How much of your income do you spend on rent?

Mister Vain

The general recommendation is to spend about 30% of your gross monthly income. I'm certainly spending a lot more than that.

Captain Chaos

Around 55% and that's before any bills. The 30% rule does not work unless you rent in somewhere like Leitrim. Or are on 70k.

Skatedude

Thats why I ended up converting the garage into a granny flat, no hope of affording to stay in the area where we have lived for 3 generations otherwise.

qo2cj1dsne8y4k

None. Without getting into too much personal info, there's no rent/mortgage due on the house I live in.

Jen Pigs Fly

I earn very little and split rent ... I spend about 50% on my rent before any bills ...

Jen Pigs Fly

LexieOnRale wrote: »

None. Without getting into too much personal info, there's no rent/mortgage due on the house I live in.

You are so lucky .....

marizpan

5% of my net income (not including hubbys).

We just happen to have a shockingly low tracker mortgage due to using savings etc, but we live in a tiny cottage (900sq ft)in a rural area.
I sometimes have house envy but it quickly goes when I consider their mortgage repayments.
We couldn't afford to move nearer to family and work.

Fox_In_Socks

About 15% of net. It's a houseshare though.

ytpe2r5bxkn0c1

None and never did. Paid 50% of our joint incomes on a mortgage at one time though,

About 25%

Amirani

About 9% of my gross income

Alf Stewart.

Skatedude wrote: »

Thats why I ended up converting the garage into a granny flat, no hope of affording to stay in the area where we have lived for 3 generations otherwise.

I never would of put you as a granny, mate.

How many grandkids you got, and do you ever skate with them?

mloc123

Boom time mortgage.. 8% of gross pay, had never considered it as % of pay before.

KatW4

Luckily nothing at the minute and hopefully it'll stay that way.

daveharnett

Mister Vain wrote: »

The general recommendation is to spend about 30% of your gross monthly income. I'm certainly spending a lot more than that.

I've heard it more commonly as "aim to spend no more than 30%". Less is always better.

The most I paid was 25% of my gross salary, and at that I was living paycheck to paycheck. If I were paying 35% I think it would have taken quite a bit of discipline in other areas to keep my head above water, let alone save anything.

TG1

25% but if you include the commuting costs neccessary to keep it that low it moves up to about 40%...

eviltwin

15% of our net income. We have a mortgage.

Tin Foil Hat

About 11-12% of net. I've the back broken in my mortgage at this stage.

13% of my net income.

Quoting it as a percentage of gross is meaningless.

Liamalone

Bang on 30% cos I stick to the rules innit

smash

Mister Vain wrote: »

The general recommendation is to spend about 30% of your gross monthly income.

That's a pretty insane recommendation. Mine is around 22% of net.

mansize

About 40%

It was 20%

(mortgage)

messy tessy

20% of net income for a house share with one other person. Not bad for the location

CFlat

I pay 18% of my net monthly income.

I live in a grace and favour apartment and don't pay rent as such, but pay a small weekly sum for insurance, utilities and meals. It comes to just under 10% of my net income.

citytillidie

Before bills my mortgage is 16% of my gross pay

CFlat

Candie wrote: »

I live in a grace and favour apartment and don't pay rent as such, but pay a small weekly sum for insurance, utilities and meals. It comes to just under 10% of my net income.

You must be able to save an enormous amount of money assuming you don't spend your disposable income on frivolous things.

lawlolawl

About 11% of my net goes on my mortgage.

Knocked lumps of it over the past few years to get it like that. Another 2 or 3 years an it should be done. 8 or 9 years to pay off a 35 year mortgage isn't bad going

CFlat

CFlat wrote: »

You must be able to save an enormous amount of money assuming you don't spend your disposable income on frivolous things.

I live very simply, so I see this as an opportunity to sort my future out. I save as much as possible, but I don't deprive myself too much. My wants are few anyway.

WellThen?

Everyone's is so low!

r93kaey5p2izun

About 28% of net income for a house share.

Keane2baMused

10%

Bassfish

Mortgage including insurance is 22% of net. Including repayments for the loan we had to take out to carry out extensive unexpected work three months after moving in it's 39% :-(

FortySeven

30% bang on. Mortgage.

Mister Vain

WellThen? wrote: »

Everyone's is so low!

Yeah I'm genuinely surprised. For me 30% would be impossible. At the moment its almost 50%.

Not renting now but never went over the 20%. I'm not in Dublin though

Mister Vain

Mister Vain wrote: »

Yeah I'm genuinely surprised. For me 30% would be impossible. At the moment its almost 50%.

You finally moved out of home so, Mr Vain.

notsoyoungwan

I'm paying 33% of my net salary on my mortgage. That's an over-payment. My initial repayments were about 20% of monthly salary but I started overpaying to clear the mortgage early. Should be clear in another 6 yrs or so, when I'll be in my early 40s.

andekwarhola

Around 25% of net monthly household income goes on the mortgage at the moment.

Shenshen

Our mortgage comes to just under 20% of our combined income. Not in Dublin, though.

Kiwi in IE

14% of our net income on mortgage.

AppleBottle

12.5 of my gross income - Not really rent, but what I hand up, I live at home.

LoonyLovegood

66%. I'm living pay cheque to pay cheque, and can't afford to save anything. If something doesn't change in the next month or so I'll be back in with family

Uriel.

Probably 55 or 60% of gross PAYE income but not include a minimal rental income or the insurance and assurance costs

Jen Pigs Fly

LoonyLovegood wrote: »

66%. I'm living pay cheque to pay cheque, and can't afford to save anything. If something doesn't change in the next month or so I'll be back in with family

I'm in the same boat, I don't have any savings ... I live paycheck to paycheck ... The future is very scary right now and I probably will never be able to save up for a mortgage ...

Lia_lia

About 17% of my net income. Myself and my boyfriend split it. Cheap enough for the house/area!

letsseehere14

Limerick City, walking distance to cc, own place, bins included paying 21% of my income.

30% of net.
Semi-d. Small family. One income.

pkvader

30% split between two,mortgage,good sized semi detached in a good location.Would like it to be smaller but can't complain, we're happy.

ejabrod

20% of nett pay in Dublin 15...on a tracker...

KomradeBishop

FYI, if you want to reduce the percentage of your income spent on this (in Dublin anyway), lobby to local politicians and your council, to ban AirBnB - which is causing significant distortions in the rental market - removing a portion of the rental stock, from long-term local rentals, to short-term tourist rentals - at a much higher rental price (shifting the whole rental market, towards scarcity and higher rents).

Not the sole contributor to the problem, but a notable one.