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Nairaland Forum / Nairaland / General / Family / What Percentage Of Your Salary Goes For Rent? (27759 Views)
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Re: What Percentage Of Your Salary Goes For Rent? by walexsho(m): 7:59pm On Apr 29, 2023 |
Remina:you dey craze na everyday you dey find something to eat on every thread 3 Likes 1 Share |
Re: What Percentage Of Your Salary Goes For Rent? by PotatoSalad(m): 8:00pm On Apr 29, 2023 |
elipheleh:Omo naira useless sha. Convert am to USD and you will cry. 3m is 4k USD. That means you're making 48k usd yearly. Still below the median income in US. But you're among the top 1% in Nigeria. Nice but sad 3 Likes 1 Share |
Re: What Percentage Of Your Salary Goes For Rent? by Loyalty1: 8:02pm On Apr 29, 2023 |
elipheleh: 2 Likes |
Re: What Percentage Of Your Salary Goes For Rent? by Kelvindate(m): 8:03pm On Apr 29, 2023 |
[quote author=elipheleh post=122829002] Lol. I know it sounds crazy. I work 2 jobs Job 1. CONTEC Global. We produce expertraits CERPAC cards (Combined Expertraits Residence Permit and Aliens Cards) for the Nigerian Immigration service. It is the Nigerian residence permit and work permit for foreigners living and working in Nigeria. Just Google the company 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. I work remotely. Salary is 4k US Dollar (ie 3 million naira) monthly. Soon to be increased to 8k monthly. Modified I return all the glory to Jesus Christ. He is the doer. [/quote Wow. Can you tell me how you are able to manage your time to acheive this coz I tried working 2 jobs 1 remote and 1 onsite. Please tell me how you manage your time? |
Re: What Percentage Of Your Salary Goes For Rent? by ufotty2001: 8:04pm On Apr 29, 2023 |
Obavoh:Thanks for this advice. I bought a plot of land. I always have the mentality that u most save huge amount of money before u start building.. 1 Like 1 Share |
Re: What Percentage Of Your Salary Goes For Rent? by smasher1(m): 8:04pm On Apr 29, 2023 |
Viking07: What is anyone with below 100k salary doing in a one bedroom apartment? With 100k or below your highest apartment should be 120k |
Re: What Percentage Of Your Salary Goes For Rent? by kingreign(m): 8:15pm On Apr 29, 2023 |
lavylilly: Where is Gbesa? |
Re: What Percentage Of Your Salary Goes For Rent? by mployer(m): 8:17pm On Apr 29, 2023 |
lavylilly: I said good location. The places you mentioned are not good locations. Moreover you can't get 3 bedroom for 200k anywhere in Ikorodu, let alone Bariga. 2 Likes |
Re: What Percentage Of Your Salary Goes For Rent? by evictor305: 8:23pm On Apr 29, 2023 |
Your rent should not pass what your 3 or 4 months net salary can cover. That means if your net monthly salary is 100k, your rent should be between 300 or 400k max (Note: NET salary o). That means you will have to be saving 25k out of the 100k to meetup with your annual rent. That's around 25% of your net salary. Hope you understand |
Re: What Percentage Of Your Salary Goes For Rent? by Rubbiish(m): 8:31pm On Apr 29, 2023 |
Viking07:This is a realistic post Those saying 2 months salary for rent, I wonder where they are living, certainly not in a place like abuja. Even in the FCT, u can't get a decent accommodation for less than 400k/500k. The likes of garki & maitama are for politicians 1 Like |
Re: What Percentage Of Your Salary Goes For Rent? by malcom1X: 8:33pm On Apr 29, 2023 |
elipheleh: This story isn't complete if you didn't tell us the part where you learnt programming and what programming language. |
Re: What Percentage Of Your Salary Goes For Rent? by ufotty2001: 8:33pm On Apr 29, 2023 |
I earn up to N700k per month but my rent is not up to 10% of that amount.. am currently planning to build my house although. 1 Like |
Re: What Percentage Of Your Salary Goes For Rent? by Paramount01(m): 8:34pm On Apr 29, 2023 |
Oyerinde16: For which city you base |
Re: What Percentage Of Your Salary Goes For Rent? by ERCROSS(m): 8:35pm On Apr 29, 2023 |
elipheleh: Bros, where you dey live? I wan Kon visit you |
Re: What Percentage Of Your Salary Goes For Rent? by HeartlessMan: 8:36pm On Apr 29, 2023 |
I don't pay house rent. I live in my shrine. Come. A trial will convince you.
