What would you like to do?

What percentage of your gross income should go towards rent?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

No more than a third of your gross annual income should go towards housing. As for rent, you should not spent anymore than 25% of your gross income. Housing - This expense should include mortgage, insurance, gas, electricity, maintenance, and phone. (according to crown.org budget guide) Rent or your monthly mortgage payment plus each of the above should never exceed 36%. 1/3 is generally a good rule just as with the 1st answer, but don' t forget that the number includes the other housing expenses.
28 people found this useful
Thanks for the feedback!

What percentage of your monthly income should go toward your mortgage?

    Rule of thumb currently promoted is that you should never spend more than 1/3 of your gross income. 33.3%. But you should be aware that this is far higher than th

What percentage of business income should go to rent?

Percentage of business income should not be used to decide rent.  Business needs and desires should be used to calculate rent. You  could be making hundreds of thousands of

What percentage of your gross income should go towards utilities?

Utilities are largely a fixed cost that depend on where you live,not a percentage of income. It's not like you should say "I'm rich,I should leave the air conditioner on with

What percentage of your gross income should you save for retirement?

In the real sense of the word, there is nohard and fast rule as to a specific percentage that'll work acrossthe board. However, a very good general rule of thumb is somewhereb