GigglyPancake
GigglyPancake

Ideal Rent as per Salary

What percentage of your in-hand monthly salary do you think is ideal to spend on house rent?

Less than 15%
15%-20%
20%-25%
25%-30%
More than 30%
2558 votes18d left
11d ago
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PerkyNarwhal
PerkyNarwhal

It should be less than 10%

TwirlyBiscuit
TwirlyBiscuit

^This

GigglyPancake
GigglyPancake

Inhand salary per month?

BubblyMuffin
BubblyMuffin

The less the better!

PrancingNugget
PrancingNugget

Depends on your salary and family size.

A family of 3 with a 1 lakh/month income will not be able to manage in a place paying 15k as rent.

On the other side, a bachelor tech bro working in big tech, making 5 lakhs/month, won't rent a place for 75k/month.

GigglyPancake
GigglyPancake

Make sense

ZoomyMuffin
ZoomyMuffin

Every penny you dont pay for rent is a penny saved for something else. Secondly, your rent decides your company and community around you. So your other expenses are anchored to your rent.

For eg: higher rent will mean you are surrounded by people with iPhones, overseas vacations, children studying in international schools demanding imported toys. Your standard of living gets anchored to that. If everyone around you is spending as high as you do, then that high spending doesn't bring special happiness.

However, if your rent is very low and your community is relatively modest, that iPhone feels like a flex for a pretty long time.

ZoomyCoconut
ZoomyCoconut

Quality of life also matters after some point.

SwirlyBagel
SwirlyBagel

A nice clean soothing room and a very good quality bed and mattress. These do matter in the long run.

PrancingPanda
PrancingPanda
TCS9d

Max 20% is ok but after that own a house plan it. Buy it... Increase the income

PerkyCupcake
PerkyCupcake

It depends on how much are you willing to compromise. If you're living alone, outside of your native place, it's better to find a place in sharing. The less you spend is better.

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How much should I budget for rent, if my salary is 7.25 LPA? Joining a new company so not really sure how much I will get in hand. From my calculations, I will be getting 53-55k(as CTC contains PF contri too), so I'm budgeting 17k as ren...

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user

Instead of staying away to save 3-4k monthly, I'd recommend staying close to minimize your daily commute. The extra e...