Salary to rent ratio

  • Creator
    Topic
  • #1453547
    Pray4theCPA
    Participant

    What percent of your gross salary do you spend on rent?

    Curious as I look for a place to live and decide to get roommates or no.

    FAR - 83
    BEC - 81
    AUD - 74,93
    REG - 75

    Becker Self Study & Becker Final Review

Viewing 6 replies - 1 through 6 (of 6 total)
  • Author
    Replies
  • #1453580
    Yolonge
    Participant

    2 bedroom apt (1200ish square ft) paying 100% rent with water in maryland

    Gross.. approximately 24%

    Net (deduction, retirement, taxes).. approximately 45%

    Not including reimbursement, just base.

    With 100% rent and money sending to family.. I can bare stay alive (and debts to pay not caused by me. I really do not have any own) I may be the poorest person out here 🙁

    Poor me. Made me little sad.

    Materials: Wiley book + Ninja MCQ

    FAR - 83 (Jan 2016)
    Study time: 6 weeks
    BEC - 87 (April 2016)
    Study time: 2 weeks
    AUD - 92 (July 2016), (74 Feb 2016), (72 May 2016)
    Study time: 4 (Feb) + 2 (May) + 3 (July) = 9 weeks total
    REG - (70 April 2016)
    Study time: 3 weeks

    #1453625
    spsone07
    Participant

    20% of my gross wages covers rent. 26% goes towards taxes. Based off of my spending habits from the last 6 months, I'll save roughly 12% of my gross wages. Will increase amount once I pay off my student loans. Not too bad since I live in SoCal

    FAR: passed
    REG: passed
    BEC: on deck
    AUD: crying

    "Everyone has a plan until they get punched in the face." - Mike Tyson

    #1453658
    Iceman6
    Participant

    Im at about 17% of my gross wages spent on rent (1 bedroom apt). I live in Philadelphia, so depending on where I live next year it could be 15-25%

    #1453665
    Missy
    Participant

    My mortgage is about 17% of mine and my husbands gross salary combined.

    Licensed Massachusetts Non Reporting CPA since 2012
    Finance/Admin/HR Manager

    #1453668
    mtaylo24
    Participant

    I own a house and half the mortgage payment w/ the spouse. We probably spend about 12% a piece…

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    #1453944
    So FAR So Good
    Participant

    Boston, 1 bedroom, 650sqft, no utilities included

    Gross – 17%
    Net – 30%

    Always important to consider other debts and recurring payments as well.

    F - 91 (6/5/2016)
    A - 7/30/2016
    R - 10/8/2016
    B - 12/10/2016

Viewing 6 replies - 1 through 6 (of 6 total)
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