% of monthly income that is dedicated to rent/mortgage

[ERR]

Mine is way to high, around 40%, and I want to get it down. What is everybody else's? I'm not saving enough, and I blame it on my rent.

[antknee]

15-20%

[ERR]

15-20%

yeah that's sick, that's where i want to get mine down to.

[Kyle]

The past 6 months it's been about 27% which i think is a decent percent. Before that, for a year and a half my rent was 15% of my monthly take which was a fucking stea and i was able to save a tonl, prior to that i was on a commission based position so it varied but for 3 years i was paying more in rent per month than what i am now.

I know quite a few people that are right around 50-55% and i don't get that at all. If I didn't have a new car i guess i wouldn't mind paying that high of a percentage.

[ERR]

The past 6 months it's been about 27% which i think is a decent percent. Before that, for a year and a half my rent was 15% of my monthly take which was a fucking stea and i was able to save a tonl, prior to that i was on a commission based position so it varied but for 3 years i was paying more in rent per month than what i am now.

I know quite a few people that are right around 50-55% and i don't get that at all. If I didn't have a new car i guess i wouldn't mind paying that high of a percentage.

bro, 50-55% is insane in my opinion. I'm just thinking to myself where all my money is going being that I don't go out at all in winter, and I think rent is taking up way to big a portion of it.

[J. Martin]

23-24

[Old Fart]

40% really is not THAT bad, its reality for the high cost of living in this area.
Once you buy you stretch it a bit and sacrifice in other areas to be able to live in a nicer home, I think of the cheap rent I used to pay and wish I had saved more and spent less, but so be it

[ohhai]

are u talking about gross or net? Net I'm right at 29% which is pretty pretty pretty good

[delysiduous]

If it is a mortgage I think it's ok to be a bit higher, but rent sucks. Right now the majority of my income goes to my rent; not sure the exact percentage. But I am in college and only work ~4 months out of the year, I rely on financial aid mostly for my bills. :(

[joeydollaz]

im around 25% but im about to refi which is gonna save me a little. my monthly payments are comign down like 10% of what they are now. which wont really effect my % of payment to income ratio but it will put a lil extra money in my pocket or allow me to pay more principle. i need to find someone to come live here i could be blast this loan away. lol

[James Maxx]

once my mortgage is modified its gonna be (hopefully) around 35%

Then when I start work again, that will translate to roughly 20%.

[eL FryEdo]

about 25%

[TheHipHopBillGates]

about 25% but I just switched to 15yr mortgage to get this shit paid, that also includes my property taxes too. I read some where that normally it should be around 33%, but I bet with the housing inflation & the lack of wage increases a lot more people are pushing the 40-50% range.

[chrisd1163]

I rent and my rent is pretty high for Long Island but it's about 20% max. My income varies month to month so I cant give an exact figure.

[eL FryEdo]

now that i think about it ... it actually ranges from 10-20% ... depending on how much i work that month

[ERR]

I want to get it down to 20%. I can't even imagine how great that financial freedom will feel. Being that it is around 40% now, it will feel like the world is off my shoulders. I can't say that I regret living in the place I have the last 4+ years, but at the same time I'm ready to cut down that expense, and enjoy life a little bit more. Plus if I do reduce it down to 20%, in 2 good years I'll have some nice change saved.

[ERR]

about 25% but I just switched to 15yr mortgage to get this shit paid, that also includes my property taxes too. I read some where that normally it should be around 33%, but I bet with the housing inflation & the lack of wage increases a lot more people are pushing the 40-50% range.

very impressed with tha 15 year, plus the car you bought, you will be living large for a long time.

[rob_in_chi]

25%,,i rent.

[Old Fart]

if you can do under 20% that is simply fantastic, between my 2 mortgages the amount of money that comes and then goes makes me ill, just the taxes between the 2 properties makes me sick.

More money, more money, more money

[rob_in_chi]

More money, more money, more money