Just wondering how we stack up compared to other forums

As of jan 1, 2022, the answers here are:

13 ppl pay =< 33% of monthly income on rent / property tax

6 ppl pay > 33% of monthly income on rent / property tax

  • th0mcat@talk.thomcat.rocks
    0·
    4 years ago

    15%-ish in south-central Wisconsin, own the home. Just got our tax bill, taxes actually went down this year, which is quite the surprise for our county and school district.

  • kevincox@lemmy.ml
    0·
    4 years ago

    I live in Toronto.

    I recently rented for about 1/3 of my post-tax income.

    I now own and condo fees, mortgage and property tax are about 1/2 of my post-tax income but currently my partner who lives with me is helping which puts my contribution at about 1/3 again.

  • dogmuffins@lemmy.ml
    0·
    4 years ago

    About 15% of my after tax income I guess.

    I’m in a regional centre (not a big city) though which makes a rent cheaper.

    Edit: turns out, in Australian cities average rent cost is about a third of the average income.

  • sketches@lemmy.ml
    0·
    4 years ago

    I own. I’m absurdly frugal and my personal religion forbids usury. When I married we basically put our incomes together for seven years and came out of it with enough money to buy a nice home outright.

    I cannot imagine buying in this market. We purchased just before it all blew up, and even then we considered it an asset bubble.

    The whole thing is rigged against anyone and everyone sitting below the top 5%, especially in the southern hemisphere and especially in the USA.

    We spend and put aside about 10% of our net income toward the home. Property taxes, utilities, and maintenance.

  • GadgeteerZA@lemmy.ml
    0·
    4 years ago

    Own my own house (when it’s paid off in 2 years) but 11.4% of my income goes to paying it off. Obviously when I bought it that percentage was a lot higher, but as the years pass, the payment basically stays fixed while your income has been going up.

    • southerntofu@lemmy.ml
      0·
      4 years ago

      Nitpicking, but this is not obvious across all industries. In many fields, people’s wages barely go up with time.

          • GadgeteerZA@lemmy.ml
            0·
            4 years ago

            I’ve retired from work so not in any field of work any more… but when working was in the police and then in IT

              • GadgeteerZA@lemmy.ml
                0·
                4 years ago

                Remember, police do a very wide range of activities - not everyone walks around dressed in blue with a truncheon ;-)

        • southerntofu@lemmy.ml
          0·
          4 years ago

          It usually goes up, though not necessarily faster than inflation. Outside of IT and public service, many older people are still paid minimum wage. (i don’t have stats on that sorry)

          • GadgeteerZA@lemmy.ml
            0·
            4 years ago

            True I was in public service (IT side) and although is not the best, the benefits add up, as does the annual increases over the years (problem is many can’t stick it out that long, especially in public service)…

  • IcebergKeisberg@lemmy.ml
    0·
    4 years ago

    Before the pandemic hit i used to live in Rome, I payed half my salary for a studio in a very nice part of town. Now I live in Istanbul and cannot afford a house with my current earnings. I make more than minimum wage.

  • plu@lemmy.ml
    0·
    4 years ago

    Half my income goes to my rent.

    It’s ~300€ for rent, with a ~600€ income. Plus ~150€ for utilities, leaving me at an uncomfortable ~150€ to live for a month, which is barely enough to afford food.

    But hey, according to American liberals I should rejoice because I live in “socialist Europe”. Lol

  • Sam@lemmy.ca
    0·
    4 years ago

    33%, and I have really cheap rent and a decent paying job for the area.