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What percentage of your monthly income goes to rent? - Page 2

post #16 of 138
15%
post #17 of 138
about 33% of net.
post #18 of 138
37% of net.
post #19 of 138
Most landlords won't even rent you something unless your gross salary is equal to 40 times the monthly rent payment. I have no idea how some people get around this.
post #20 of 138
Quote:
Originally Posted by patrickBOOTH View Post
Most landlords won't even rent you something unless your gross salary is equal to 40 times the monthly rent payment. I have no idea how some people get around this.

You can negotiate by paying 2 months ahead of time to assuage their 'fears'.
post #21 of 138
Quote:
Originally Posted by patrickBOOTH View Post
Most landlords won't even rent you something unless your gross salary is equal to 40 times the monthly rent payment. I have no idea how some people get around this.

Factor in how badly they want to get it rented too. I think a lot of landlords might let it slide a bit if a place has been empty for a significant amount of time.
post #22 of 138
i didnt know until I just calculated it.....12%. pretty shocking.
post #23 of 138
Right at around 10%, and that is for both my wife and I who are 22.
post #24 of 138
In general, my advice is to keep your fixed payments as low as possible, really in no matter what stage of life you are in. The higher your debt, lower your income, and lower your available emergency funds, the lower % your total fixed payments should be.

I learned this lesson the hard way.
post #25 of 138
Quote:
Originally Posted by FunLovinStyle View Post
about 33% of net.

i have heard this figure from many people in the past
post #26 of 138
Quote:
Originally Posted by patrickBOOTH View Post
Most landlords won't even rent you something unless your gross salary is equal to 40 times the monthly rent payment. I have no idea how some people get around this.

My gross annual salary is well above 40 times the monthly rent payment (what they ask for in rental applications). Totally different story when considering percentage of net monthly income going to paying rent (what the OP is asking).
post #27 of 138
Quote:
Originally Posted by in stitches View Post
i have heard this figure from many people in the past

that percentage is closer to what my booze budget was.
post #28 of 138
About 20% for me. But I'm talking about my salary after taxes. Are we all?
post #29 of 138
Around 20%
post #30 of 138
10% or less. Moving to Tokyo in less than a couple months and it might move up to 10% even or so, but it will depend on the place we decide on. I hope it doesn't get too high, otherwise it will be hard to save. Parking spots are $700 a month.
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