294 Forumite
    Part of the Furniture Combo Breaker
    17.82% DH is the only one working as I'm a FT student. Both early 30's, 3 kids. Been here for a month its the second house we have bought.
    Do not intend to move within the next 15 years at least.
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