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What percentage of your household income goes to your rent/mortgage.

 
Erica_Smerica

Asked by Erica_Smerica at 9:55 AM on Aug. 26, 2010 in Money & Work

Level 28 (34,798 Credits)
This question is closed.
Answers (21)
  • LOL...I totally got my percent a completely different way. I know 10% of my income is $123.86 and that 3x's is 371.58, so, I knew $350.00 is almost 30%. The whole divide then multiply by 100 would have been easier.
    BradenIsMySon

    Answer by BradenIsMySon at 11:28 AM on Aug. 26, 2010

  • 20% maybe?
    Scuba

    Answer by Scuba at 9:58 AM on Aug. 26, 2010

  • with one income, easily 40%.
    Zoeyis

    Answer by Zoeyis at 9:59 AM on Aug. 26, 2010

  • About 25%
    BambiF

    Answer by BambiF at 10:06 AM on Aug. 26, 2010

  • At the moment well over all of it. Neither of us is working, so every penny we get is going for rent and utilities.
    SabrinaMBowen

    Answer by SabrinaMBowen at 9:57 AM on Aug. 26, 2010

  • Uh...I pay $200.00 for my house and $150.00 for lot rent. So...$350.00. I bring home $1238.62/month. So, almost 30%. Right?
    BradenIsMySon

    Answer by BradenIsMySon at 10:08 AM on Aug. 26, 2010

  • 16% goes to the mortgage; If I included the $200 for the escrow (taxes and homeowners insurance) we pay every month then our monthly bill for the house: mortgage, taxes, and homeowner insurance is at 25% of our income.

    And BrandenIsMySon, yes that is almost 30%. It's actually 28.3 percent if you want the exact. :)
    SAHMinIL2

    Answer by SAHMinIL2 at 10:18 AM on Aug. 26, 2010

  • With our house payment, escrow, insurance, and our condo association fees, it is just a little over 20%, however, my income fluctuates from month to month, so some months it could be as little as 15% or as much as 30%.

    JeremysMom

    Answer by JeremysMom at 10:18 AM on Aug. 26, 2010

  • Rent/Mortgage divided by income will give you the percentage.

    Right now its 47% for us.
    Ginger0104

    Answer by Ginger0104 at 10:22 AM on Aug. 26, 2010

  • Oops... forgot to put the most important part.

    Rent/Mortgage x 100, THEN divided by income.
    Ginger0104

    Answer by Ginger0104 at 10:23 AM on Aug. 26, 2010

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