For those that are renting, how much do you pay in rent per month?
What % of your net income goes to rent?
And what city or type or area do you live in?
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Are you comfortable with the amount you spend per month in rent? Do you feel the number is in line with your Mustachian values?
I live alone (with my two cats) and rent an 800 sq ft apartment for $1,675 a month. :-O This is not a luxurious apartment- no laundry in the apartment (apt complex has laundry machines outside), no dishwasher, no heat or A/C. Honolulu COL. :-/ Utilities are another $150 (community billing, so I have little/no control over the usage :-( ). The rent alone is about 31% of my net income, but this will increase to 39% when I lose one stream of income in the next few months.
I am not comfortable spending this much, but I didn't want a studio or roommates, and $1,675 is in the low-range for 700-1,000 sq ft apartments in this area. I chose the higher rent instead of the longer commute, for financial, environmental, time, and sanity reasons. :-) I currently live 3 miles from work, 4 miles from class, and 2 miles from the grocery store. So in that sense, my dwelling place is mustachian, but it is quite expensive. To get under $1,200 a month, I'd have about a 60-90 minute commute each way. I'd rather pay the extra rent, save on gas and wear/tear, and enjoy an additional 40-45 hours of my life each month.