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by radicaledward 3450 days ago
If your rent is more than 30% of your income and you are between the ages of 25 and 34, you are normal (46% of the renting population). Even at above 50% your rent to income ratio is still fairly common (23%). Having a rent to income ratio above 30% is also correlated with having an income that is very low [1].

If you are at 30%, you are also meeting one of the most common recommendations in personal finance (regardless of whether that recommendation is _good_ or not).

It seems obvious to me that recommendations of either moving or finding additional housemates both can have significant short and long term negative impacts on financial stability, emotional, and physical health (I didn't bother looking for a source for this because this is hacker news not a dissertation).

1. https://www.earnest.com/blog/rent-and-the-30-percent-rule/ which cites http://www.jchs.harvard.edu/sites/jchs.harvard.edu/files/jch...

1 comments

I didn't say it was uncommon I said it was too much.

I would think the feeling that you're never getting ahead will have a more negative mental health cost than a housemate ever will.