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What Percentage Of Your Salary Goes For Rent? - Family (3) - Nairaland

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Re: What Percentage Of Your Salary Goes For Rent? by MrDoGood(m): 7:25pm On Apr 29, 2023
Viking07:
The average Abuja salary starts from 50-70k. 100k is considered a good pay in Abuja. Now which part of Abuja can you rent a decent 1 bedroom apartment with 200k(2 months salary)?

Nigerians in general are suffering from hyperinflation but nobody cares. Price of items keeps going up while salary remains constant. People now use their 3-5 months salary to pay as rent. In gwarimpa. A selfcon is between 900k-1m. How many Nigerians earn 500k monthly? Lol how many can even boast of 200k saved in their accounts at any point in time? We’re joking in this country.


You've said it all.

Nothing to add.
Re: What Percentage Of Your Salary Goes For Rent? by Akwamkpuruamu: 7:25pm On Apr 29, 2023
I no get salary but each work I do, about 10% of it gets into salary if calculated on monthly basis
Re: What Percentage Of Your Salary Goes For Rent? by 9free(m): 7:25pm On Apr 29, 2023
elipheleh:


Lol. I know it sounds crazy. I work 2 jobs

Job 1. CONTEC Global. We produce expertraits CERPAC cards for the Nigerian Immigration service. Google CONTEC. The salary is very very small. Not up to 150k in naira monthly.
Job 2. Second job is programming job for a USa company. Salary is 4k US Dollar (ie 3 million naira) monthly. Soon to be increase to 8k monthly.
You are not doing badly at all.

1 Like

Re: What Percentage Of Your Salary Goes For Rent? by Kellie069(m): 7:26pm On Apr 29, 2023
I don’t receive salary! Paying over 400k excluding light and security.
Re: What Percentage Of Your Salary Goes For Rent? by thuxzwda1: 7:28pm On Apr 29, 2023
Pussykills:
Please I need sincere inputs. Those leaving with someone, please don't derail this thread. Just read an learn.

I'm planning on relocating to new area in Abuja but I'm really confused if 20% of salary is too much to pay for rent.

Where I currently stay lacks some amenities and I pay 10% of my salary for rent.

What percentage of your salary goes to rent? How much do you think should be the ideal percentage of salary for rent??

I think the right percentage would allow for proper saving to allow one build his or her own apartment.

Thank you for your responses.



What if you pay your rent monthly....
Re: What Percentage Of Your Salary Goes For Rent? by Nobody: 7:28pm On Apr 29, 2023
elipheleh:
My 5 days salary pays my rent for the year.

By the way my rent is 500k a year.

And I've been earning 3M monthly and believing God for 6M per month soon.
God Abeg oo

2 Likes

Re: What Percentage Of Your Salary Goes For Rent? by Olaolex: 7:28pm On Apr 29, 2023
Seagodess:
Anty... make i tell you something?
Abeg tell am o

1 Like

Re: What Percentage Of Your Salary Goes For Rent? by LORDKing001: 7:32pm On Apr 29, 2023
turmacs:
How many times una wan ask this question? Something a simple Google search can answer. Multiple threads that made front page have created on this same topic but one stupid mod still decided to push this to FP. All of una for this forum they mad....Don't go and plan on how to start building your own house you hear? Idiot. Dey ask percent of your salary wey you go pay as rent, rubbish man. Na your mate dey build mansions for festac up and down and Marry young women like us at an early age. You still dey pay rent, nonsense. Stupid men like you are the reason a lot of beautiful young woman like us are not married yet.
You d ment

1 Like

Re: What Percentage Of Your Salary Goes For Rent? by Jolly1010(m): 7:33pm On Apr 29, 2023
8.5%
Re: What Percentage Of Your Salary Goes For Rent? by barajo1(m): 7:34pm On Apr 29, 2023
Less than 5%
Re: What Percentage Of Your Salary Goes For Rent? by Today007: 7:36pm On Apr 29, 2023
3% of my earnings. I invest 70% of my earnings. I want to retire early o

2 Likes

Re: What Percentage Of Your Salary Goes For Rent? by aikyg(m): 7:36pm On Apr 29, 2023
Your salary for one month should be able to pay your rent for a whole year.

3 Likes

Re: What Percentage Of Your Salary Goes For Rent? by Nice2023(m): 7:38pm On Apr 29, 2023
turmacs:
How many times una wan ask this question? Something a simple Google search can answer. Multiple threads that made front page have created on this same topic but one stupid mod still decided to push this to FP. All of una for this forum they mad....Don't go and plan on how to start building your own house you hear? Idiot. Dey ask percent of your salary wey you go pay as rent, rubbish man. Na your mate dey build mansions for festac up and down and Marry young women like us at an early age. You still dey pay rent, nonsense. Stupid men like you are the reason a lot of beautiful young woman like us are not married yet.




