How much of your income do you spend on rent?

Facebook TheNight
May 4 82 Comments

I spend $2500 renting a 1 bedroom in Mountain View.

TC: 150k
Base: 125k which is close to $6k/month.

My apartment kinda sucks hence I’m planning to allocate an extra $900 towards rent starting soon.

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TOP 82 Comments
  • Uber oROc10
    TC 320K, own a 4 bedroom house with wife paying 2500/month mortgage (1100/month on interest). Own 2 other condos bringing in 1500/month in rent total after expenses. 4 YOE
    May 49
    • Google cuppa
      how did you end up with two condos and a house after working for four years
      May 4
    • Uber oROc10
      Bought first when I started with signing bonus, got a second one recently with wifes new signing bonus 🤷‍♂️ if Uber didnt rip me off I could have a third by now
      May 4
    • Google cuppa
      you putting all your savings into real estate?
      May 4
    • Uber oROc10
      Nah, sold all stock and gifted to parents ~150K
      May 4
    • Amazon suh
      Is this in like Pittsburgh or something?
      May 4
    • This has to be Pittsburgh
      May 4
    • Uber oROc10
      Lol not Pittsburgh or Bay area but close
      May 4
    • Accenture / Data__asdf
      i like your style oROc10 :-) , where are the properties? how much are the condos and how much did you put as downpayment?
      May 4
    • Amazon amznl6sde
      Then Colorado? Atg has an office there.
      May 4
  • Google cuppa
    2800/mo 450k TC. Keep running the numbers and can’t convince myself it ever makes sense to buy a house here (Seattle).
    May 419
    • Google cuppa
      Yes some of your mortgage goes into your own pocket. But it’s locked in an asset that grows at the rate of inflation. If you took your original down payment and monthly principal payments and put them in the market instead you would come out WAY ahead in the long term. Instead of paying somebody else rent, you’re letting your principal die by staying out of the market.
      May 4
    • Amazon amznl6sde
      Having a house is about way more than renting vs owning. Don’t like the paint? Pick a new color. Don’t like the carpet? Put in hardwood floors. Don’t like the bathroom fixtures? Do a renovation. Want a space for projects? Turn your garage into a wood shop.
      May 4
    • Epic Games / Eng
      uSko17

      Epic GamesEng

      PRE
      Unity Technologies
      uSko17more
      I'm building a house on 5 acres, mortgage will be 7k. Halp
      May 4
    • Why are you so worried about losing out on the market? With the house you can cash out after however long and have basically lived rent free. To rent a house for 5 or 6k/ month, after 5 years you've spent 300k+ you're not getting back. If your downpayment was 300k, and after 5 years appreciation covers mortgage interest, your lost opportunity is really just the down payment. You think you could safely double your 300k in 5 years in the market? Not likely.
      May 5
    • IBM / Engnamastayyy
      Why are you people so worried about money. You aren't going to be able to take it with you when you die
      May 5
    • Tc or gtfo
      May 5
    • Google cuppa
      Run the numbers. Five years at 7% real returns you would have made 120k in the market. Meanwhile your mortgage payments in the first five years are mostly interest, so it’s lost anyway. You don’t start paying down significant principal until later in the loan, and by then your market returns are compounding like crazy.
      May 5
    • Amazon amznl6sde
      Sure , 370k TC. My mortgage is 2400, the mortgage on my Airbnb is 1400, the mortgage of my commercial rental is 1600.
      May 5
    • Salesforce njnjnjnjw
      How do you calculate 1.5M gain over 30 years?
      May 5
    • Google cuppa
      200000*1.07^30
      May 5
  • Amazon / QA
    patelsiva

    AmazonQA

    PRE
    Amazon, Panasonic Avionics
    patelsivamore
    My TC is 120k which comes out to like $5 a month. I rent a room for $800
    May 48
    • Where abouts do you live? Austin per chance?
      May 4
    • Amazon / QA
      patelsiva

      AmazonQA

      PRE
      Amazon, Panasonic Avionics
      patelsivamore
      I live in Watsonville, CA
      May 4
    • Neustar / Engoldstar
      Do you work in SC ?
      May 4
    • Amazon / QA
      irnsucjen

      AmazonQA

      PRE
      Amazon, Panasonic Avionics
      irnsucjenmore
      No Sunnyvale, I just wake up early
      May 4
    • Yahoo gKXi43
      Oy, how long is that commute? Is there a shuttle?
      May 4
    • Google / Eng
      rQsc13

      GoogleEng

      PRE
      Qualcomm
      rQsc13more
      Wow that's some dedication to save money Amz. You plan on buying a house around the area soon?
      May 4
    • Amazon / QA
      irnsucjen

      AmazonQA

      PRE
      Amazon, Panasonic Avionics
      irnsucjenmore
      It just makes me sick how people blow there money on rent each month
      May 4
    • Amazon jkpoop
      Why are you living in Watsonville for $800 when you can live in Hayward and San Leandro in the inner bay area for the same price?
      May 5
  • Microsoft / EngmfCG87
    About 40% after taxes and maxing out 401k and ESPP 🙃
    May 43
    • Facebook TheNight
      OP
      What’s ESPP?
      May 4
    • Google cuppa
      employee stock purchase plan
      May 4
    • Amazon TVUV58
      Employee stock purchase program. E.g. discounted stock purchases
      May 4
  • Jeeebus, is it worth going to mtn view?

