Curiosity thread....rent/mortgage to gross monthly pay ratio

[I Saw OJ]

About 21%

Single guy living in a one bedroom apartment working full time and going to school full time.

 

[Chebago]

I'm going to be sitting at about 26% starting Monday (that is when I start my job and move into my apartment). I am in Northern Virginia, Crystal City area...

 

[Tong]

Ok decided to do this but got depressed when i did the math.

Just me, nothign else but rent, bassed off gross, On an income at 152% above Minimum wage.
Oh btw this is no where near boston or the big citties, this is the cheaper side of the state.

Rent only is 37% of my income

Western MAssachussetts:

32% for just apartment (in bad neighboorhood)

37% for same apartment in decent neighboorhood

45% Same apartment in Good area

 

[quakefiend420]

7% oklahoma

 

[Stunt]

Rent includes Utilities...$650/mo
Gross Income...$5090/mo

=13%

 

[Huntress]

10.8%

Northeastern IL

 

[NoShangriLa]

15 % including tax/insurance.

Not a state, but I live in second most expensive city in BC & third in Canada.

 

[HomeAppraiser]

17% PITI

 

[thereaderrabbit]

The ultimate bachelor pad on the Hudson River @ 28%.

 

[rky60]

Mortg. + Taxes + Ins. = 6.6% of monthly gross pay

Just married Sept. 9th and is now 4.3% of our gross

 

[radioouman]

37.5%.

EDIT: ($1000/week, $1500 per month)

 

[zebano]

26% in Western Iowa. My wife doesn't work and we've only had the mortgage for 1.5 years so I expect that over time it will continue to become a smaller and smaller percent.