How much of your income do you spend on rent?

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

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.

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

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.

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

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

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.