What percent of your monthly net income should go towards rent payment?
by 
russharv63
ANSWERS: 4
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Lets see me and my husband bring home $3300.00 a month and our house payment is $1578.00 so what almost half
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We spend about 25% of our family income.
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I believe the goal is to try and keep your rent/mortgage payments to about 30% of your net income. If you have little other debt, you can let that creep up a little higher, but you definitely don't want to let it get too high, or you may find it a bit harder to budget in other things (like car repairs, travel, gifts, emergencies, new appliances, dental work, medical expenses etc) There is a good money management tool here: http://www.balancepro.net/pdf/mmp.pdf
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From my income about 1/3 or about 30% goes towards rent.
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