+26 votes
by (12.4k points)
How much do you budget monthly for housing?  
How much do you budget monthly for housing?

24 Answers

+4 votes
by (11.5k points)
 
Best answer
As mentioned above, there are lots of ways to answer this question. I figured it just using my mortgage and omitting utility figures. The money we spend on our monthly mortgage represents 20. 5% of our net income (what we actually take home from our paychecks).  
+4 votes
by (11.5k points)
This is so situational. It would probably be easiest to compare if people post their number as a percentage of their monthly income
by (12.4k points)
@katerinekates updated! Thanks for noting the suggestion!  
0 votes
by (650 points)
I’m not sure I understand the question. Are you just asking how much my mortgage is? Plus utilities? For utilities, my budget shows the highest bill we’ve had for each utility then I save the difference.  
by (11.5k points)
It's definitely a question that is open to a lot of interpretation
+4 votes
by (3.8k points)
My rent is 30% of my net monthly income.  
+3 votes
by (7.9k points)
Morgage is about 11% of monthly income but it was more like 20% when we took it out initially
+2 votes
by (2.7k points)
Mortgage is 28% of our net income
+13 votes
by (3.3k points)
1200, utilities and all.  
+1 vote
by (990 points)
Mortgage is 24% of net income for us in a high cost of living city.  
+10 votes
by (4.7k points)
1, 900. My mortgage payment is 27% of net monthly income
+17 votes
by (1.5k points)
Ours is 40% of monthly net income including utilities. That is so scary to say out loud. :(
+10 votes
by (2.4k points)
One week per month
+12 votes
by (2.1k points)
Hey so can I ask peeps, if willing to include what part of the country you're in?!  
by (11.5k points)
@seagoing5 good idea. I edited mine to include location
+16 votes
by (2.8k points)
8-15% depending on my husband’s sales quota attainment. Mortgage in NJ, 15 miles from NYC
+2 votes
by (300 points)
We’re at 13% in the mountains of NW Georgia, a half hour from downtown Chattanooga TN.  
+3 votes
by (5.1k points)
4%, no mortgage, just taxes and insurance. Near Nashville.  
+14 votes
by (7.6k points)
About 6%. Not because of a high income, but because i own my home. The 3% covers the huge tax bill, utilities and insurance. Austin, TX
+14 votes
by (4k points)
25% of net. 15 year fixed. Johnson County Kansas
+14 votes
by (2.7k points)
That’s going to be a more complex question soon as I am getting quotes on solar systems that will cover a portion of my future vehicles power as well, but mortgage is currently 11. 5% and utilities bring it up to about 14%.  
by (2.1k points)
@lacielacing I want some of that
+22 votes
by (3.4k points)
We rent and it comes out to 15% (not including utilities).  
+22 votes
by (780 points)
My rent is between 16-19% of my monthly income as my income fluctuates. Charlotte NC area.  
+22 votes
by (680 points)
P&I + Real Estate Taxes + HOA Fees + HO Ins equate to ~8-10% of our net (our annual incentives are variable) - we live Boston
+5 votes
by (1.2k points)
12. 5% for rent in Santa Rosa, CA
+12 votes
by (2.6k points)
Mortgage is 8% of our net monthly income. Minneapolis MN
+14 votes
by (3.9k points)
Our mortgage is 12. 5% of our monthly income.  
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