As I think about the wildly inflated cost of housing these days, and the fact that salaries largely haven’t kept up with that…

I was curious what peoples percent of gross income was made up by housing? So I guess if you’re renting your annual rent as percentage of combined household gross income, and if you own mortgage payments. For the moment, not thinking of things like maintenance and repairs nor heating or landscaping. Just the actual rent or the actual mortgage payment.

I know this will vary wildly based on how long someone has owened, or if they’re in a high cost of living area, etc.

Because I don’t think you should ever ask a question you won’t answer… we rent in a VHCOL area and our rent is 35% of our annual gross income. Our income is contingent upon living in an environment like this and there is no place commutable that is less expensive, so we are for now resigned to being lifelong renters despite being an our early 40s with two young kids. This was NOT the plan.

EDIT: Well that was a lot more responses than I expected. My major takeaway - if you bought more than 3 years ago, you’re likely doing alright. Everyone else, especially in the last couple years and onward… if you don’t already own (or you just recently bought), those 10% and under numbers — of which there are many here — are likely fairly unattainable. I feel like if you haven’t already bought, you’re shit out of luck…