Just wondering how we stack up compared to other forums
As of jan 1, 2022, the answers here are:
13 ppl pay =< 33% of monthly income on rent / property tax
6 ppl pay > 33% of monthly income on rent / property tax
The most typical salary in my city (London) is 33k GBP per year. I earn more than that.
My rent is 1150 GBP per month for a 1 bedroom flat in Zone 4, which is considered “the outer suburbs” perhaps, in a nice area. It represents about 40% of my monthly salary. I got offered to buy it for 350k a few years ago, which I did not have the means at all - and still don’t.
I live in Toronto.
I recently rented for about 1/3 of my post-tax income.
I now own and condo fees, mortgage and property tax are about 1/2 of my post-tax income but currently my partner who lives with me is helping which puts my contribution at about 1/3 again.
33%, and I have really cheap rent and a decent paying job for the area.
deleted by creator
How did you upload a video as a comment?
It’s a gif
Half my income goes to my rent.
It’s ~300€ for rent, with a ~600€ income. Plus ~150€ for utilities, leaving me at an uncomfortable ~150€ to live for a month, which is barely enough to afford food.
But hey, according to American liberals I should rejoice because I live in “socialist Europe”. Lol
deleted by creator
PhD student renting in a big city in Europe. About 35%.
Same…
I wish us the best of luck in the future 😅
Thanks! You too!
Removed by mod
About 15% of my after tax income I guess.
I’m in a regional centre (not a big city) though which makes a rent cheaper.
Edit: turns out, in Australian cities average rent cost is about a third of the average income.
Before the pandemic hit i used to live in Rome, I payed half my salary for a studio in a very nice part of town. Now I live in Istanbul and cannot afford a house with my current earnings. I make more than minimum wage.
My wife and I bought a 10 acre (~4 hectare) piece of land in very rural, very Northeastern US for 30k USD. We paid for half with about 50% of a year’s combined income, and half with money from when my wife’s parents sold the family farm. Land came with a derelict house, but it turned out to be in better shape than initially thought. Place is fully off-grid: no water supply, electricity, or plumbing. We are living in a yurt while we, my wife’s dad who is a carpenter, and some (paid) timber framer friends make the house safe to live in. Currently we pay about 5% of our combined yearly income in property tax, but that will likely go up when the house is done.
A little more than 1/3 of my net income. I live in the suburbs of a town with ~100k residents in Italy. 55mq, two rooms (bedroom + kitchen/livingroom) and bathroom. I’m planning to move out with some friends because living alone is too expensive for my pockets and I’m not saving as much as I would like to, considering I have some other recurring monthly expenses that eat up a considerable amount of my paycheck (not as much as the rent of course. It’s by far the most expensive monthly expense)
deleted by creator
Do you own it on papers though? Good luck on the renovations :)
deleted by creator
Hehe. How many people are involved in that project? if you’d like to make a post about it i’m curious :)
deleted by creator
oh, sorry to rub the wound then! good luck!
Own my own house (when it’s paid off in 2 years) but 11.4% of my income goes to paying it off. Obviously when I bought it that percentage was a lot higher, but as the years pass, the payment basically stays fixed while your income has been going up.
Nitpicking, but this is not obvious across all industries. In many fields, people’s wages barely go up with time.
If a job’s income does not go up over 20 years, that is hardly very sustainable…
It usually goes up, though not necessarily faster than inflation. Outside of IT and public service, many older people are still paid minimum wage. (i don’t have stats on that sorry)
True I was in public service (IT side) and although is not the best, the benefits add up, as does the annual increases over the years (problem is many can’t stick it out that long, especially in public service)…
Public service IT (except for secret services / military) sounds good indeed :)