7 ms·

Ask HN: How much of your monthly net income goes towards rent or mortgage?

9 points by crate_barre 4y ago

boplicity 4y ago
22% of gross income -- which actually seems quite high, considering our income level.
runjake 4y ago
18%. But I like to dump a little extra each month, so 22%. I live 15 minutes outside of town.
deleted 4y ago
[deleted]
nness 4y ago
London (Central East) Rent is 17% of my after-tax income. Bills are harder to calculate, but probably another 5%. (If I were paying the rent and bills entirely myself, it'd be closer to 50%.)
gdfgjhs 4y ago
Currently, living in an upscale townhouse in DFW suburbs, 10% of our combined income goes to mortgage and HOA. Looking for single family residence since we have kids now, and it seems if we want to live in similar upscale neighborhood with good schools, we will need to put 25% towards mortgage & HOA. 2 years ago, it would have been only 12-15%.
adamhp 4y ago
At the moment, about 46% of net, but I take the mortgage and utilities and my fiancee does food expenses, saves, and invests the rest of our joint income. The leftover is further saving or spending money, mostly. It's right around 25% of our net joint income.
CapricornNoble 4y ago
~12% of my net That is 12% of my net income only, not total household income (wife's income, mother's social security, and soon-to-be expected income from our rental property, which has no mortgage).
crate_barre 4y ago
Edit: For those of you with very favorable percentages, if you don’t mind, what part of the world/states are you in, and how much is remote work enabling this?
noud 4y ago
15%
altdataseller 4y ago
0% as my house is mortgage free but probably 5% annually towards property tax.
- iSloth 4y ago
  I was about to ask what country this is, because off the top of my head 5% in property tax sounds crazy - However just worked my own out at 4 to 5%... so that ruined my day a little :/
ironlake 4y ago
Atlanta, GA – 14% gross, 23% net. Utilities are an additional 3%.
philomath_mn 4y ago
Our mortgage is ~11% of household take-home pay (moved up in job, did not move up in house) We live in rural Minnesota, wife is a nurse, I work remotely for a company out of NYC.
deleted 4y ago
[deleted]
phendrenad2 4y ago
A nicer suburb of San Francisco. At the moment about 33% of net, going up to 36% next month. Yay!

9 points by crate_barre 4y ago

boplicity 4y ago

22% of gross income -- which actually seems quite high, considering our income level.

runjake 4y ago

18%. But I like to dump a little extra each month, so 22%. I live 15 minutes outside of town.

deleted 4y ago

[deleted]

nness 4y ago

London (Central East) Rent is 17% of my after-tax income. Bills are harder to calculate, but probably another 5%. (If I were paying the rent and bills entirely myself, it'd be closer to 50%.)

gdfgjhs 4y ago

Currently, living in an upscale townhouse in DFW suburbs, 10% of our combined income goes to mortgage and HOA. Looking for single family residence since we have kids now, and it seems if we want to live in similar upscale neighborhood with good schools, we will need to put 25% towards mortgage & HOA. 2 years ago, it would have been only 12-15%.

adamhp 4y ago

At the moment, about 46% of net, but I take the mortgage and utilities and my fiancee does food expenses, saves, and invests the rest of our joint income. The leftover is further saving or spending money, mostly. It's right around 25% of our net joint income.

CapricornNoble 4y ago

~12% of my net That is 12% of my net income only, not total household income (wife's income, mother's social security, and soon-to-be expected income from our rental property, which has no mortgage).

crate_barre 4y ago

Edit: For those of you with very favorable percentages, if you don’t mind, what part of the world/states are you in, and how much is remote work enabling this?

noud 4y ago

15%

altdataseller 4y ago

0% as my house is mortgage free but probably 5% annually towards property tax.

iSloth 4y ago
I was about to ask what country this is, because off the top of my head 5% in property tax sounds crazy - However just worked my own out at 4 to 5%... so that ruined my day a little :/

ironlake 4y ago

Atlanta, GA – 14% gross, 23% net. Utilities are an additional 3%.

philomath_mn 4y ago

Our mortgage is ~11% of household take-home pay (moved up in job, did not move up in house) We live in rural Minnesota, wife is a nurse, I work remotely for a company out of NYC.

deleted 4y ago

[deleted]

phendrenad2 4y ago

A nicer suburb of San Francisco. At the moment about 33% of net, going up to 36% next month. Yay!