Asklemmy

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What percentage of your income goes towards your rent? / Do you own your home? (midwest.social)

submitted 3 years ago* (last edited 3 years ago) by [email protected] to c/[email protected]

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Just wondering how we stack up compared to other forums

As of jan 1, 2022, the answers here are:

13 ppl pay =< 33% of monthly income on rent / property tax

6 ppl pay > 33% of monthly income on rent / property tax

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[–] [email protected] 4 points 3 years ago

The most typical salary in my city (London) is 33k GBP per year. I earn more than that.

My rent is 1150 GBP per month for a 1 bedroom flat in Zone 4, which is considered "the outer suburbs" perhaps, in a nice area. It represents about 40% of my monthly salary. I got offered to buy it for 350k a few years ago, which I did not have the means at all - and still don't.