we are at about 28% it would be less but we have extremely high utulites in my small town the only good thing is we are a self sufficient town we don't rely on the major utility company here.
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I didn't read the question first fully because I just considered the first and second mortgage (for home repairs) it would be right at 20% take home. BUT when you add in utilities it would go a little above 20% but less than 25%.
14%. Including an average of the following: water, electricity, gas, phone, taxes and insurance.
Our cost of living is very low here, and DH and I both have well paying jobs.
Wow...I was pleasantly surprised! When we got our mortgage, I think we were at 28% of GROSS pay for the mortgage alone - within the guidelines. Now with this, we're at 22%, and that covers mtg, ins, taxes, utilities.
Guess that means it's other things eating us alive! Like credit cards and GAS!
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