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How much of your income do you spend on rent?

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24

Comments

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    #32
    Keane2baMused
    Registered Users, Registered Users 2 Posts: 1,576 ✭✭✭Keane2baMused


    10%


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    #33
    Bassfish
    Registered Users, Registered Users 2 Posts: 912 ✭✭✭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% :-(


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    #34
    FortySeven
    Closed Accounts Posts: 3,295 ✭✭✭FortySeven


    30% bang on. Mortgage.


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    #35
    Mister Vain
    Registered Users, Registered Users 2 Posts: 6,410 ✭✭✭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%.


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    #36
    [Deleted User]
    Posts: 45,738 ✭✭✭✭ [Deleted User]


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


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    #37
    [Deleted User]
    Posts: 26,219 ✭✭✭✭ [Deleted User]


    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. :)


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    #38
    notsoyoungwan
    Registered Users, Registered Users 2 Posts: 614 ✭✭✭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.


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    #39
    andekwarhola
    Registered Users, Registered Users 2 Posts: 4,691 ✭✭✭andekwarhola


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


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    #40
    Shenshen
    Registered Users, Registered Users 2 Posts: 9,453 ✭✭✭Shenshen


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


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    #41
    Kiwi in IE
    Registered Users, Registered Users 2 Posts: 3,063 ✭✭✭Kiwi in IE


    14% of our net income on mortgage.


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    #42
    AppleBottle
    Registered Users, Registered Users 2 Posts: 1,421 ✭✭✭AppleBottle


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


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    #43
    LoonyLovegood
    Registered Users, Registered Users 2 Posts: 6,068 ✭✭✭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


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    #44
    Uriel.
    Registered Users, Registered Users 2 Posts: 8,059 ✭✭✭Uriel.


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


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    #45
    Jen Pigs Fly
    Registered Users, Registered Users 2 Posts: 2,770 ✭✭✭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 ...


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    #46
    [Deleted User]
    Posts: 6,691 ✭✭✭ [Deleted User]


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


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    #47
    letsseehere14
    Registered Users, Registered Users 2 Posts: 504 ✭✭✭letsseehere14


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


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    #48
    [Deleted User]
    Posts: 5,249 ✭✭✭ [Deleted User]


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


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    #49
    pkvader
    Registered Users, Registered Users 2 Posts: 329 ✭✭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.


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    #50
    ejabrod
    Closed Accounts Posts: 478 ✭✭ejabrod


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


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    #51
    KomradeBishop
    Closed Accounts Posts: 4,981 ✭✭✭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.


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    #52
    The Randy Riverbeast
    Closed Accounts Posts: 1,770 ✭✭✭The Randy Riverbeast


    Just over 50%, used to be 70%


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    #53
    mcennis
    Registered Users, Registered Users 2 Posts: 22 ✭mcennis


    35%, rent, small family with 1 income


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    #54
    failinis
    Registered Users, Registered Users 2 Posts: 1,691 ✭✭✭failinis


    60% of income is on rent (but I am a student so will only actually "pay" for it in future repayments).
    I will be moving further away from uni to cheaper housing next year.


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    #55
    Mumm_ra
    Registered Users, Registered Users 2 Posts: 95 ✭✭Mumm_ra


    About 15% of our net pay - was 25% for the last 2 years and that was ok - go above 40% for anything but short term/lifestyle reasons then things should be reconsidered


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    #56
    marvsins
    Registered Users, Registered Users 2 Posts: 655 ✭✭✭marvsins


    Currently 20% of net between 2 for a mortgage on a 10yr old self build. On a variable rate. Had option to switch to tracker but never got around to it. What an idiot !!


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    #57
    [Deleted User]
    Posts: 18,046 ✭✭✭✭ [Deleted User]


    24% for a fairly big 115m2 one bedroom apartment for me and the girlfriend.


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    #58
    B.A._Baracus
    Registered Users, Registered Users 2 Posts: 11,309 ✭✭✭✭B.A._Baracus


    Deleted User wrote: »
    24% for a fairly big 115m2 one bedroom apartment for me and the girlfriend.

    But didn't you say you live in Thailand before?


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    #59
    [Deleted User]
    Posts: 18,046 ✭✭✭✭ [Deleted User]


    B.A._Baracus wrote: »
    But didn't you say you live in Thailand before?

    Good memory but it's Vietnam. That doesn't affect the answer though.


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    #60
    zl1whqvjs75cdy
    Closed Accounts Posts: 4,041 ✭✭✭zl1whqvjs75cdy


    About 16 % of our gross combined salary. We pool pretty much all if our money but we are on similar salaries. Pretty happy with that seeing some if the figures in here. We are moving forward soon though and expect that figure to jump considerably. :(


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    #61
    Irish_rat
    Registered Users, Registered Users 2 Posts: 2,582 ✭✭✭Irish_rat


    I'm renting right now and its 15% of my monthly wage in a nice 2 bed apartment in Limerick but sharing.

    Bought a new build semi-d, moving in July and will be bang on 30% for the mortgage.

    But you can save in other ways then like get off your phone contract, use freesat and Android box for TV, look for best energy deals, my house will be A3 rated with PV panels so cheaper to run. It all adds up and can give you more to enjoy gong out with friends etc.


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