Just curious, as mine has increase a lot moving from a low cost area to a high cost area.

Please answer the question based on gross salary, but feel free to add specific percent and comments about percentage of take home pay in the thread. And as for marrieds, you can answer as a household, or whatever makes sense to you.

I am sort of looking for overall housing cost so if you want to include property taxes and the like, you can, but obviously it is not a requirement.

Our payments are something like 20-25% of gross income. However, we put 37% of our income towards it to pay off our 2nd mortgage as fast as possible.

I rent a 1 bedroom condo 3 blocks away from downtown San Francisco -- cost is right at 10% of total household compensation.

13% of Gross Income
22% of Net (Less Fed, State Tax, 401k, Health Ins.) Pay

1 BR flat in suburban Michigan where I almost never stay.

I suppose I'll answer my own poll.

24% of gross, and it stinks. I moved from a city where I was paying roughly 12% of gross.
Not sure what percent of net, because I'm adjusting 401k contributions until I have a budget ironed out.

I lived in Iowa, now I live in LA in a little Jr. 1 bdrm (aka, studio with a wall) but the area and complex are nice.

I googled online and people were saying it could be 30-30% of your pay. Granted, they may have been talking net. Still, I wanted to a self selected group of pf minded folks to give an answer.

(And it bugs me that firefox spell checker doesn't think "googled" is a word. If it isn't, it needs to be)

Um, what if you are at 15%? Should I have picked 10-15 or 15-?

22% of Net income and it includes tax and PMI

without the tax and PMI fees , it would be 18% of net

47%



Don't ask, I suppose. It's a long story.

11% of my gross including taxes and insurance which are included in my monthly payment

Aprox 15% of gross, 24% of net, 40% actual (aggresively paying it down)

mine is 15% of gross, including all taxes & insurance.

I've always heard try to keep it under 25%, and a couple places I've looked at that had income requirements required you be paying <33%. Obviously this varies with geographic location. To think was I was paying percentage-wise interning in DC. *shudder*

24% of gross, 34% of net (includes taxes, insurance, and an additional 1/12 payment every month to principal)

well, my gross income situation is um, unusual. my outrageous tuition is included in my gross so that doesn't say much.

rent is 37% of my net, and this is the cheapest little one bedroom apartment we could find in our target area. ahh, the joys of graduate student life!

rents within safe walking distance of the university are well over 75% of my net income

Our housing costs (mortgage, real estate taxes, windstorm insurance and hazard insurance) + utilities (land line phone, DSL, 2 cell phones, electric/water/trash, DirecTv and ADT) adds up to 29% of our net income.

This year we are paying an extra $250 a month to our principal which is not included in the above.