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Percentage of income spent on rent Uk?
03-16-2013, 03:27 PM
Evenin' Gents,
I am about to move house and in order to not live in a hovel I will have to spend about 40% of my income in rent. It's still 35% to live in said hovel.
Not ideal but that's the way it is.
After paying alI bills will have about 26% for clothes, non essentials etc.
Just wondering what the rest of the uk members are paying?
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Percentage of income spent on rent Uk?
03-16-2013, 04:07 PM
I have a room I usually rent when I am living there for 400gbp a month, London is expensive to live otherwise.
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Percentage of income spent on rent Uk?
03-16-2013, 04:45 PM
JBL you are making twice as much as me.
I need to start man hoein'.
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Percentage of income spent on rent Uk?
03-16-2013, 05:20 PM
im renting a room for £400 a month, plus around £150 other costs associated with being here.
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Percentage of income spent on rent Uk?
03-16-2013, 05:36 PM
£550 a month for me..... it is about 15% of net income.
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Percentage of income spent on rent Uk?
03-18-2013, 08:51 AM
I'd expect to pay around ~£800+ for your own place in London, or ~£1300+ for something central.
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Percentage of income spent on rent Uk?
03-18-2013, 09:38 AM
Expect to pay no less than £1000pcm for your own place for a one bed in a non ghetto area of london
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Percentage of income spent on rent Uk?
03-18-2013, 04:15 PM
yes.....I am in a "cheaper" part of the country!
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Percentage of income spent on rent Uk?
03-19-2013, 11:17 AM
As an example: In NYC rental agents take your annual pre-tax income and divide it by 40-60 to determine the maximum rent you can afford. Seems like a good idea to try to stay within these parameters even if a landlord will let it slide. This is in a market were people typically don't own a car so if you own a car you may want to deduct the fixed annual costs of ownership before doing the calculation. Variable costs like fuel will likely come out as similar to what someone without a car would pay for cabs and transport pass so can be ignored.
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Percentage of income spent on rent Uk?
03-19-2013, 11:39 AM
I live with 2 house mates in a 4 bedroom house and only spend £150 a month on rent with money to spare on essentials such as whiskey.