Why are u angry?,people learn faster when making topical contributions like this but u just get angry for nothing because u have nothing meaningful to say.


Go and read the richest man in Babylon and see how community learning made people to unlearn old financial habits.

4 Likes 1 Share

Re: What Percentage Of Your Salary Goes For Rent? by lavylilly: 7:40pm On Apr 29, 2023
grin
efficiencie:


Is that consultant a Nigerian? Two months salary equals rent could be devastating, particularly if you add, feeding, transport, service charges at home, wifey is a full time housewife, Buhari or Tinubu is president, Elemiewele is still CBN governor and there are tons of side chicks contending for the small change wey you get.
Re: What Percentage Of Your Salary Goes For Rent? by lavylilly: 7:41pm On Apr 29, 2023
My yealy rent is about 22% of my annual income. I live in a 2 bedroom apartment in Alimosho LGA, Lagos. The environment is decent and I look forward to becoming a landlord in the same area. All the other tenants knew somehow that I don't belong among them. Living below your means is possible sometimes but the pressure is high & I wasn't "really comfortable" either. All depends on you & your goals.

Nigeria will humble you..the cheap house you're looking for does not have vacancy in the location where you work, now what do you do? and even the pay for the job can't meet your needs 50%..the system is happening to all of us, that's just the truth.. how many jobs pay over 100k today
Pussykills:
Please I need sincere inputs. Those leaving with someone, please don't derail this thread. Just read an learn.

I'm planning on relocating to new area in Abuja but I'm really confused if 20% of salary is too much to pay for rent.

Where I currently stay lacks some amenities and I pay 10% of my salary for rent.

What percentage of your salary goes to rent? How much do you think should be the ideal percentage of salary for rent??

I think the right percentage would allow for proper saving to allow one build his or her own apartment.

Thank you for your responses.

3 Likes

Re: What Percentage Of Your Salary Goes For Rent? by HitRun(m): 7:43pm On Apr 29, 2023
35%.

The percentage alone won't tell an accurate story. 35% of 1million is 350k. Meaning one has 650k for other things. Meanwhile 10% of 500k is 50k, leaving 450k for other things. Your income is as important as the percentage you spend on rent. Therefore, no single percentage should be regarded as the figure to peg your rent. If your income is 500k, 5% is better than 10% while someone with 1million income wouldn't mind 10-15%.

6 Likes

Re: What Percentage Of Your Salary Goes For Rent? by lavylilly: 7:44pm On Apr 29, 2023
Remina:
Please if anybody can help me with any little amount to eat I will be very happy. Feeding is a big problem for me and my family please no matter how small. I havent eaten anything since yesterday in the morning pls. My dad is a retired teacher and my mom is late. Am a single mother with my own son mouth to feed, the little money i make have use it to cater for my dad illness and pay house rent but his health is getting worst. Now we can't even eat or buy water to drink. Please if you're reading this message pls come to our aid, no matter how small it will go a long way pls. May God meet you at the point of your need as you have show us mercy amen

Acct num:
318747
8996
Faith
First Bank
don't you have pastors, friends, family members or colleagues?

1 Like

Re: What Percentage Of Your Salary Goes For Rent? by lavylilly: 7:44pm On Apr 29, 2023
xpressionx:
I already bought my own house.

I wan sell am jakpa final from Nigeria,make I just dey observe
How much?
Re: What Percentage Of Your Salary Goes For Rent? by lavylilly: 7:45pm On Apr 29, 2023
SultanOfAbia:
You can convert your sienna into bed and sleep inside it with doors locked.
Sienna way big pass some people living room.

In USA people sleep and live inside their cars for months and save up money.

If your car is tinted, even better for you
At night after every every,
you just collapse the seats and turn it into bed and sleep inside with doors locked. For the single ones it's much easier.
Save up your salary till it's enough to buy house



Mosquito go finish you
Re: What Percentage Of Your Salary Goes For Rent? by Gentew(m): 7:45pm On Apr 29, 2023
efficiencie:


Is that consultant a Nigerian? Two months salary equals rent could be devastating, particularly if you add, feeding, transport, service charges at home, wifey is a full time housewife, Buhari or Tinubu is president, Elemiewele is still CBN governor and there are tons of side chicks contending for the small change wey you get.

Side chick is my major problem
Re: What Percentage Of Your Salary Goes For Rent? by lavylilly: 7:47pm On Apr 29, 2023
staga:


Someone earning 100k a month in Abuja has no business living in Gwarinpa or anywhere inside town. Maybe in Nyanya or Mararaba or Lugbe or Kubwa.

It is just that we do not have a culture of riding bicycles in Nigeria and bicycle lanes were not created the way you have them in places like Utrecht, Netherlands. Otherwise, we should all be cycling and forget plying of buses and paying all kinds of transport fares.

