How much of your income do you spend on rent?

smurfjed · 08-05-2016 06:37AM

Presently none, and that includes electricity, gas, tv, water and daily garbage collection, I do however have to pay for full time maid/dog minder and gardener/car washer.

All house maintenance is also free of charge.

ninebeanrows · 08-05-2016 07:42AM

In London town my rent comes to approx 40% of my monthly income

whomitconcerns · 08-05-2016 07:53AM

In London too, 60% of net salary on rent. Commissions keep me sane!

pwurple · 08-05-2016 08:20AM

19% of joint net income on mortgage. Family.

But surely that 30% of gross income can't be right? Unless gross income is meaning after tax but not after other bills? You'd have very little left to live on, use for childcare etc.

padd b1975 · 08-05-2016 09:33AM

Just a little under a third of nett pay goes on a tracker mortgage.

Keane2baMused · 08-05-2016 02:48PM

whomitconcerns wrote: »

In London too, 60% of net salary on rent. Commissions keep me sane!

That doesn't surprise me. When my brother lived just outside London he was renting a room for the same price as an entire 2 bed own entrance apartment that I lived in.

IrishCule · 08-05-2016 04:23PM

Around 15% of net.

Skatedude · 08-05-2016 08:33PM

Alf Stewart. wrote: »

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

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

Wonder why they call it a granny flat and not a grandfather flat?

Bubbaclaus · 08-05-2016 09:15PM

Currently 32% of my net salary. Hopefully going down to 25% or so later this year with an expected salary bump.

That 7% will make a massive difference

TPD · 08-05-2016 09:23PM

A wee bit less than 25%, renting solo.

sozbox · 08-05-2016 09:39PM

29& Net, it sucks.

Lau2976 · 08-05-2016 09:59PM

About 20%. I share with my oh. It's really good considering we live pretty close to dublin city centre in a three bedroom house.

DM addict · 08-05-2016 10:11PM

about 25% of our joint net. Living in a fairly expensive US city, but taxes are lower so our take home pay is good.

KilOit · 08-05-2016 10:38PM

18% net on house share Dublin

Shawn Michaels · 08-05-2016 10:44PM

Some interesting figures.

€1,500 a month would be €18,000 a year. For a couple on (say) €40,000 each and coming out with circa €60,000 net, that would be bang on 30%.

anewme · 09-05-2016 07:33PM

Just under 30% of net income. I'm on a good tracker and will have the whole thing paid off in about seven years as I'm overpaying!

JupiterKid · 10-05-2016 03:37AM

None. I own my place outright. But for back when I did rent, it would be about 30-35% of my monthly income. If you are paying more than 45% your rent is unaffordable. It's a lot to ask - foregoing the little luxuries in life like eating out, nice clothes and holidays - just so you can keep a roof over your head.

Rents in Dublin are criminal.

FURET · 10-05-2016 07:10AM

10% of net

angeldelight · 10-05-2016 07:14AM

22% of net income on rent and the same again on savings for a house deposit

JupiterKid · 10-05-2016 07:18AM

I'm actually surprised that more AHers aren't stretched - 15 to 25% seems to be the average. Actually a poll would be useful for a thread like this.

In London housing affordability is so bad that the average rent gobbles up over 50% of the average salary. The new London mayor, Sadiq Khan, has made housing the biggest issue in his campaign.

Sleepy · 10-05-2016 01:48PM

About 25% of my net income. Less if you include Mrs Sleepy's

Tombo2001 · 10-05-2016 01:55PM

Its amazing how people are so quick to come forward with stories of their financial savvy.....

"None! I saved up and bought! I bought at a great time! I've paid off my mortgage! I worked hard when everyone else was boozing and spending their wages on slot machines! I don't know why anyone would pay so much......are u guys nuts!!"

Smug corner is to the left........

beach_walker · 10-05-2016 01:58PM

16% of my net income goes on rent. I am sick of renting/flat-sharing though, deffo looking to buy in the next year or two.

Tombo2001 · 10-05-2016 01:59PM

KomradeBishop wrote: »

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.

Funny, because a lot of the 'rentees' have moved into Hotels....

Overall I disagree though; you cant ban AirBNB.....its a free market.

howamidifferent · 10-05-2016 02:01PM

I'm separated so pay rent on a 1 bed apartment which is 16.5% of my net plus I pay 50% of the mortgage on the family home for my wife and kids which is another 19.% of my net so in total 36% of my net on accommodation costs.

KomradeBishop · 10-05-2016 02:10PM

Tombo2001 wrote: »

Funny, because a lot of the 'rentees' have moved into Hotels....

Overall I disagree though; you cant ban AirBNB.....its a free market.

There's no such thing as a free market - every market in existence is regulated in one way or another - believe me, it's quite possible to ban AirBnB; other countries have done it.

ted1 · 10-05-2016 02:16PM

22% of net for my mortgage, semi d in south Dublin, one income family of 5.

Bonuses and expenses push it down lower

ted1 · 10-05-2016 02:19PM

Tombo2001 wrote: »

Its amazing how people are so quick to come forward with stories of their financial savvy.....

"None! I saved up and bought! I bought at a great time! I've paid off my mortgage! I worked hard when everyone else was boozing and spending their wages on slot machines! I don't know why anyone would pay so much......are u guys nuts!!"

Smug corner is to the left........

If I bought a house in the back arse of the country is have it paid off too. Location , location , location

Irish_rat · 10-05-2016 02:19PM

beach_walker wrote: »

16% of my net income goes on rent. I am sick of renting/flat-sharing though, deffo looking to buy in the next year or two.

Yep renting is a waste.

Were paying 750 for a 2 bed apartment here in limerick. Its actually cheap now considering the crazy rental prices. It'd probably be about 900 if I renewed the lease. Mental and they go for about 100k up until recently.

But I'll be moving into a newly built semi-d for 800 quid a month. No brainer really. And having your own front door with front/back yard is a big bonus.

SarahMollie · 10-05-2016 02:24PM

Up until last year I was paying about 16% of my net income on rent (sharing apt with boyfriend).

Bought since, and now its only about 12%, although I've been spending a fortune on furniture, decorating etc so I don't feel any better off just yet!

How much of your income do you spend on rent?

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