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I'm curious about how much of income is spent on rent. I've often heard that 25% of gross income is a good number to go by, but in reality when I look and see how much rent costs are in most non-ghetto areas, the numbers don't seem to reflect that. Or maybe I'm just a lot poorer than I think I am.
How much of your income do YOU spend on rent?
About 12% of my gross... and that's because I have 2 roommates who I charge enough to cover the rent and 75% of the lights/water/trash/cable/internet.
Everyone comes out ahead because they are still paying much less than they would pay for a 1BR of their own.
Currently 0%, I still live with my parents and pay nothing
I'll probably be moving out soon though and housing is pretty expensive in my area. I don't think I'll be able to spend much less than 1/3 of my income on an apartment (take home pay is ~$3000/month). Definitely not looking forward to that.
No reason to blow so much on rent. A room in a house can be rented for much less. I am in the suburbs of DC as well and pay $525/month + my share of utilities.
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