What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum - Properties (2) - Nairaland
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| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by ogawisdom(m): 9:26pm On Aug 29, 2014 |
Very sensible question Single is 10 -20percent Married. 20 - 30percent |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by meforyou1(m): 9:26pm On Aug 29, 2014 |
Op, your question is hypocritical. I am a federal employee, and earn same with every other of my colleague in any part of this country. But my annual rent in abuja for 3 bedroom is about 2 million, while my colleagues pay about 150 thousand to 250 in 3 bedrooms and duplexes they live in other parts of Nigeria. 5 Likes |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by tellwisdom: 9:27pm On Aug 29, 2014 |
Guy, go rent small shop dey sleep inside...You are still poor  |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by Nobody: 9:27pm On Aug 29, 2014 |
My mother strongly advises me to maintain it at 30%... Adventurist: Hello house, please what percentage of one's annual earnings should constitute your house rent for a year? I am in the process of securing a nice accomodation however I jst want to make sure am not spending too much on the crib. Any financial planner in the house kindly assist. |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by Nobody: 9:28pm On Aug 29, 2014 |
Adventurist: Hello house, please what percentage of one's annual earnings should constitute your house rent for a year? I am in the process of securing a nice accomodation however I jst want to make sure am not spending too much on the crib. Any financial planner in the house kindly assist.20-30percent is ideal ! Anything above that is crazy ! |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by alaladakosta(f): 9:30pm On Aug 29, 2014 |
kaymatic: 10% is d ideal rate Sir, he is not talking bout face me I slap u. |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by 9jageek: 9:31pm On Aug 29, 2014 |
Rent should be one quarter 1/4 of earnings.. 1 Like |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by rydeorsail(m): 9:34pm On Aug 29, 2014 |
your one month salary should be able to pay for your yearly accomodation+feeding allowances for the family..that way you have savings for investments etc 1 Like |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by iceberylin(m): 9:37pm On Aug 29, 2014 |
will it Change anything  |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by Fhemmmy: 9:41pm On Aug 29, 2014 |
Olumidzti: that's too much. For instance, don't you think a man earning 100k monthly (1.2m annually) & and paying 30k (360k annually) for house rent is living above his means? How much will he spend on feeding, clothing, transport, fuel (if he has a car or uses a gen, or uses both), school fees (if he has children)? How much will he save? when will he build his own house? 30% could only be justifiable if the house is located at a place where none of the family member will spend on transport or if the man is single, doesn't plan to have a family, doesn't plan to build his own house. I dont think it is too much..... 360K Naira a year for accommodation is not too much at all, cos it means you have roughly 840K Naira left for the rest of all expenses. What kinda job would you be doing to spend money monthly on clothing, in Nigeria, you buy your food in bulk and cook to eat in the house and cut down on your "Point and Kill joint" Transportation, i will assume you have your own car, and if you dont, i am not familiar with cost of moving from one side to the other in Nigeria. Fuel will be used only when you are home and for your ride if you have one and i dont see that as breaking the bank, i could be wrong cos i have no idea the cost of buying gas out there. If you have children, you wont be paying school fees every year. AGAIN, the 30% to me is the threshold that you wont wanna pass, if you are able to make it smaller, by all means |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by Blockus: 9:42pm On Aug 29, 2014 |
hmm.. |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by Booty4me: 9:45pm On Aug 29, 2014 |
ayusco85: Hmmm sign of end time....na wu plant dis yam? Lool pussii yam |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by BestNaija(m): 9:46pm On Aug 29, 2014 |
[size=28pt]20% or less.[/size] 1 Like |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by ayusco85(m): 9:47pm On Aug 29, 2014 |
alaladakosta: . Lol |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by Fhemmmy: 9:47pm On Aug 29, 2014 |
rydeorsail: your one month salary should be able to pay for your yearly accomodation+feeding allowances for the family..that way you have savings for investments etc You mean 1/12th should pay a yearly rent, that will be low oh |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by Nobody: 9:47pm On Aug 29, 2014 |
20% for me. 1 Like
