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What percentage of your monthly income goes to rent?

Discussion in 'Fine Living, Home, Design & Auto' started by GreenFrog, Jul 4, 2011.

  1. RSS

    RSS Senior member

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    I had a significant jump in income and my mortgage is only 1% of my gross income.

    It's actually something of a disaster financially as I have an issue looking at the excess money as investible and instead spend it on clothes. [​IMG]

    Not that I'm complaining that much. To put things in perspective though, I don't live in a mansion so in SF terms I'm poor.

    1% of your income ... but poor by SF standards. Do you live in a duck blind, a old VW bus, or something akin to either of these?
     


  2. BrianVarick

    BrianVarick Senior member

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    ^I bet he figured out what his MONTHLY rent was compared to YEARLY income? Or else he is making bank.
     


  3. CouttsClient

    CouttsClient Senior member

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    1% of your income ... but poor by SF standards. Do you live in a duck blind, a old VW bus, or something akin to either of these?
    Can we establish what 'SF POOR' standards are? Do we each get a rating?
     


  4. BossTweed

    BossTweed Senior member

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    Keep in mind that your poll doesn't say much since you didn't specify gross or net. I'm in my early 20s, and spend almost exactly 25% of my after-tax income on rent.
     


  5. RSS

    RSS Senior member

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    Can we establish what 'SF POOR' standards are? Do we each get a rating?
    A new thread?
     


  6. oneeightyseven

    oneeightyseven Almost Special

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    what's 100% of 0?
     


  7. GQgeek

    GQgeek Senior member

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    Can we establish what 'SF POOR' standards are? Do we each get a rating?

    100k feels like the right number to me.
     


  8. HomerJ

    HomerJ Senior member

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    Can we establish what 'SF POOR' standards are? Do we each get a rating?
    It's been well established that you can not live comfortably in NYC with less than 150-300k income and no children. This is consistent with the 250k SF backup job. I suggest we start the SF poors from there.
     


  9. Rambo

    Rambo Senior member

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    It's been well established that you can not live comfortably in NYC with less than 150-300k income and no children. This is consistent with the 250k SF backup job. I suggest we start the SF poors from there.
    Here here. Get in line peasants. Now, if you'll excuse me, I've got to go service my harem.
     


  10. henrikc

    henrikc Senior member

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    I'm spending about 45% as a student, if I just consider my student loans and scholarship as income.
    While I do work part-time, I'm only working from April to October (when it's warm enough to sail), so obviously during those months that percentage is lower.
     


  11. imageWIS

    imageWIS Senior member

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    100k feels like the right number to me.

    Sigh...
     


  12. otc

    otc Senior member

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    I am surprised a lot of people are this low (although I imagine many of them are in very different places than someone starting their first job) as people here tend to appreciate things like pretty apartments if you go by the SF Cribs thread

    A general rule has always been something like don't go higher than 1/3 after tax or 1/4 before...
    When I started working....I didn't really know how much I would be making since overtime and bonus were unknown at the time. Rent worked out to be maybe 20% pre tax of a low end estimate although I was prepared to go higher (that doesn't include electric/heat). It worked out to be lower, more like 16-17% with the final numbers and even though my rent has gone up a fair amount since then, I think it is now closer to 15% of what I plan to earn this year.

    If I didn't have student loans, I might be more comfortable paying more...and honestly if my rent keeps going up in huge steps, I would be willing to go back to 20-25% pre tax if it meant getting a much nicer place and a land lord who is more likely to keep rent hikes to a low level (if I had not been promoted, I think my rent would have risen a lot more than my salary in the past year and a half).

    edit: everything in this post is pre-tax because its 2AM and taxes are confusing (and depend on all sorts of shit like retirement contributions and student loan deductions that would also change how much rent I would pay)
     


  13. GQgeek

    GQgeek Senior member

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    Sigh...

    too low or too high? [​IMG]

    I know that I still feel poor. [​IMG]
     


  14. Trompe le Monde

    Trompe le Monde Senior member

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    6.6666667 repeating %
    im putting someone up in the house for the summer but that person is staying here for free
     


  15. Big Pun

    Big Pun Senior member

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