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What percent of your total income goes to rent?
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What percent of your total income goes towards rent?
5-15
60%
 60%  [ 14 ]
16-25
21%
 21%  [ 5 ]
26-35
8%
 8%  [ 2 ]
36-45
4%
 4%  [ 1 ]
46-55
0%
 0%  [ 0 ]
56 and up
4%
 4%  [ 1 ]
Total Votes : 23

Author Message
inthewild



Joined: 28 Mar 2004
Location: Korea

PostPosted: Wed Jul 16, 2008 7:59 am    Post subject: What percent of your total income goes to rent? Reply with quote

Just curious about people paying monthly rent, not jeonse. And if your apartment is paid for by your school just figure that rent as part of your total income cuz you earned it anyways.

I'm just curious about people in Korea.
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newton kabiddles



Joined: 31 Mar 2007

PostPosted: Wed Jul 16, 2008 1:47 pm    Post subject: Reply with quote

I'm in the USA....37%
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Draz



Joined: 27 Jun 2007
Location: Land of Morning Clam

PostPosted: Wed Jul 16, 2008 2:08 pm    Post subject: Reply with quote

Dunno how much the rent on my place is.
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mmarshalynne



Joined: 23 May 2008

PostPosted: Wed Jul 16, 2008 2:15 pm    Post subject: Rent Reply with quote

I own my own house in the US, and will arrive in Korea on July 31, 2008. I do not know the value of my rental. US guidelines if you want to get a loan to purchase a house is generally that your housing should not cost more than 30% of your total income.
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holden_caulfield



Joined: 30 Jun 2008
Location: NYC

PostPosted: Wed Jul 16, 2008 2:50 pm    Post subject: Reply with quote

17%
it's not uncommon for NYC'ers to pay ~%50 of their income on housing

www.citylimits.org/images_pdfs/pdfs/Weiner.pdf

HC
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rusty1983



Joined: 30 Jan 2007

PostPosted: Wed Jul 16, 2008 3:26 pm    Post subject: Reply with quote

holden_caulfield wrote:
17%
it's not uncommon for NYC'ers to pay ~%50 of their income on housing

www.citylimits.org/images_pdfs/pdfs/Weiner.pdf

HC


Just not worth it in my opinion.
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Paji eh Wong



Joined: 03 Jun 2003

PostPosted: Wed Jul 16, 2008 3:55 pm    Post subject: Reply with quote

20%. With the minimum 5 mil down.

Or do you mean wolsae instead of chonsae?
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caniff



Joined: 03 Feb 2004
Location: All over the map

PostPosted: Wed Jul 16, 2008 4:17 pm    Post subject: Reply with quote

None-ya....
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Ilsanman



Joined: 15 Aug 2003
Location: Bucheon, Korea

PostPosted: Wed Jul 16, 2008 4:37 pm    Post subject: Reply with quote

Me....6-7% or so.
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IncognitoHFX



Joined: 06 May 2007
Location: Yeongtong, Suwon

PostPosted: Wed Jul 16, 2008 4:42 pm    Post subject: Reply with quote

In Canada, about 80% of my paycheque.

In Korea, 0% of my paycheque (and my paycheque in Korea would still be double than Canada's if I had my old apartment's rent taken out of it).
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sineface



Joined: 27 Feb 2006
Location: C'est magnifique

PostPosted: Wed Jul 16, 2008 8:43 pm    Post subject: Reply with quote

caniff wrote:
None-ya....


Same. Woop.
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Suwon23



Joined: 24 Jan 2008

PostPosted: Wed Jul 16, 2008 8:54 pm    Post subject: Reply with quote

You dullards, the OP said to factor in the rent your boss pays if you don't pay it yourself. Obviously somebody is paying for your apartment.
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cdninkorea



Joined: 27 Jan 2006
Location: Seoul

PostPosted: Wed Jul 16, 2008 8:56 pm    Post subject: Reply with quote

10% of my total income and 25% of my non-savings income.

That's not including maintenence fees and utilities- just rent.
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sineface



Joined: 27 Feb 2006
Location: C'est magnifique

PostPosted: Wed Jul 16, 2008 10:06 pm    Post subject: Reply with quote

Suwon23 wrote:
You dullards, the OP said to factor in the rent your boss pays if you don't pay it yourself. Obviously somebody is paying for your apartment.


Ok, if you want to be picky about it, I guess tax payers in the the U S of A pay my rent. What my boss pays me just bumps up my wages. Of my total income, none of it goes on rent


Last edited by sineface on Thu Jul 17, 2008 7:46 pm; edited 1 time in total
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IncognitoHFX



Joined: 06 May 2007
Location: Yeongtong, Suwon

PostPosted: Wed Jul 16, 2008 10:17 pm    Post subject: Reply with quote

Suwon23 wrote:
You dullards, the OP said to factor in the rent your boss pays if you don't pay it yourself. Obviously somebody is paying for your apartment.


In that case, around %20 of my paycheque not including the original key money.
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