    110k Austin but only pay 1k a month in rent and don’t have state or local taxes.
    May 41
    • Nvidia vnnP31
      No it isn't, lol
      May 4
  • Discover Financial Services advhhrdf
    Base 120k , Bay Area
    Rent - 1300 per month including utilities
    May 46
    • What area?
      May 4
    • Discover Financial Services advhhrdf
      San Jose
      May 4
    • RackWare WdGfe4
      For one room I suppose?
      May 4
    • Discover Financial Services advhhrdf
      Yes , a room in a shared house
      May 4
    • New / Eng
      lostlexa

      NewEng

      BIO
      I’m here to make your life easier.
      lostlexamore
      This isn’t bad, I’m in Irvine splitting 2.2k/mo with my fiancé for 2bd. $95k base.
      May 4
    • Discover Financial Services advhhrdf
      The good part is it’s just 1 mile from my office . I bike for 10 minutes for commute :)
      May 5
  • Google coolguy00
    0$
    May 40
  • Amazon
    ps.ily

    Amazon

    PRE
    Google
    ps.ilymore
    Just under 25% of take-home pay for rent and utilities
    May 40
  • Universal Orlando RazzleDazz
    Base: 95K, rent is $900/month (shared house), South Bay.
    May 43
    • How do you like working for universal? I’ve always been interested in that or Disney.
      May 4
    • Universal Orlando RazzleDazz
      Universal was great. Considering boomeranging. I would go back to Disney, but it'd have to be for an amazing team/project. Too many nightmare stories.
      May 4
    • How tough is it to survive in the Bay at that income? Are you able to save much?
      May 4
  • Amazon fr33tyler1
    $2400 per month on rent in LA for 1bd, TC 190k
    May 43
    • Rakuten rzpt04
      where in LA? amazon... Irvine office?
      May 4
    • Amazon / QA
      pxbx125

      AmazonQA

      PRE
      Facebook
      pxbx125more
      Amazon has a Santa Monica office.
      May 4
    • Rakuten rzpt04
      thanks for the info!
      May 4
  • This comment was deleted by original commenter.

    • Juniper / Eng
      n71ghty

      JuniperEng

      PRE
      Juniper Networks
      BIO
      this is blind bitch, gtfo.
      n71ghtymore
      Where the fuck is this?
      May 4
    • Intuit Snide_Wolf
      Sounds like Nevada or perhaps Midwest
      May 4
  • Nvidia vnnP31
    Spending 2400/mo for a place in San Jose, TC 240k.

    Could afford more, but prefer saving for the future
    May 41
    • Cisco chck
      Rent or Own?
      May 4
  • My Mortgage is about $915. Utilities are about $110/month.
    House is 2015 Sq feet.
    TC ~90000
    I live in Utah (Silicon Slopes).
    May 90
  • New / Ops
    tooQ10

    NewOps

    PRE
    Rakuten USA
    tooQ10more
    I own - saved for a decade and have no debt -, so my "rent" is 400 in property tax and maintenance. 45k TC in low-ish CoL city.
    May 50
  • Google / Eng
    चाचा चौधरी

    GoogleEng

    BIO
    चौधरीकोइँन H Y P E
    चाचा चौधरीmore
    Total $1250 for a room in mtv , 190k tc. Like to live cheaply and instead blow my money during weekends on bars, concerts, and hobbies 😀
    May 40
  • IBM / Productmushk
    13% / 20% of take home in Manhattan
    May 40
  • OpenTable / Engb14c7j4x
    165 base 230tc 2500/mo 2bdrm
    May 40
  • Intuit Snide_Wolf
    600/month in Reno, NV. Shared 4 bedroom apt with my wife's mother and grandmother. My wife and I have 55k AGI, so percentage would be around 14 percent.
    May 40
  • Sony vapkris
    TC 160K rent 2700/month. 6YOE
    May 50
  • SpaceX SlaveX420
    50% of take home pay.
    May 50
  • Charter / Data
    Mæstro

    CharterData

    PRE
    T-Mobile
    Mæstromore
    1.9k per mo, 2800 Sq foot house in austin. 3bd, 3 bath

    38%...
    May 40
  • New QTdN03
    $2345/mo for 3bd/3ba townhome. 23% of take home pay (excluding moonlighting and RSU).
    May 40
  • Facebook public2
    <1%
    May 40
  • Facebook ksoshdy
    7.2% of gross income
    May 40
  • SafetyCulture / R&D
    sydneydev

    SafetyCultureR&D

    PRE
    Concur Technologies
    sydneydevmore
    600 AUD/week in Sydney
    May 40
  • Amazon TCyaKnow
    5% take home after maxing out retirement accounts
    May 40
  • Apple
    EyePhoneX

    Apple

    PRE
    BT
    EyePhoneXmore
    18%
    May 40
  • New / Eng
    hzFR57

    NewEng

    PRE
    EMC Corporation
    hzFR57more
    140 TC, 1600 rent Dallas 11YOE
    May 40

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