Rent Question: what percentage of your income is spent on rent?

[~Mands~]

I hope this is in the right section, mods feel free to move if its not.

I was wondering what sort of rent people pay as a percentage of their family income?

Would love to hear any comments about what people feel in regards to renting homes.

Cheers!

M.

ETA: Mods: I meant to post a poll with this thread but I think its too late now??

[punkbaby]

we were paying approx 30% on rent now we own our house and our repayments are approx 18% :)

Rent is shocking how it has gone up so muc lately

[naybee]

We pay about 10% of our income in rent each year - we pay almost the same amount in daycare! :eek:

Happy with the rent amount, it allows us to save and still live comfortably.

[MoOaNdLiTtLePoPpEt]

we pay just over 1/3 of our income on rent...i am a SAHM tho and DP works...

[~Mands~]

*bump*:p

[leane7]

I would say that we pay around 20% of DP's income on rent. Our rent is $200 per wk & as from nxt wk we will be getting $85 per fortnight rent assistance from centrelink, so that will make a big difference.

[meme]

i am renting my fathers house, because i can rent it at an affordable price. to rent a three bedroom house around here would cost me easily 50% (or more)of my (centrelink) income per fortnight. ( houses costing about $300.00 dollars per week)
and i just can't afford that:no:

[OneBabyBoy]

I pay around 70% of my "income" on rent :( I live in a nice apartment and didn't know I was going to be a single parent on centrelink when we moved here. The lease is up soon and I've been looking around and I can't find anything in this area that is much cheaper. I need to live in this area because it's where my family is and I need them (mum and brother). So I guess I just keep paying it for now, until I either find somewhere cheaper or go back to work.

[Chickadee]

Poll added.
I'm not sure how much is spent now on our joint income, but I'm budgetting for around 25% of my after tax income when I move out on my own with DD.

[Minke]

Our rent is $600/week, but DH's work pays 2/3's of that, so our share after tax it's just under 20% (I don't think i've made any sense... :confused: :D )

[MCNmummyof2]

I hit the wrong button cause I cant add up right lol. Our rent is $200 a week which is 40% of our income.

[GirlGerms]

We have a mortgage, but it costs us about 25% of our weekly income currently. Not too bad at all if you ask me.

[SimplyMum]

I pay around 70% of my "income" on rent :( I live in a nice apartment and didn't know I was going to be a single parent on centrelink when we moved here. The lease is up soon and I've been looking around and I can't find anything in this area that is much cheaper. I need to live in this area because it's where my family is and I need them (mum and brother). So I guess I just keep paying it for now, until I either find somewhere cheaper or go back to work.

How do you do this?

I have just been approved for rental.

For the first 6 months I will be spending 25% on rent and 28% on daycare fees. This will be luxury compared to when my sis is due to move out.

Than I will be spending 50% on rent and 28% on daycare fees at which point I've decided that I will have to get a full time job and do my study through correspondence!

All this so I can move out of my very crazy parents home and raise my son in a not-so-bad area (but not the best!!!)

:confused: :o

[Me]

Ours is mortgage repayments, but I still thought I'd contribute. We're somewhere over 50% of our joint income is for mortgage repayments, but that said, I no longer work so my income is centrelink and DH doesn't earn much atm. He earnt about 4 times this much before being self employed so when he's back up to earning what he used to, it'll be something like 20-25%.

Ok, I've rambled and aren't making any sense anymore!