What's your income and what's your mortgage/rent

[clouds56]

I'm just curious to know what peoples monthly household income is and how much their mortgage/rent is?

The reason for me asking is because I am moving house soon and our mortgage will be going up by quite a lot but our household income has also increased. Although we've done all our sums and the bank are happy to lend us the money I am still feeling anxious so interested to see what other peoples monthly income and mortgage/rent is? And whether you find it manageable or struggle.

Oh come on @169cliftonroad don’t be disingenuous, you can’t possibly feel ‘poor’ unless you genuinely have no experience ever of what poor actually means.

I say that as someone with similar income, higher mortgage and surrounded by lots of high earners and properly rich friends.

Net income 9500, mortgage 700.
Feel poor as I have many friends in director/partner level ..

Do your director/partner friends have a mortgage of just £700 per month though?

No idea, but even at multiple times of my mortgage, they clearly won't be struggling, they all have multiple brand new suvs, sprawling manor house, business class travel, etc.. anyway, I do know that comparison is the thief of joy.

Overall with partner income is £5000 pcm and mortgage £1130

Worries me reading threads like this. As despite having high incomes compared to the national average. Mortgage and childcare in the SE are astronomical.

c£8-9k per month net

£2k mortgage and £700 childcare.

Sometimes I wonder if the SE is worth it. When we could be earning the same up north but have a mortgage of £800pcm!!!

Income about £4200. Rent £900.

On MNs everyone has an income of 10k with a mortgage of £500 because they didn't want to overstretch themselves but are still finding things tight 🙄

Single income take home £4.6k, Mortgage £1.3k.

I'm thinking of downsizing and reducing my mortgage to about £800.

Combined take home around 3200. Rent £700 but hoping to buy soon, mortgage will be around £850

income of £6200 (after pension, student loans etc - but not including bonuses) for both of us. Mortgage just under £750

Amazing how little tax you can pay if you're not a peasant

Earning £1249, Mortgage £362. We’re in a good position (no other debt, no childcare bills, only adult one child) but it’s quite stressful.

Take home £2800 a month, mortgage £865 (usually try to over pay to £1000). I am gob smacked at some of the salaries on here!

Whaaat?! Am I in the wrong job here? Almost everyone is earns more than me on here 🤔 Partner makes £1800, I was making £2100 but dropped to PT £1200 so 3k a month total. Mortgage is only £250 but the big bills are coming to £1300 without even getting any food shopping, petrol etc.

Combined income approx 6.5k, mortgage 941 per month

Net income: about £7k. Mortgage: £1k.

Green - £18k a month gross is £216,000 a year. Net pay after tax whether you are self employed or employed is £10,258 a month (using a net pay calculator ) so I think the poster instead of hardly pay much tax as you imply has her figures out by £4k a month and is more likely to pay less that to make her similar to PAYE people than the low sum she gives.

The higher your pay the more tax you pay in the UK, sadly and higher earners have never borne as much of the tax burden as they do now. I know those struggling to buy a loaf of bread will have no sympathy but when the state takes 47% upper tax rate including 2% marginal NI, plus the nes 1.25% NI that is coming in, plus for some 9% graduate tax and you get no child benefit and you lose a single person tax allowance entirely some people choose to work less, earn less and pay less tax into state coffers which means less for the less well off. It is a difficult balance and in the last 10 years tax has just got higher and higher never mind the huge indirect taxes people pay on TVs, insurance etc etc

Couldn’t agree more @Xenia

its absolutely pointless earning just over £100k you need to be earning £140+k to make it worthwhile.

no tax free childcare
no annual allowance
60% marginal income tax rate before you even consider NI or student loan

I’ve said all along. It’s a joke that they choose to go after the hard working middle class like this.

I know he's american but Dave Ramsey advices max 25% of take home pay on housing costs. With high rents etc, this is sometimes very difficult.

Take home £2000, mortgage £450. It’s manageable, but an extra £500 a month wouldn’t go amiss.

Take home for me is £3,500 and OH is approx £1,900. We have separate finances with one pot for bills, food and dog.

We live in my flat and the mortgage is £350. Just completed renovations on the flat. Saving up for a house to buy together soon.

I know. We are v lucky.

We're very lucky to have bought at a good time and have a very small mortgage. We live in an old 1940's terraced house in an extremely convenient but run down area of the city, it would be around 40% more expensive to buy it today. We wouldn't be particularly house proud so it suits us. Our mortgage is currently €514, just fixed for 5 years.

We live in Ireland. Take home pay used to be around €7000 a month between us but I've recently dropped to part-time hours (8 hours less per week) and haven't worked out exactly how much I'll be getting now, probably €300-400 less per month.

Combined take home (with bonus) is £14.5k a month.

Mortgage is £1600 a month. We also have school fees of £1600

Monthly gross £11,820, net £7,661, mortgage £2,250, childcare £1,800

In our early-mid 40s, net household income just under 10k, mortgage 700 (modest 3 bed) . Nearly tripled our mortgage during the post pandemic housing boom but was too picky and didnt find a perfect house.