KillIgbohoN0W:
Not more than 3 months' salary.
Anything more and you're living beyond your means.

htdot:

30% is too much... your rent shouldnt be more that 23% of your annual income.

obamartins:
My rent is less than 20% of my monthly income and it is a three-bedroom flat. But e far from the main road well well . Some people will visit me and be like, "the house is far from the major road." I tell them in my mind not to visit me, I no invite una. I can't afford to be working for the Landlord every year.

I live in a city where the closer the building is to a tarred road or a major road, the higher the rent. As if naa the Landlords build the road. Mtheew.

PHIPEX:
My rent is currently 8% of my income. I don't think anyone should cross 20% otherwise, you might not be able to save anything in a year as a family person.

damosky12:



Less than 20 percent. Inside the bush.
Boss. This is low-key ijebu sturves.

jojofola:
Make una leave all this kind talk abeg

Let people live whichever life suits them, no be pikin dey rent house.

Michelle70:
Use the 50:30:20 strategy

Newboss:


Have you considered how much the person earns?

What about the person's expenses?

What about the cost of renting in the state/country?

These are variables that could allow one to spend over 70% on rent and not feel shît. And no, they won't be living above their means. When it comes to means, context is everything.

Percentage is not an exact figure. Percentage depends on context

hofeshhomes:

OgunkeelAllMod:
he might be one those certificateless ,ill educated quota system thing you know, there are many of his kind in various ministries ,department and agencies,trust me. especially if na abok1 ..forget it, it got NOTHING to do with God, many things is wrong with the fraudulent setup called Nigeria. If you know, you know

Michelle70:
Use the 50:30:20 strategy

hofeshhomes:

obembet:
If your one month salary cannot pay your rent, then u need to change your house.

CodedWealth:
Well following the normal money rule,

It is stated at 30%..

But in reality, divide your rent into 12 and save 1/12 monthly...

And this should be your tradition monthly...

Let's see my rent is 100k

And I am doing a job of 100k per month...

I'm supposed to save at least 8K monthly

For rent...



If your rent is above 30% of your salary monthly, then indirectly you are working for the house owner whether you aware of it or not

Itsrm:
My rent is 5.3 percent of my annual salary and 3.1% of annual income.

This has made me the darling of my landlord because I find it easy to pay and pay him promptly

Mynd44:
Your rent should not Be more than 30% of your annual income. Anything else is a waste of time except you want to be hiding from your landlord

And you should always removed the 30% immediately you get paid. Save it is piggyvest, cowrywise or those banks that allows you do targeted savings

Mynd44:
Your rent should not Be more than 30% of your annual income. Anything else is a waste of time except you want to be hiding from your landlord

And you should always removed the 30% immediately you get paid. Save it is piggyvest, cowrywise or those banks that allows you do targeted savings

AgentGoat:



This sentence ' your rent should not be more than your 3 months salary'. Is it that you won't feed and do other necessary living expenses for 3 months and just transfer the money to the landlord?

Most people on salary Jobs are just working for their landlords year in year out.

hofeshhomes:

OgunkeelAllMod:
Bruv, I don't understand what you mean by MAJORITY of Nigerians earning up to 200-300k per what? Have you forgotten minimum wage? Hmm, many Nigerians in big cities like Abuja,, Lagos, etc live in shanties, shacks, ghetto3, slums, suburbs! A helluva lot! Check out during close of the day traffic direction. Thousands of cars, okada, keke heading out of the city center (with Quarters, estates, duplexes, apartment block, condos, pent houses etc) to those destination I mentioned. That's the Actual reallty. Majority of the guys and babes you see well dressed live in most of these low budget areas where rooms are gotten for as low as 3k per month Public house, so to say, and many are struggling even to meet up with that meager amount! Some people (guys and babes) like 2 to 3 in a single room ..most Nigerians live miserably o

Michelle70:
Use the 50:30:20 strategy