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11-25-2015, 04:21 PM
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#21
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Thinks s/he gets paid by the post
Join Date: Feb 2010
Location: Cavalier
Posts: 2,317
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I am in small town ND in an 865 sq ft house with finished basement and attached garage. My expenses for everything except food and transportation is just over $600 per month.
EDIT: Just realized I hadn't included cell phone so the right number is just over $700 per monthh.
__________________
"Don't take life so serious, son. It ain't nohow permanent." Pogo Possum (Walt Kelly)
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11-25-2015, 05:04 PM
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#22
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,743
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2900 SQ Ft Townhouse 30 miles south of Boston .
I agree with others who stated that comparing housing costs in different states is suspect but here are our cost:
Prop Tax 5850
Gas/Electric 2760
Home Insurance 600 (Master insurance included in HOA fees)
HOA fees 4670 (Incl Water/Sewer/Landscape/Snow )
Phone/Cable/Internet 2400
Total $16280 annual or $1356 monthly
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11-25-2015, 06:04 PM
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#23
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
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2200'ish SF house on 3/4 acre lot in NW Burbs of Atlanta...
Category | Monthly | Yearly |
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Electricity | $132 | $1584 | Nat. Gas | $66 | $792 | H2O | $43 | $516 | Trash | $18 | $204 | Alarm | $25 | $300 | Internet/Cable | $133 | $1596 | Taxes | $73 | $1843 | Insurance | $157 | $683 | TOTAL | $627 | $7518 |
What amazes me is the cost of internet/TV. That's a mid-level package (no HBO or other premium channels) with U-Verse and includes a monthly credit of $60 that I haggled when my last contract came up for renewal.
I didn't include my cell phone. I just switched from Ting to Republic Wireless and it looks like that expense will run me about $13 a month.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
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11-25-2015, 10:46 PM
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#24
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,183
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Quote:
Originally Posted by dunkelblau
A hair under 2K/mon on a 1000sf apartment in southern California including rent, all utilities, and insurance. It's about 40% lower than what a similar place runs in my previous San Jose zipcode.
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Wow, before I retired in 2007, I was renting a decent 650-700 square foot one bedroom apartment in a great location in downtown San Jose and I was paying "only" $1000/month -- it was already getting under market rent by then. I left that place a couple of months after retiring. But rents exploded after I left.
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11-26-2015, 08:18 AM
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#25
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by W2R
Let's see.
2014 monthly average expenses, and 2014 totals, at my old house:
Category | Monthly | yearly |
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Utilities | $157 | $1884 | Property Tax | $80 | $959 | Insurance | $242 | $2904 | Maintenance | $100 | $1200 | Upgrades | $73 | $876 | TOTAL | $652 | $7823 | (Total minus utilities) | $495 | $5939 |
Utilities include electricity, natural gas, water, sewage, trash.
Insurance includes homeowners', flood, wind and hail (hurricane).
This house was a 1600 square foot brick home, 3 bedrooms, 2 baths, built in 1972. Property tax assessment was frozen due to being over age 65. I moved last summer and don't yet have any figures for my present home.
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I didn't include cable, landline, or cell phone, which added up to another $199/month in 2014. But I dropped cable TV and my landline since then. These expenses would remain the same no matter where I lived, so I don't see them as tied to the house so much as tied to my chosen spending patterns.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-26-2015, 09:21 PM
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#26
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Dryer sheet wannabe
Join Date: Feb 2015
Posts: 21
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It would be more interesting for me if the opportunity cost of the housing was included in the numbers reported here. For example, using 4% with $500K of equity would add $20K to the annual housing cost.
Just want to see how outrageous my $27K/year of rent is compared to others.
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11-26-2015, 11:34 PM
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#27
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Recycles dryer sheets
Join Date: Aug 2014
Posts: 94
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| MONTHLY | YEARLY | PROP TAX | 195 | 2342 | HOME INS | 61 | 732 | ELECT | 56 | 672 | WATER | 30 | 358 | GAS | 39 | 462 | INTERNET | 35 | 420 | WASTE | 30 | 360 | REPAIR | ? | ? | TOTAL | 446 | 5346 |
Just above 1700 SQFT, 3 bedroom, 1-3/4 bath with a pool in San Gabriel Valley, L.A. county. The pool is empty. No one uses it and I don't see the use of keeping it maintained year after year. I'm still paying $900/mo in mortgage for a couple more years. Once I'm done with the mortgage, I'll start doing repairs. Don't want to dip into 403B to do repairs.
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11-27-2015, 08:15 AM
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#28
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Full time employment: Posting here.
Join Date: Feb 2014
Posts: 731
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I'll play.
House: 2500 sq ft, 5 bd, 3 bath in San Diego
Mortgage: $1300/month, $15,600/yr
Insurance: $122/month, $1,464/yr
Property tax: $5200/yr
Electric: $0 (we have had solar since 2014 that offsets usage)
Gas: $20/month, $240/yr
Water/Sewage: $80/month, $960/yr
Maintenance: $2000/yr (for various repairs or upgrades)
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11-27-2015, 08:24 AM
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#29
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by BBQ-Nut
I'll play.
