What percentage of your take home pay is spent on rent?
Posted by: GreenLego
4th Jul 2023 08:58pm
Just came across an article where people have responded that they were spending 70%, 80% and 83% of their take home pay in rent, Which seems crazy high. Are Cafe Chat friends here spending that much on rent or are those numbers outliers?
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Comments 4
jtmorri
I heard a news bulletin state people are spending 50% of their income on rent and they interviewed people who backed up this claim. Personally, we don't pay rent.
CatTracey
You certainly are lucky. And you have probably worked hard and gone without a few things along the way.
jtmorri
We are lucky enough to own our home outright, therefore not paying any rent nor mortgage repayments.
CatTracey
jtmorri - I'm curious as to your situation then. If you are not paying rent, how do you keep a roof over your head? Are you tending to the property in exchange for accommodating, house sitting or even maybe squatting?