Ask HN: How much of your monthly net income goes towards rent or mortgage?

by crate_barre on 4/27/2022, 2:23 PM with 13 comments
  • by on 4/27/2022, 10:17 PM

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  • by gdfgjhs on 4/27/2022, 2:47 PM

    Currently, living in an upscale townhouse in DFW suburbs, 10% of our combined income goes to mortgage and HOA.

    Looking for single family residence since we have kids now, and it seems if we want to live in similar upscale neighborhood with good schools, we will need to put 25% towards mortgage & HOA. 2 years ago, it would have been only 12-15%.

  • by adamhp on 4/27/2022, 2:50 PM

    At the moment, about 46% of net, but I take the mortgage and utilities and my fiancee does food expenses, saves, and invests the rest of our joint income. The leftover is further saving or spending money, mostly.

    It's right around 25% of our net joint income.

  • by altdataseller on 4/27/2022, 3:57 PM

    0% as my house is mortgage free but probably 5% annually towards property tax.

  • by CapricornNoble on 4/27/2022, 3:04 PM

    ~12% of my net

    That is 12% of my net income only, not total household income (wife's income, mother's social security, and soon-to-be expected income from our rental property, which has no mortgage).

  • by nness on 4/27/2022, 2:47 PM

    London (Central East) Rent is 17% of my after-tax income. Bills are harder to calculate, but probably another 5%.

    (If I were paying the rent and bills entirely myself, it'd be closer to 50%.)

  • by philomath_mn on 4/27/2022, 6:12 PM

    Our mortgage is ~11% of household take-home pay (moved up in job, did not move up in house)

    We live in rural Minnesota, wife is a nurse, I work remotely for a company out of NYC.

  • by phendrenad2 on 4/28/2022, 3:24 AM

    A nicer suburb of San Francisco. At the moment about 33% of net, going up to 36% next month. Yay!

  • by boplicity on 4/27/2022, 2:28 PM

    22% of gross income -- which actually seems quite high, considering our income level.

  • by runjake on 4/27/2022, 2:40 PM

    18%. But I like to dump a little extra each month, so 22%.

    I live 15 minutes outside of town.

  • by on 4/27/2022, 2:43 PM

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  • by ironlake on 4/27/2022, 5:37 PM

    Atlanta, GA – 14% gross, 23% net. Utilities are an additional 3%.

  • by noud on 4/27/2022, 3:34 PM

    15%

  • by crate_barre on 4/27/2022, 3:05 PM

    Edit: For those of you with very favorable percentages, if you don’t mind, what part of the world/states are you in, and how much is remote work enabling this?