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How Much Should Be Your House Rent To Your Salary. - Family - Nairaland

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How Much Should Be Your House Rent To Your Salary. by Paradise2015(m): 12:27pm On Mar 12, 2023
I earn #250 as gross salary and #210 as net. My current house is rent #20k per month for one bedroom apartment and I spend average of #10 to #12k on transportation monthly. I was thinking of getting another apartment soon and this are my options, In my current area we have #20k for one bedroom apartment and #25k for two bedroom not new houses, as new house cost additional 5k for each. While there is a new building very close to my office no transport cost and #35k per month for a two bedroom apartment. Houses are hard to find close to my office and you have to pay extra minimum of #5k compared to my current location.
Note I have a wife and a daughter of 8months.
How much should one pay as house rent compared to your salary and Choices.
Kindly give reasons for any of the options.
Re: How Much Should Be Your House Rent To Your Salary. by eddynaira125: 1:11pm On Mar 12, 2023
The one closer to your office is good, provided you can afford it


Your Area. 25,000 for new house

Close to office. 35,000. For New house


Difference of #10,000

Road Accident. 0%

Please take this one closer to your office, if not that you are marry, u could have been able to give one of the bed room out

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Re: How Much Should Be Your House Rent To Your Salary. by Jamesbiodun(m): 1:30pm On Mar 12, 2023
With your transport that is 32k per month, I think you should get the one close to your office though

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Re: How Much Should Be Your House Rent To Your Salary. by JUMO95: 5:58pm On Mar 12, 2023
being able to have easy access / transportation is always important.. when you consider the money, its just a little sacrifice for convenience

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