A general budget rule of thumb is that your rent or mortgage payment should be less than 30 percent of your income. If a homeowner spends 30 percent or more of her income on housing costs, the government and most lenders consider her to be financially burdened.


Hogan
Napo Shop
Goldsmiths
under normal circumstances, about 35% goes to my rent, but since my husband has been out of work since November, it's more like 70%
1About 35%. But it is either pay a little more or pay less and live somewhere I wouldn't feel safe. I'd rather pay 5% more.
27 or 8 percent.
3yes safety is a big issue living in the city. Is this 30% before or after income tax?
4About 35%--before taxes.
535% in the SF Bay Area after taxes. I've always wondered if this 30% rule is supposed to be before or after taxes
6Before taxes, approx. 14%; after taxes, about 23%.
722% after taxes...which is the only number that counts.
8About 25% after taxes. Meh!
9As far as the lender is concerned, the percentage relates to GROSS income (before taxes).
10After, 30%. I hate spending more money than necessary for housing, so I recently got a roommate (who's great) to save a little extra.
11None- the Army gives us a basic allowance for housing.
12Hmm...I had never really thought about it before, but now that I calculate it out, it works out to be around 15%. I can't imagine spending more than 35% of our income on the mortgage payment...that'd be tough.
1329.4% after taxes after I sign this lease on Saturday
1442% after taxes
but that does include my utilities because it's all lumped together. I also
have a dog, which makes it hard to rent affordable places in my town. AND i live in beautiful Santa Barbara
1520% after taxes now that I have a roommate.
16About 40% for me. I've been looking for a job! The lucky thing is, I live with family, so I don't have to worry so much about money matters other than not having much money most of the time.
17just under 23% after taxes
18About 50% since I have only a grad student salary now, but I own a house. When I lived in Calif., even with a full time job it was around 35-40%.
1950% -- That's what I get for being a grad student!
200% - own everything.
2118% after taxes, with both my income and my husband's.
22About 40%. I live in central London - that's all I have to say about that!
23I am right at 30 after taxes.
I'm with you, beram1220. I could happily live in a tiny apartment but needing a yard for the dog makes housing a little more expensive.
2427% after taxes.
2512% for me! I rent an apartment though..
26Now that I got my pay cut, I'm spending more than a third of each check on my mortgage and property taxes, and I bought a pretty cheap house.. ugh.
27Just over 50%...ya happens when you take a job after a ly off and get a huge pay cut. Sigh.
28haha, i get paid 200-250 and my rent alone is 617.5. so that would be 300% or something
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