40% of net income spent on housing

When it comes to the costs of housing, the range of answers is wide: while every fifth European only spends up to 20 percent of their income on housing, the top 9 percent state that they are spending between 70 and 90 percent.

Income spent on housing

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Income spent on housing (country comparison)

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Not surprisingly: those who rent their homes spend more than those who own their homes.
Income spent on housing (rented vs owned)

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On average, Europeans would spend a maximum of 40 percent of their net income on housing. This is nearly the same amount of money they are already spending. The highest percentage is shown in Spain and the United Kingdom (50 percent on average), with the lowest in Switzerland and Slovakia (30 percent).
It seems that Europeans have already reached their limit when it comes to housing costs. But looking closer at the details of the survey, it shows that Europeans would be willing to pay a little more if they were to receive better
living conditions in return.

Income spent on housing (current vs potential)

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40% of net income spent on housing