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Re: What Percentage Of Your Salary Goes For Rent? by Rubbiish(m): 8:38pm On Apr 29, 2023 |
staga:I am afraid there is almost no cost difference between house rent in gwarinpa & lugbe/kubwa of recent. 2 Likes |
Re: What Percentage Of Your Salary Goes For Rent? by Neddyogu(m): 8:38pm On Apr 29, 2023 |
U should be able to save up for ur rent in 3 months max. If not, u are living in an apartment u can’t afford. |
Re: What Percentage Of Your Salary Goes For Rent? by HarunaWest(m): 8:39pm On Apr 29, 2023 |
26% |
Re: What Percentage Of Your Salary Goes For Rent? by caandi: 8:41pm On Apr 29, 2023 |
elipheleh:I tap into this grace for my baby brother and more as he studied computer science and is undergoing his programming skills/courses I praise God for you You’re doing well 2 Likes |
Re: What Percentage Of Your Salary Goes For Rent? by staga: 8:41pm On Apr 29, 2023 |
kingreign: I am no longer in tune with the prices. It used to be 800k in Lugbe when I left Naija in 2019. |
Re: What Percentage Of Your Salary Goes For Rent? by Darkandhandsom(m): 8:42pm On Apr 29, 2023 |
Lie lie people everywhere I earn 40 million monthly |
Re: What Percentage Of Your Salary Goes For Rent? by Mexyz(m): 8:42pm On Apr 29, 2023 |
70% of my one month salary takes care of my annual rent. 2 Likes |
Re: What Percentage Of Your Salary Goes For Rent? by akpumping7720(m): 8:44pm On Apr 29, 2023 |
A friend is earning 85k per month. But his side hustles give him additional 160k every month. He wants to move into an apartment of 500k per annum. We advise him to peg his rent to his constant monthly salary instead of the side hustles that can be bursted at anytime. Bba refused sha 1 Like |
Re: What Percentage Of Your Salary Goes For Rent? by kingreign(m): 8:50pm On Apr 29, 2023 |
staga:E go don Dey do 1.5m there for trademore. |
Re: What Percentage Of Your Salary Goes For Rent? by LaSenior: 8:50pm On Apr 29, 2023 |
SultanOfAbia:I went for charter service with my seinna and it was a two night movement I folded my small camp bed inside the boot when we got to the destination everyone came down for what they came for in the night I removed all the chairs out of the car spread my bed inside on the car ac for 1hr because it was night the AC worked at a chilling pace Omo be small experience oooo |
Re: What Percentage Of Your Salary Goes For Rent? by dfrost: 8:52pm On Apr 29, 2023 |
turmacs: na fight? 1 Like |
Re: What Percentage Of Your Salary Goes For Rent? by ukaface(f): 8:53pm On Apr 29, 2023 |
27% |
Re: What Percentage Of Your Salary Goes For Rent? by adekS1(m): 8:58pm On Apr 29, 2023 |
Diligent1:This Consultantbadvice is not for Lagos ppl |
Re: What Percentage Of Your Salary Goes For Rent? by chiboycue: 8:59pm On Apr 29, 2023 |
Pussykills: It depend on your status. If you are single man then it would be good to settle for a self contain apartment, preferably at the out skirt of Abuja and rent could be N150,000 - N200,000. If you are married without kid then one room apartment could be okay for you and budget N300,000 - N350,000 for it but if you are married with children then two bedroom apartment and a budget of N500000 -N700,000 If you salary is say N150000 and you get a self contain of say N150,000, you may need to use like two months of you salary to pay for the rent cos you need to pay for agent fee as well and so you may end up paying N165,000. If you looking for an accomodation of N150,000 then you must be earning N1,500,000 as monthly salary to be thinking of paying 10% of your salary as rent and is hard to earn such a salary. At time if you are looking for accomodation, don't look at the percentage of salary that it would cost you, rather look at what you can afford to pay and whether you can renew the rent after a year. 1 Like |
Re: What Percentage Of Your Salary Goes For Rent? by ElijahIme1992(m): 9:00pm On Apr 29, 2023 |
turmacs:looool marriage no be poverty alleviation program, if ur guy no get money marry u nothing dey stop u from hustling to marry am, abi u no get hand and leg? 3 Likes |
Re: What Percentage Of Your Salary Goes For Rent? by yemmit90: 9:03pm On Apr 29, 2023 |
HRSweetness: Is like you don't know that alot of jokers and unrealistic people full Nairaland. Except you earn 300k and above, there is no way your 2 months salary will cover your rent if you stay at city centre. Some in the name of cutting cost will get cheap apartments at remote areas and end up spending ×2 of the same rent on transportation. 5 Likes |
Re: What Percentage Of Your Salary Goes For Rent? by ElijahIme1992(m): 9:03pm On Apr 29, 2023 |
chiboycue:Oga u no do maths, how can somebody earning 1.5 million struggle to pay rent of 150000 naira, I just hope say na typographical error.. 1 Like |
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