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| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by odiyaka(m): 9:48pm On Aug 29, 2014 |
summation of your 2 months salary should be OK. it also depends on ow much u earn and what part of the country u stay. your 2 months salary may get u a very beautiful n comfortable 3 bedroom apartment in kaduna for instance and the same may not in abuja. |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by ayusco85(m): 9:49pm On Aug 29, 2014 |
Booty4me: Choi  1 Like |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by GoodFaith: 9:51pm On Aug 29, 2014 |
30%of ur income should be for rent or mortgage Most people go to rent or mortgage are about 40% |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by rukyboy(m): 9:52pm On Aug 29, 2014 |
10 percent of your annual gross income! 1 Like |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by Nobody: 9:52pm On Aug 29, 2014 |
Olumidzti: that's too much. For instance, don't you think a man earning 100k monthly (1.2m annually) & and paying 30k (360k annually) for house rent is living above his means? How much will he spend on feeding, clothing, transport, fuel (if he has a car or uses a gen, or uses both), school fees (if he has children)? How much will he save? when will he build his own house? 30% could only be justifiable if the house is located at a place where none of the family member will spend on transport or if the man is single, doesn't plan to have a family, doesn't plan to build his own house.30% is justifiable based on environment and with 100,000pm , one bedroom flat of 300k per annum is ideal or a self contain of 200k constituting 30-20% of your income while u still have 900/800k to determine your life .... Environment matters and tis not a bad idea to spend extra cash in securing accomodation in a protected, organised and sane environment ...... A working class shouldn't live where you are the only working class , area primarily dominated by students and all these market women, etc ( to avoid stories that touch) I prefer living in an environment characterised by people beyond me, just to secure accomodation within your own level and get motivated constructively. 5 Likes |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by Bawss1(m): 9:54pm On Aug 29, 2014 |
OP come and ask this question in Abuja first. All the people saying 20-30% will not survive in Abuja. 2 Likes |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by GoodFaith: 9:55pm On Aug 29, 2014 |
meforyou1: Op, your question is hypocritical. I am a federal employee, and earn same with every other of my colleague in any part of this country. But my annual rent in abuja for 3 bedroom is about 2 million, while my colleagues pay about 150 thousand to 250 in 3 bedrooms and duplexes they live in other parts of Nigeria.The issue is with the dumb way Nigeria government do thing In the develop people in the same level make the same pay But cost of living is built in to different region 1 Like |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by amynoacid(m): 9:55pm On Aug 29, 2014 |
MRbrownJAY: @OP@op kindly tend to the question above then we could give an helping answer. |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by Nobody: 10:01pm On Aug 29, 2014 |
D amount of ur rent na 'anytin u get' ?  u supos knw d exact money wey u go pay na  1 Like |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by iph0neb0t: 10:03pm On Aug 29, 2014 |
33% |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by Bryan12(m): 10:06pm On Aug 29, 2014 |
Am Learning |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by olaayodele(m): 10:07pm On Aug 29, 2014 |
10% is ideal.May be because I am a low income earner. I'm spending just that on my 3 bedroom apartment here in the north. 5 % may not be ideal for me considering the size of my family |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by Nobody: 10:07pm On Aug 29, 2014 |
9jageek: Rent should be one quarter 1/4 of earnings..=25% |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by allanphash7(m): 10:07pm On Aug 29, 2014 |
the state you base determine how much you pay cos you dont expect somebody working in the same organisation with you that you are place on the same salary who lives in abuja and you that live somewhere in oshogbo who both live in 3bedroom flats pay the same amount. u garrit? Adventurist: Hello house, please what percentage of one's annual earnings should constitute your house rent for a year? I am in the process of securing a nice accomodation however I jst want to make sure am not spending too much on the crib. Any financial planner in the house kindly assist. |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by Jarus(m): 10:10pm On Aug 29, 2014 |
For me |
| Re: What Percentage Of Your Annual Earning Should Be Paid As House Rent Per Annum by richtubor: 10:11pm On Aug 29, 2014 |
One month income. One twelveth should be sustainable. 2 Likes 1 Share |
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