(Closed) How much of your combined after-tax salary do you pay for housing?

posted 6 years ago in Money
  • poll: What is the % of your combined salaries that you spend on housing?
    0-10% (or up to 1/10th) : (21 votes)
    18 %
    10-25% (or up to 1/4th) : (49 votes)
    41 %
    25-35% : (33 votes)
    28 %
    35-45% : (6 votes)
    5 %
    45%-55% : (6 votes)
    5 %
    55% or more : (5 votes)
    4 %
  • Post # 3
    1114 posts
    Bumble bee
    • Wedding: July 2013

    Mr CL and I live in Southwest England.  We currently rent a two bedroom flat for around 30% of our combined salaries.  The percentage will be much lower once I start my new job!

    Post # 4
    526 posts
    Busy bee
    • Wedding: May 2013

    We live in a “green” luxury loft building outside of Boston MA, we have 1,500 square feet with 2 beds and 2 baths, and we use 45% of our salary on the apartment (including all utilities, parking garage, pet fees). 

    Post # 5
    3942 posts
    Honey bee

    Ours is 30% for a 3 bedroom home in the Boston suburbs. It’s higher than I would like, but it’s still less than we were paying for rent in Boston. At least now we own something. 

    Post # 6
    2622 posts
    Sugar bee
    • Wedding: November 1999

    We live in the East Bay (outside San Fran).

    We live in a two bedroom townhouse/condo that we rent. 

    We pay about 11% of our take home (this means after health insurance, taxes and 15% of DH’s income goes to a 401K pretax)


    Post # 7
    7311 posts
    Busy Beekeeper
    • Wedding: October 2011 - Bed & Breakfast

    We own a 2200 square foot house will full unfinished basement on 5 acres in the Washington DC metro area. Our monthly payment (p&i, taxes, homeowners insurance) is 19-20% of our takehome pay (after taxes, retirement fund contributions, medical/dental/vision insurance, and charitable contributions are deducted). If we excluded all of those deductions and only looked at taxes, we’d probably at 15-16%.

    Note: We intentionally kept our housing payment low so that we could afford to live on one salary, if necessary. We also saved for a very long time to put down a big down payment and spent 18 months looking for the right house at the right price.

    Post # 8
    1866 posts
    Buzzing bee

    We’re about the 10-12% range I believe.  We rent a 1 bedroom apartment in downtown Chicago.  800 square feet.  We are saving up to buy a condo. 

    Post # 9
    58 posts
    Worker bee
    • Wedding: December 2012

    Our mortgage is almost 35% of our take home salary.  We have a 1600 square foot 3 bed, 2.5 bath townhouse in the northwest suburbs of Chicago.

    Post # 10
    11325 posts
    Sugar Beekeeper
    • Wedding: February 2011

    We live in Columbus, Ohio. We own a 4 bed 2.5 bath home (2,600 sq ft) with a small lot in a nice (but not the BEST possible) neighborhood. Our mortgage + PMI + real estate taxes + insurance = 21% of our after-tax salaries.

    Post # 11
    1659 posts
    Bumble bee
    • Wedding: July 2012

    We live in an immediate eastside suburb of Seattle.  Our mortgage is 30%, exactly.  1600sqft 3br 2ba.

    Post # 12
    711 posts
    Busy bee
    • Wedding: October 2012 - Watch tower lodge, Black hawk state Park Rock Island, IL

    i live in a trailer…in Iowa. I paid 700 bucks in cash for it (yes 700) cause the guy was crazy and for whatever reason needed to sell uber fast( we did A LOT of work to it) i pay 260 dollars for lot rent per month….and 150 a year in property taxes…its a three bedroom trailer used to have 1.5 bathrooms but we gutted the small one and expanded a bedroom so we have one bath..living room and good sized kitchen. good size deck/porch on the front.we have a shed and a playhouse built on the lot also..and a small yard. we gutted and remodled the bathroom, and layed hardwood floors in it. also remodled kitchen and we are now working on bedrooms, by the time were done and ready to move we will sell for 10000

    Post # 13
    354 posts
    Helper bee
    • Wedding: November 2012

    Just under 20% of our combined take-home for mortgage and common fees on a one-bedroom apartment in NYC (washington heights). 

    sorta makes me wonder where the rest of our money goes… 🙂 

    Post # 14
    3461 posts
    Sugar bee
    • Wedding: May 2012

    We own a 1 bedroom condo (930 sq. feet) in a pricey Boston neighborhood.

    The mortgage is paid off so between the monthly condo fee (recently raised 25%!) and property taxes we probably pay just under 10% of our combined monthly after-tax income.  

    Post # 15
    2892 posts
    Sugar bee

    Maryland. 1500 sq/ft townhouse, 3 bed, 2.5 bath. INCLUDING our HOA fees 26% of our after tax income goes to the house/mortgage.

    Post # 16
    5009 posts
    Bee Keeper
    • Wedding: April 2012

    Our mortgage is a little under 12% of our combined take-home. Council tax isn’t really equivalent to property tax but that’s about another 3% and our home insurance is about 0.3% of our annual take-home.

    So in total it comes to about 15% of our take-home.

    We live in a 3 bedroom, 1.5 bathroom house in a decent area of a commuter town. Total floor area is a little over 1000sqft and about a quarter of that is the master bedroom (which is why we loved the house).

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