What percentage of your take home salary goes toward mortgage?

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Moved back home. 1.7% on a storage unit...

likefunny

Around 30%, live in Copenhagen, Denmark and its bit below avarage in the City. Normally its around 35-40% here.

likesmart

10% for Chicago rent. Mortgage would be about the same all-in.

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13% in CA

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~20% in Texas on single income. Can’t wait for the wife to go back to work and it’s more like 13%.

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24%. (Wife + me)

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22%, rent in NJ

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~25% mortgage in NC

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Take home salary.. I.e. post taxes? Post 401k? Post medical premiums?

funny

Yes D2, that’s what I meant - and people with less than 20% are in a pretty good spot! I thought most people would be around 25% for rent and around 40% for mortgage

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PwC3, it’s likely still pointless, but my understanding was after tax only. If you’re deducting others, recreate the counterfactual

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10% net, Midwest

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I can’t talk about mortgage (since I don’t have one) but I can mention rent - I live in NYC and about 42%

In Chicago our mortgage is ~15%. A little under 25% of my income

20%

No more than one week’s gross should be going toward housing of any kind, all in.

27% in Los Angeles area.. assume it's below average

@IBM1, 1 week’s gross would typically be around 40% of net I think. So yes, that is probably the cutoff mark.

13% of net pay. Spouse + me.

PITI+HOA is about 50%.

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