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How much of you monthly income goes towards your rent/morgage?

There was a time when my rent was 1/2 of what we made. We are on one income but now our rent is 1/3 of what we make each month.

Answer Question
 
Anonymous

Asked by Anonymous at 8:11 AM on Jun. 12, 2010 in Just for Fun

Answers (32)
  • roughly 25%
    butterflyblue19

    Answer by butterflyblue19 at 8:13 AM on Jun. 12, 2010

  • About 1/3.
    PrydferthMenyw

    Answer by PrydferthMenyw at 8:14 AM on Jun. 12, 2010

  • 1/4 but that's with a 30 year mortgage. I really try to pay 500 more a month to make it like a 15 year mortgage which is about 1/3 of our income. So far so good on paying like it's a 15 year mortgage but it's only been 9 months:)
    theutilitarian

    Answer by theutilitarian at 8:19 AM on Jun. 12, 2010

  • About 15%...we had a significant down payment to put on our house, from the sale of my single girl townhouse! :o)
    LoriKeet

    Answer by LoriKeet at 8:27 AM on Jun. 12, 2010

  • It is about 1/3 but will be just a little less very soon.
    coala

    Answer by coala at 8:39 AM on Jun. 12, 2010

  • Our is about 1/3 too.
    Amanda7891

    Answer by Amanda7891 at 9:12 AM on Jun. 12, 2010

  • 1/5 we have a 1300 mortgage but make 6500.
    jya1124

    Answer by jya1124 at 9:22 AM on Jun. 12, 2010

  • 1/5 of our gross pay, or 1/4 of our net pay. That includes the extra we pay each month.
    Anonymous

    Answer by Anonymous at 9:31 AM on Jun. 12, 2010

  • about 1/6 of our income! We got a really great deal on our house... and our lot is super small so, taxes are just $300 a year :) smaller escrow payment :)
    MDT09

    Answer by MDT09 at 9:41 AM on Jun. 12, 2010

  • About a quarter of our income... but that is only because we have the extra funds so we put extra towards our mortgage every month. If we didn't put the extra out then it wouldn't amount to nearly as much. We are on a 15 year.
    AutymsMommy

    Answer by AutymsMommy at 9:43 AM on Jun. 12, 2010

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