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
My wife and I bought a 10 acre (~4 hectare) piece of land in very rural, very Northeastern US for 30k USD. We paid for half with about 50% of a year’s combined income, and half with money from when my wife’s parents sold the family farm. Land came with a derelict house, but it turned out to be in better shape than initially thought. Place is fully off-grid: no water supply, electricity, or plumbing. We are living in a yurt while we, my wife’s dad who is a carpenter, and some (paid) timber framer friends make the house safe to live in. Currently we pay about 5% of our combined yearly income in property tax, but that will likely go up when the house is done.
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.
The most typical salary in my city (London) is 33k GBP per year. I earn more than that.
My rent is 1150 GBP per month for a 1 bedroom flat in Zone 4, which is considered “the outer suburbs” perhaps, in a nice area. It represents about 40% of my monthly salary. I got offered to buy it for 350k a few years ago, which I did not have the means at all - and still don’t.
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.
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.
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)
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)…
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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
My wife and I bought a 10 acre (~4 hectare) piece of land in very rural, very Northeastern US for 30k USD. We paid for half with about 50% of a year’s combined income, and half with money from when my wife’s parents sold the family farm. Land came with a derelict house, but it turned out to be in better shape than initially thought. Place is fully off-grid: no water supply, electricity, or plumbing. We are living in a yurt while we, my wife’s dad who is a carpenter, and some (paid) timber framer friends make the house safe to live in. Currently we pay about 5% of our combined yearly income in property tax, but that will likely go up when the house is done.
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.
10.5%
I live in a 1 BR in the not so affluent part of town
The most typical salary in my city (London) is 33k GBP per year. I earn more than that.
My rent is 1150 GBP per month for a 1 bedroom flat in Zone 4, which is considered “the outer suburbs” perhaps, in a nice area. It represents about 40% of my monthly salary. I got offered to buy it for 350k a few years ago, which I did not have the means at all - and still don’t.
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.
33%, and I have really cheap rent and a decent paying job for the area.
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How did you upload a video as a comment?
It’s a gif
Almost 15%, 3 room apartment in eastern Europe.
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.
Nitpicking, but this is not obvious across all industries. In many fields, people’s wages barely go up with time.
If a job’s income does not go up over 20 years, that is hardly very sustainable…
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)
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)…
Public service IT (except for secret services / military) sounds good indeed :)
Can’t say I don’t cover all the bases ;-)
what field of work are you in?
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
An expolice on lemmy? Never would have guessed!
Remember, police do a very wide range of activities - not everyone walks around dressed in blue with a truncheon ;-)
My rent is about 23% of my net income. A nice condo Casablanca.
About 25% after taxes in Northeast Ohio, USA.