You get your house in a cheaper location, and you cycle to work and back. It will also help to reduce the traffic. If I was the president, I would introduce a vehicle schedule where those whose names start with a particular alphabet can only be allowed to drive on certain days.
aonce they remove subsidy watch people will resort to bicycles
Re: What Percentage Of Your Salary Goes For Rent? by lavylilly: 7:48pm On Apr 29, 2023
9free:


Net monthly or net annual?
Net annual
Re: What Percentage Of Your Salary Goes For Rent? by lavylilly: 7:48pm On Apr 29, 2023
kingreign:


Do you know how much it cost to rent a 1bedroom in Kubwa or Lugbe?
Lol.

I doubt you do.

Las las we go dey alright.
inside Gbesa it 250k two bedroom.
Re: What Percentage Of Your Salary Goes For Rent? by lavylilly: 7:50pm On Apr 29, 2023
mployer:
If you earn 200k in Lagos you may think you have arrived, but 600k won't get you decent apartment in good location.

This is 3 months salary oo!
inside Bariga or inside Igando, ibeshe in Ikorodu or Ajuwon axis you will see 3-bedroom for 200k

2 Likes

Re: What Percentage Of Your Salary Goes For Rent? by 96ACE: 7:51pm On Apr 29, 2023
21%
Re: What Percentage Of Your Salary Goes For Rent? by elipheleh(m): 7:52pm On Apr 29, 2023
9free:

You are not doing badly at all.

Na Jesus Christ run am for me.
Just 2 years ago I was in premium poverty and lack:

* I borrowed to marry. I couldn't even pay once or twice or even thrice. It was paid in installments.
* I couldn't not afford hotel for honey moon.
* I could not afford hospital fee for delivery.
* I could not afford house rent.
* Even feeding sef was war

I begged for all these things.

I joined an online prayer platform (NDPPD LIVE ) on youtube every 7am from Monday to Fridays. where I prayed my hearts out, in less than a year, Jesus Christ turned my life story around.

8 Likes

Re: What Percentage Of Your Salary Goes For Rent? by Paramount01(m): 7:53pm On Apr 29, 2023
Diligent1:
100% of my one month salary for a year rent, I can't kill myself with responsibilities.
I read it somewhere from a financial consultant that a year rent should not pass your 2 months salaries.


Your salary or Total income
Re: What Percentage Of Your Salary Goes For Rent? by Xammie001(m): 7:55pm On Apr 29, 2023
What i do is ADD my Leave allowance plus 1 month salary to pay for my house rent


Obavoh:
I live in my own personal house with my family. The only thing I spend on is minor repairs and here and there.

I believe you shouldn’t use more than 2 months salary to pay rent.

Invest in a land as cheap as possible even if it is in a rural area. You can lease it to someone to farm on if you are not financially buoyant to start building.

You also don’t have to wait till you have millions to build, start a little project such as a 2 bedroom, you will never regret it

2 Likes

Re: What Percentage Of Your Salary Goes For Rent? by Loyalty1: 7:57pm On Apr 29, 2023
turmacs:
How many times una wan ask this question? Something a simple Google search can answer. Multiple threads that made front page have created on this same topic but one stupid mod still decided to push this to FP. All of una for this forum they mad....Don't go and plan on how to start building your own house you hear? Idiot. Dey ask percent of your salary wey you go pay as rent, rubbish man. Na your mate dey build mansions for festac up and down and Marry young women like us at an early age. You still dey pay rent, nonsense. Stupid men like you are the reason a lot of beautiful young woman like us are not married yet.
Are you sure that your are mentally OK?

1 Like

Re: What Percentage Of Your Salary Goes For Rent? by Xammie001(m): 7:58pm On Apr 29, 2023
IKORODU traffic will cut short one's life,I reside in Odoguyan though and a 3 bedroom apartment in some area with steady light are 350k to 400k, so i've decided to move to OGUDU GRA

lavylilly:
inside Bariga or inside Igando, ibeshe in Ikorodu or Ajuwon axis you will see 3-bedroom for 200k

2 Likes

Re: What Percentage Of Your Salary Goes For Rent? by Aduke96: 7:58pm On Apr 29, 2023
Any angel should please help a fresh graduate with a paying job at osogbo.
I really need to survive.
God bless!
Re: What Percentage Of Your Salary Goes For Rent? by smasher1(m): 7:58pm On Apr 29, 2023
Pussykills:
Please I need sincere inputs. Those leaving with someone, please don't derail this thread. Just read an learn.

I'm planning on relocating to new area in Abuja but I'm really confused if 20% of salary is too much to pay for rent.

Where I currently stay lacks some amenities and I pay 10% of my salary for rent.

What percentage of your salary goes to rent? How much do you think should be the ideal percentage of salary for rent??

I think the right percentage would allow for proper saving to allow one build his or her own apartment.

Thank you for your responses.

Below 10% of annual salary. Fact, below one month salary.

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