What Percent of Your Salary Is Used For Rent / Mortgage?


Updated 05/19/09 1:37 PM · Posted by SavvySugar · 29 comments

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.

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