How much of your monthly wage goes on rent.
- Thread starter Johnnytoxic
- Start date
Thats why I rented further out of town
still, you've got a higher income than me so it can't be all that bad..When I first moved out I was working at Woolies on 5.something an hour. Roughly took home about 600 to 700 a month and my rent was £290 a month on a 1 bed town centre flat. So that was about 45% of my takehome.
I was living with my other half and she covered the bills I did the rent.
Now the mortgage is less than 10% lol, until rates go up again anyway...
I was living with my other half and she covered the bills I did the rent.
Now the mortgage is less than 10% lol, until rates go up again anyway...
When I rented it was anything from 100%+ (when a student) down to 15% (highest salary I earned while living at my dad's house).
50% just on rent sounds pretty crazy, but as I pointed out the last time I saw a thread like this, the amount a person is earning has a huge affect on the impact of this.
-Someone taking home £5000 a month spending 50% on rent is left with £2500 for other bills
-Someone taking home £500 a month spending 50% on rent is left with £250 for other bills
I know that's an extreme example but it does happen, a friend of mine living in Kensington spends nearly 50% of her income on rent yet she is still left with nearly my takehome pay before I've paid anything!
50% just on rent sounds pretty crazy, but as I pointed out the last time I saw a thread like this, the amount a person is earning has a huge affect on the impact of this.
-Someone taking home £5000 a month spending 50% on rent is left with £2500 for other bills
-Someone taking home £500 a month spending 50% on rent is left with £250 for other bills
I know that's an extreme example but it does happen, a friend of mine living in Kensington spends nearly 50% of her income on rent yet she is still left with nearly my takehome pay before I've paid anything!
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Great thread, I was about to start a thread like this to help me gauge what was an average percentage of mortgage/rent out of your disposable income.
Our little family is looking to move house, the houses we have been looking at are really tempting at but I was baulking at the mortgage repayments which would be more than double they are now (but we are paying 1.5% at the minute, I have to remember that).
It seems the average is about 30% and the houses we were looking at would bring us to about 23% so not as bad as I thought.
Puts things into perspective a bit, maybe I was just being a tight ****
Our little family is looking to move house, the houses we have been looking at are really tempting at but I was baulking at the mortgage repayments which would be more than double they are now (but we are paying 1.5% at the minute, I have to remember that).
It seems the average is about 30% and the houses we were looking at would bring us to about 23% so not as bad as I thought.
Puts things into perspective a bit, maybe I was just being a tight ****
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Soldato
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11%
...about 15% of my wages go towards my mortgage.
Soldato
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10%
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After tax just under 20% which isn't bad for London. 
Including utilities, council tax etc....
Including utilities, council tax etc....