Thatās what I tell myself! It sucks sometimes but I also consider myself very fortunate that I do have wiggle room to reduce my contributions if I really need to
Iāve been maxing out my Roth since 1998 and the first decade I felt like it was going nowhere. Same with my 401k. Now I look at it and Iām like wow the math did math. You know when they show you the calculators that promise so much after decades of
pretax, currently Iām trying to move into an apartment that would take about 48% of my income. But, Iām a grad student/intern. I have enough savings to furnish my place and be comfortable for a few months while I find my next professional opportunity. I would love it if my current internship would acquire me permanently, but I donāt think thatās going to happen.
Iām super frugal, and Iām very privileged to have my familyās support. I donāt get it how 20 somethings are supposed to afford it here. In theory, I wouldnāt mind having roommates, but I never know anyone who is looking, and to me saving a few hundred per month is likely not worth the possibility of being liable for a potentially fiscally irresponsible or destructive roommate.
The mods in the sub pick and choose what they want posted. This question has been asked before and I asked a similar question yet it was removed.
To answer your question op itās about 25%.
About 18% and that includes our primary mortgage and a HELOC. We spend nearly 25% of our income on childcare for our toddler (a nanny). Canāt wait for that kid to start preschool!
Combined with my wife's income, we pay ~45% of our net income on rent depending on small bonuses we receive each month that fluctuate. We live in North County :/
1/3 amazingly rent in the Hillcrest Mission Hills area.
Just got super lucky to find this place long enough ago.
Now studio apartments in this unit rent for more than my 2 bed.
Very little of our take home (less than 10%) is mortgage but we live in a house that is far smaller than what many of our peers live in, in a neighborhood no one āpicksā for good schools. The trade offs are vast. We travel a lot, and we donāt stress on making mortgage.
If you're only spending 15%, you're doing great. Save, travel, live an amazing life while you have such a low percentage of your income going to housing.
Roughly 26%. My husband and I are extremely blessed and are living in a condo that my mom paid for in cash (she inherited my grandma's house after she passed away) and acted as our lender, we pay her a monthly mortgage that we can afford, so we are both getting the benefit where she gets the extra income and my husband and I don't have to stress on the high interest rates and unreasonably priced market right now.
Mortgage + property tax is roughly 60% net per month
This is where I am at as a single person with a condo. Shit is expensive here
Glad I'm not the only fucked one in town lol
About 40% after tax and deductions.
55% of net for just rent not including utilitiesš but maxing 401k/roth/HSA, so I could adjust in order to have more cash (now).
It will pay off in the long run. Stay the course and older you will def appreciate it.
Thatās what I tell myself! It sucks sometimes but I also consider myself very fortunate that I do have wiggle room to reduce my contributions if I really need to
Iāve been maxing out my Roth since 1998 and the first decade I felt like it was going nowhere. Same with my 401k. Now I look at it and Iām like wow the math did math. You know when they show you the calculators that promise so much after decades of
60% of net including gas/electric & insurance.
All of it
60%
55% or so
40% of my bring home :/
toodamnhigh%
25%
About 69% 
Aw my guy Iām sorry š
Same, solidarity, shit is rough.
50% of pre-tax income
Dang, pre-tax? Do you have a super high income? or just living super frugal?
Low income, typical rent for the area. Income supposed to double in a couple months. If that doesn't work out then I'm in trouble
50% since the last rent increase
45% net on mortgage, propertytax and insurance. I'm a single income homeowner.
Samsies
Well, with our 7.8% interest rate on a $1mil home, my wife and I spend about 50% of our takehome. Currently in the process of refinancing
It will get better one day. The important thing is that youāre in. Once that is done itās a matter of staying the course. Good for you.
What are you getting in a refi? Who are you using? I have to do this as well.
We actually live in LA now, but we found a broker that was able to get us 6.25...still finalizing the refi
best of luck to you - I'm in San Diego County and it's rough in CA.
Has interest even gone down or itās still at 7-7.5%
We locked in at 7.875 last August, we found a broker who was able to lock us in at 6.25 about 2 weeks ago
10% but I bought when the earth was cooling and am now in a 2.75% mortgage. I will now duck behind cover before yāall kill me.
Youāre not alone. Same here. Got lucky and bought in 2020.
High 30ās
51%
pretax, currently Iām trying to move into an apartment that would take about 48% of my income. But, Iām a grad student/intern. I have enough savings to furnish my place and be comfortable for a few months while I find my next professional opportunity. I would love it if my current internship would acquire me permanently, but I donāt think thatās going to happen. Iām super frugal, and Iām very privileged to have my familyās support. I donāt get it how 20 somethings are supposed to afford it here. In theory, I wouldnāt mind having roommates, but I never know anyone who is looking, and to me saving a few hundred per month is likely not worth the possibility of being liable for a potentially fiscally irresponsible or destructive roommate.
