What percentage of your take home pay is spent on rent?
Posted by: GreenLego
4th Jul 2023 08:58pm
Just came across an article where people have responded that they were spending 70%, 80% and 83% of their take home pay in rent, Which seems crazy high. Are Cafe Chat friends here spending that much on rent or are those numbers outliers?
You must be a member to reply to this chat topic. Click here to sign in.
Help Caféstudy members by responding to their questions, or ask your own in Café Chat, and you will get the chance of earning extra rewards. Caféstudy will match these and donate equally to our two chosen Australian charities.
Australian Marine Conservation Society are an independent charity, staffed by a committed group of scientists, educators and passionate advocates who have defended Australia’s oceans for over 50 years.
ReachOut is the most accessed online mental health service for young people and their parents in Australia. Their trusted self-help information, peer-support program and referral tools save lives by helping young people be well and stay well. The information they offer parents makes it easier for them to help their teenagers, too.
Comments 4
jtmorri
I heard a news bulletin state people are spending 50% of their income on rent and they interviewed people who backed up this claim. Personally, we don't pay rent.
CatTracey
You certainly are lucky. And you have probably worked hard and gone without a few things along the way.
jtmorri
We are lucky enough to own our home outright, therefore not paying any rent nor mortgage repayments.
CatTracey
jtmorri - I'm curious as to your situation then. If you are not paying rent, how do you keep a roof over your head? Are you tending to the property in exchange for accommodating, house sitting or even maybe squatting?