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  1. #1
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    Default What percentage of your wage is your rent or mortgage?

    I've just picked up an extra day at work. The extra money means for the first time in my life, putting a roof over my head is finally 'affordable' at 35% of my income!!! I'm a low-medium income earner and a single parent with a small mortgage in a rural area. Prior to this, around 45% of my income went to the mortgage.

    In the past my rent/mortgage has been around the 50% mark and at times up to 60-70%, particularly when I was renting as a uni student in the city

    Just wondering what percentage of income other people spent on their housing?

  2. #2
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    bunkx is offline Being happy doesn't mean that everything is perfect. It means that you've decided to look beyond the imperfections
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    Our rent is 40% of our income

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    about 33%

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    Our minimum mortgage payments are approximately 22% of our net income (i.e. after tax has been taken out).

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    About 35-40%

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    I guess if we were both working full time the mortgage would only be about 12% of gross income
    But when I go back 2 days a week I guess it's about 19-20% gross income
    We wanted it that low tho so we could save to do up house

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    20% of DH's income.

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    34.5% of dh's net income plus ftb, I'm just about to have another bub that's not including my paid parental leave. Will be around 28% when I go back to work

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    22% of gross, probably closer to 35% of net income.

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    37% and i have really cheap rent. Being a single parent sucks sometimes.


 

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