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Ask HN: How much you spend on rent?
As a single young individual, what is the percentage of your income that you're spending on rent (and utilities) ?
- SQL2219 11y agoGen-Xer HN lurker here: 16% of monthly income goes to mortgage & utilities, I live in one of the most affordable metro areas in the country, and I am confused as to why people put up with the high cost of living on the coasts. Yes San Francisco, LA, New York jobs pay 20-30% more, and it is probably 18.5% funner to live in those areas for a few years, but the cost of living is 200-300% more.
- cauterized 11y agoMaybe not so young any more but... About 13% pre-tax, 25% of take-home (after insurance, retirement contributions, etc). Of course, when I moved in, it was 32% pre-tax. Roughly another 3% if you include Internet and cell service, but landlord covers electric, heat and hot water, and I use Netflix instead of cable. For context: living in a large, renovated, but underpriced studio in a gentrified neighborhood in Brooklyn.
- joshschreuder 11y agoI'd say roughly 15% on rent and maybe another 2-3% on utilities. I'm 25 and live in a one-bedder near Melbourne, Australia that I share with my partner, not too far out from the main city.