You are now leaving the Turn2us site. Turn2us is not responsible for content on third party sites.



How much should you be spending on rent?

  • 13/10/2017
  • Author:Liam.Evans@turn2us.org.uk

Affordable housing should cost no more than 35% of your post-tax income

Row of houses

The overall proportion of the population living in rented accommodation has risen to 35%, reports the Institute for Fiscal Studies (IFS).

The average rent paid nowadays is 53% higher than in the 1990s in London, and 29% higher in the rest of Britain.

Housing charity Shelter defines affordable housing as ‘no more than 35% of your household income after tax and benefits’.

However the average household now spends 42% of their income on rent. This rises to 72% in London.

The young and people on low incomes are hit hardest by unaffordable rents. Workers under 30 spend around half of their income on rent.

So how much should you be spending?

  • If you earn £10,000 after tax and benefits you should be spending £291.60 a month on rent for yourself.

  • If you earn £15,000 after tax and benefits you should be spending £437.50 a month on rent for yourself.

  • If you earn £20,000 after tax and benefits you should be spending £583.30 a month on rent for yourself.

  • If you earn £25,000 after tax and benefits you should be spending £729.15 a month on rent for yourself.

  • If you earn £30,000 after tax and benefits you should be spending £875 a month on rent for yourself.

If you are struggling, help with housing costs are available.

You can use the Turn2us Benefits Calculator to see what benefits you are entitled to.

You can also use the Turn2us Grants Search to find a charitable fund that can help.

Anything wrong with this page?

Tell us the problem

Please enter your name
Please enter a valid email address
Please enter what you were doing
Please enter what you'd like to report
Please enter the security code shown
Close

Thank you

If you would like to tell us more please visit our contact page

Close