What percentage of your income should be put twoards rent or house payments? Barring the cost of food, clothing, gas, electric, cable, possible car payments, and taxes.
2006-11-28 05:55:14 · 6 answers · asked by boredirishrunner 1 in Business & Finance ➔ Renting & Real Estate
You generally hear 25-35% of your pre tax income.
2006-11-28 06:07:13 · answer #1 · answered by jeepdrivr 4 · 0⤊ 0⤋
The US Department of Housing and Urban Development says 30% of your income for housing PLUS utilities.
2006-11-28 06:20:44 · answer #2 · answered by kingstubborn 6 · 1⤊ 0⤋
that is likely only a count number of which one is better significant immediately. in my opinion i might want to bypass for the abode, reason no longer in straight forward words are prices low ... so are abode expenses. In 2 years the marketplace might want to okay turn round and expenses bypass decrease back up.
2016-10-07 22:14:58 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Without leaving yourself "house-poor", 25-35% of your GROSS (pre-tax) monthly income should be as high as you go.
2006-11-28 06:20:36 · answer #4 · answered by Anonymous · 1⤊ 0⤋
preferably 28% but should max out at 30%.
2006-11-28 06:11:30 · answer #5 · answered by boston857 5 · 1⤊ 0⤋
28% to 32%.
2006-11-28 05:57:28 · answer #6 · answered by KL 5 · 1⤊ 1⤋