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Do you spend above or below 30% of income before taxes on mortgage/rent?

11 Answers

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  • 2 months ago

    less, but that is only because my house is paid for.

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  • 2 months ago

    Nope. I pay no rent or mortgage. Housing is included with my onsite manager job. 

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  • 2 months ago

    Far below that now.

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  • 2 months ago

    Haven't paid anything "on mortgage/rent" in nearly 20 years, so it's hard to calculate a percentage for zero.

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  • 2 months ago

    Well below.

    .

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  • n2mama
    Lv 7
    2 months ago

    My mortgage payment is about one week of net pay for me. Total housing expenses (mortgage, property tax, utilities) is less than 30% of my gross pay.

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  • Anonymous
    2 months ago

    I don't spend any money on mortgage or rent. I just pay low taxes on a home I own and bought with cash after saving money by living in my mini van for 2 years

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  • 2 months ago

    I haven't figured it out on just mortgage/rent. figure it on everything, and then decide if there is enough left over for comfort.

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  • A.J.
    Lv 7
    2 months ago

    Always been way below for me starting in the late 1970's. Considering guidance of lenders and landlords, in the USA not allowed to be much higher. I started at 14% of gross as rent. I never exceeded 20%. Combination of an Engineering college degree and living below my means. I recognize that  rents and mortgages have far outpaced inflation.

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  • 2 months ago

    Slightly below. But after taxes it's less.

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