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How much do you spend on rent/mortgage?

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  • 11-06-2019 2:32pm
    #1
    Gael23
    Registered Users Posts: 12,087 ✭✭✭✭


    I’m looking at renting this gorgeous apartment but it’s 40% of my wage every month just on rent.
    Is this average these days or what do people spend?


«13456

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    #2
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Gael23 wrote: »
    I’m looking at renting this gorgeous apartment but it’s 40% of my wage every month just on rent.
    Is this average these days or what do people spend?

    depends on yr income and what the rent is


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    #3
    SteelyDanJalapeno
    Registered Users Posts: 14,240 ✭✭✭✭SteelyDanJalapeno


    40% is too high.

    We spend about 18% on our rent, and we are saving another 30% for mortgage


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    #4
    Gael23
    Registered Users Posts: 12,087 ✭✭✭✭Gael23


    I’m more talking about proportions but the rent is €900 a month which is 35-40% of my take home salary.


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    #5
    jam_mac_jam
    Registered Users Posts: 4,719 ✭✭✭jam_mac_jam


    25% of my take home.


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    #6
    Deebles McBeebles
    Registered Users Posts: 5,752 ✭✭✭Deebles McBeebles


    Gael23 wrote: »
    I’m looking at renting this gorgeous apartment but it’s 40% of my wage every month just on rent.
    Is this average these days or what do people spend?

    Its high enough but definitely not unheard of. Would you really want 40% going on that alone though?


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    #7
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Gael23 wrote: »
    I’m more talking about proportions but the rent is €900 a month which is 35-40% of my take home salary.

    rent is 25% of my takehome, two of us in a one bed tho!

    another 25% into savings


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    #8
    magic_murph
    Registered Users Posts: 1,521 ✭✭✭magic_murph


    too much - walk away. It's probably a kip, not as advertised or you will be sharing with 20 other optimistic people.


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    #9
    eviltwin
    Registered Users Posts: 17,495 ✭✭✭✭eviltwin


    14% of two combined incomes. 40% is unworkable.


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    #10
    amcalester
    Closed Accounts Posts: 4,121 ✭✭✭amcalester


    40% seems high, when renting I aimed to keep it below 25% of take home.

    Currently paying 15% on a mortgage with another 15% on commuting, not ideal but if the job goes so does the commuting.


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    #11
    somesoldiers
    Registered Users Posts: 13,845 ✭✭✭✭somesoldiers


    E750 pm, 4 bed semi, Kells approx 12% of household take home

    Very much the exception I know & we are very lucky, no increase in 4 years living there. Our landlord lives abroad & is happy just to have a family looking after the place at rent that covers her mortgage

    after a 4 year wait with one thing and another hoping to start our house built later this year....if we can get a builder...


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    #12
    Gael23
    Registered Users Posts: 12,087 ✭✭✭✭Gael23


    It’s a 2 bed apartment so sharing with one other. Will take home ~€2.4k a month and €900 for this place. It’s in South Dublin also.


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    #13
    amcalester
    Closed Accounts Posts: 4,121 ✭✭✭amcalester


    Gael23 wrote: »
    It’s a 2 bed apartment so sharing with one other. Will take home ~€2.4k a month and €900 for this place. It’s in South Dublin also.

    Any travel costs?


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    #14
    Gael23
    Registered Users Posts: 12,087 ✭✭✭✭Gael23


    amcalester wrote: »
    Any travel costs?
    Supermarket, work and gym are all within a half mile radius. Only travel cost would be going down home at weekends so €20-25 on those weeks. Plus Luas into town if I wanted


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    #15
    rawn
    Registered Users Posts: 3,093 ✭✭✭rawn


    Not renting atm, but my husband and I have a combined monthly income of €2500, and average rent for a 2 bed in the area we need to be in is €1600 pm so... I'd love to only pay 40% on rent!


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    #16
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    900 for own bedroom near luas in a decent place....

    i mean look i hate to say it but thats not bad


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    #17
    endacl
    Registered Users Posts: 22,235 ✭✭✭✭endacl


    About 5% ish on two mortgages.

    We got lucky with timing.


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    #18
    ZilkyG
    Banned (with Prison Access) Posts: 71 ✭✭ZilkyG


    €1950 per month rent for me.


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    #19
    SusanC10
    Registered Users Posts: 2,432 ✭✭✭SusanC10


    We pay approx 20% of monthly net Income (excluding Child Benefit) on our Mortgage. Single Income Family.


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    #20
    Mickeroo
    Administrators, Computer Games Moderators, Sports Moderators Posts: 32,154 Admin ✭✭✭✭✭Mickeroo


    Roughly 10% of my monthly wages. (Halfs on the mortgage with my OH).


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    #21
    marcbrophy
    Registered Users Posts: 6,431 ✭✭✭marcbrophy


    Gael23 wrote: »
    I’m looking at renting this gorgeous apartment but it’s 40% of my wage every month just on rent.
    Is this average these days or what do people spend?

    Not quite 40, but mine is 39.76% of my monthly salary :(


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    #22
    Gael23
    Registered Users Posts: 12,087 ✭✭✭✭Gael23


    marcbrophy wrote: »
    Not quite 40, but mine is 39.76% of my monthly salary :(
    How does that work for you? Do you find you have enough left for everything else.
    I’m single and I have decent savings already so I’m good that way. I’m getting a €10k pay rise for this job so I guess most of the extra will go.


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    #23
    biko
    Registered Users Posts: 81,223 ✭✭✭✭biko


    The mortgage for me is similar - 40%, but we are two paying so more like 22%


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    #24
    Grayson
    Registered Users Posts: 16,129 ✭✭✭✭Grayson


    I'm single and renting a one bed just outside Dublin. It works out about 1/3 of my income. I'm lucky though, most places go for far more.


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    #25
    KikiLaRue
    Closed Accounts Posts: 1,283 ✭✭✭KikiLaRue


    I pay €855 in Rathmines. I used to live on Talbot Street and paid €625 for that.

    While expensive, my current place has everything I could possibly need in walking distance and it’s safe, has a lovely atmosphere and I’m allowed have my doggo.


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    #26
    JohnnyFlash
    Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    I have mortgages on a few properties. The rent is covering them all, and I own the apartment I’m living in outright. The family home had the mortgage paid off a few years back.


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    #27
    _Brian
    Registered Users Posts: 18,484 ✭✭✭✭_Brian


    12%


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    #28
    .......
    Closed Accounts Posts: 9,057 ✭✭✭.......


    KikiLaRue wrote: »
    I pay €855 in Rathmines. I used to live on Talbot Street and paid €625 for that.

    While expensive, my current place has everything I could possibly need in walking distance and it’s safe, has a lovely atmosphere and I’m allowed have my doggo.

    That sounds excellent for Rathmines.

    We have had 2 different people leave their jobs in my place recently, both because they couldnt find anywhere affordable to live and there is another guy just been told his LL is selling the property so he is looking to leave Ireland altogether.


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    #29
    biko
    Registered Users Posts: 81,223 ✭✭✭✭biko


    You should probably ask in your regional forum OP to get numbers for people around you rather than on a national level.


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    #30
    ItAintMeBabe
    Registered Users Posts: 532 ✭✭✭ItAintMeBabe


    Our house is 600 Euro a month between us, so spend 300 a month on rent each. My take home pay varies every month, but it's approx 2200.


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    #31
    suicide_circus
    Registered Users Posts: 19,802 ✭✭✭✭suicide_circus


    25% of monthly net pay.

    but we went for a shorter mortgage.


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