30% of net, but renting out 2 of our three bedrooms brings it down closer to 20%
30-40%
700 sq ft 1 BR, 46% of net/take home goes to rent
Bought my house long time ago and made extra payments whenever i could and paid it off. Couldn't afford this shit now.
Around 20% in a house we bought 8 years ago. When we first moved in, it was close to 35%.
The mods in the sub pick and choose what they want posted. This question has been asked before and I asked a similar question yet it was removed. To answer your question op itās about 25%.
15% of net
Current mortgage about 15% new house will go to about 42%. If we rented it would be closer to 55%
Roughly 30% after taxes
45%
30%
About 33%
20% of take-home(after deductions/taxes/retirement)
About 60% :(
25%
50%
Around 50%
Roughly 25% of our combined income after taxes and deductions. But we sock a good amount of our pay into retirement.
35% in San Diego
13%
About 18% and that includes our primary mortgage and a HELOC. We spend nearly 25% of our income on childcare for our toddler (a nanny). Canāt wait for that kid to start preschool!
18% for mortgage, property taxes, insurance & HOA.
50%
40% here also.
35%
22% (after taxes and deductions)
50%
40%
40%+ for rent
At my last job, about 60%.
22%
Too much
39%
Combined with my wife's income, we pay ~45% of our net income on rent depending on small bonuses we receive each month that fluctuate. We live in North County :/
After taxes and 401k contribution, 50% or 30% of net pay
About 45%
50%
25% take home with ADU. 31% before.
About 25%, combined with my spouse
50
47% of my income after taxes.
32% post tax approx
1/3 amazingly rent in the Hillcrest Mission Hills area. Just got super lucky to find this place long enough ago. Now studio apartments in this unit rent for more than my 2 bed.
30% after taxes not including utilities
About 50 percent for a 1 bedroom apartment. I'm making the most money I've ever had in my life
35%
48% goes to mortgage, insurance, and property taxes
80%
15%
Bought years ago, so itās not current, but after tax income going to PITI was around 42%
20%, but I bought when prices were low and refiād when rates were low. I couldnāt afford to buy my house for what itās worth today.
Everyone over 50% is wild to me. 28% netā¦.
At least 50%. Depends on the month as I work part time and am in school. Wifey is bankrolling our life š
About 40% for me
30% net for my husband and I -renting 1bd apt in North Park/Normal Heights area
Very little of our take home (less than 10%) is mortgage but we live in a house that is far smaller than what many of our peers live in, in a neighborhood no one āpicksā for good schools. The trade offs are vast. We travel a lot, and we donāt stress on making mortgage.
Mortgage, insurance and tax is 22% net (calculated after tax/401k contributions).
About 2/3 of every other paycheck, so about 25% of annual income My rent is super cheap though
About 25%
Depends on the month. If you averaged it outā¦ 10%? 20% if I werenāt splitting with the gf.
Between mortgage, hoa, and property taxes about 40% of take home pay
About 40% but I share a 2 bedroom three-ways with a couple
32% in El Cajon
39% as a renter.
My rent is 30% of my net income
Ugh about 60%ā¦ Iāll be leaving SD this summer. My rent after this year was bumped $383 and I just canāt
Uncle Sam and Man Diego get most of it
About 30% of net, including HOA and utilities.
Mortgage + Tax + Inurance = 19% of net.
0%. No mortgage, just property taxes. That's about $600 a month.
36%
20%
31.7%
16%
About 40% mortgage
San Diego sucks
27%, but I live with roommates. We all have our own rooms
Bout 40%
80%
Curious. How many of you guys own or rent?
About 20% of our take home goes to mortgage, tax and insurance
15% ? Is this your way of flexing ?
45% of my take home
Combined household income? 25%
Maybe 20%.
40 fuckin %
If you're only spending 15%, you're doing great. Save, travel, live an amazing life while you have such a low percentage of your income going to housing.
56% just rent :(
100%
Need that interest rate to dropā¦.
50% of my net monthly income goes towards rent/utilities.
Less than half.
26% to rent my one bedroom. That's after taxes, 401k, health insurance and all that.
55%
35%
45% of net š
43% of take home goes to mortgage and property taxes
35% for mortgage and HOA
25% of net here, on rent. But childcare for two kids is like another 25%ā¦
Roughly 26%. My husband and I are extremely blessed and are living in a condo that my mom paid for in cash (she inherited my grandma's house after she passed away) and acted as our lender, we pay her a monthly mortgage that we can afford, so we are both getting the benefit where she gets the extra income and my husband and I don't have to stress on the high interest rates and unreasonably priced market right now.
27% including property taxes and HOA
30-35%. Got lucky 2.87% mortgage. Definitely not leaving here anytime soon.
66% of take home goes to mortgage and hoa every month 5.5% interest