Mortgage: $1300/month, $33,800/yr
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You do opt to pay it monthly, right?
__________________
Numbers is hard
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11-27-2015, 08:34 AM
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#30
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Full time employment: Posting here.
Join Date: Feb 2014
Posts: 731
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yeah, bad calculation in excel..fixed above.
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11-27-2015, 08:42 AM
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#31
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Recycles dryer sheets
Join Date: Jun 2014
Posts: 337
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We live in 3400+ SQ Ft mid-rise condo. Taxes are just under $4000/yr. But, HOA fee comes to $14,000/yr which includes gas, water, trash, internet, expanded cable, all exterior and garage-common areas maintenance/insurance/doorman/security system. I always thought the HOA was high. But when you consider all that is included, I guess it isn't too bad.
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11-27-2015, 08:54 AM
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#32
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Quote:
Originally Posted by liberty53
It would be more interesting for me if the opportunity cost of the housing was included in the numbers reported here. For example, using 4% with $500K of equity would add $20K to the annual housing cost.
Just want to see how outrageous my $27K/year of rent is compared to others.
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Quote:
Originally Posted by Meadbh
1122 sq ft view condo. Quick back of the envelope calculation:
Condo fees: $300 per month, $3600 per year
Utilities: $600 per year
Internet and phone: ~$80 per month, $1000 per year
Property taxes: $900 per year
Insurance: $400 per year
Home maintenance: sporadic. Allow $500 per year.
Total: $7000 per year, or $6.23 per sq foot per year, or 14% of total lifestyle expenses.
All figures are Canadian dollars.
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Opportunity cost: no mortgage, $300K property. Assuming 4% ROI, that's $12,000. Total would be $19,000.
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11-27-2015, 08:55 AM
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#33
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
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In MN, I will pay $2,395.78 in 2016 for a property assessed at $228,300.
Your property tax is high, because you do not have income taxes. The revenue has to come from somewhere, income, property or sales taxes.
Taxes (2016) | ($200) | Insurance:Property | ($110) | Utilities:Gas | ($132) | Utilities:Electricty | ($175) | Utilities:Garbage | ($30) | Utilities:Water | ($25) | | | Total | ($671) |
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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11-27-2015, 09:10 AM
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#34
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,992
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I'll play as well.
Miraflores district of Lima, Peru
1700 sq ft Oceanview Penthouse (approx $360,000). Doorman building.
Taxes = $39
Maintenance = $175.00
cable,smartphone,internet=$66
Insurance = $0 , no weather,concrete does not burn, earthquakes, I laugh in the face of danger.
Utilities = $38.00
Maid = $267.00 for 6 days a week
Total $585.00
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11-27-2015, 07:29 PM
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#35
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Recycles dryer sheets
Join Date: May 2014
Posts: 485
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I'll join in. I have 2 homes. Ohio and Florida. No mortgages.
Ohio
3,100 sq ft 325k
6500 yr taxes
Florida
1,328 sq ft condo
210k
9,000 yr taxes and club fees, condo fees, Internet
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11-27-2015, 08:27 PM
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#36
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gone traveling
Join Date: Oct 2007
Posts: 1,135
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Was just looking at this recently.
Midwest home. 9 acres. No mortgage. No landline. No cable tv or satellite. Annual:
Property tax. 1800
Insurance . 1100
Electric. 1800.
Propane. 1800.
Internet. 200.
Water. 500.
Trash. 350.
Cellphone. 1200.
Home maint. 2500.Contingency fund
Total annual: 11200
approx $950 per month.
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11-28-2015, 10:34 AM
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#37
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Thinks s/he gets paid by the post
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,393
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Really not sure what use this disparate data could possibly be? Real estate expense is so location specific. Not to mention type and size of dwelling. Peru vs Alabama vs New York? Really? I guess we just like to share?
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11-28-2015, 11:16 AM
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#38
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,743
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Quote:
Originally Posted by Danmar
Really not sure what use this disparate data could possibly be? Real estate expense is so location specific. Not to mention type and size of dwelling. Peru vs Alabama vs New York? Really? I guess we just like to share?
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Few people including myself felt the same but shared our info for the sake of sharing.
After seeing some of the low housing cost figures it makes me reevaluate our location but only for a brief moment as DW will not consider relocation due to close proximity to family and friends.
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11-28-2015, 03:56 PM
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#39
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Thinks s/he gets paid by the post
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,393
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Quote:
Originally Posted by Corporateburnout
Few people including myself felt the same but shared our info for the sake of sharing.
After seeing some of the low housing cost figures it makes me reevaluate our location but only for a brief moment as DW will not consider relocation due to close proximity to family and friends.
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Agree. Amazed at how low some of these costs are. Good for you. No plans on moving either though.
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11-29-2015, 04:41 AM
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#40
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Full time employment: Posting here.
Join Date: Jun 2008
Posts: 534
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I find the cost of one's housing interesting if only to see what early retiree's are paying to keep a roof over their head that includes a few amenities like cable. I suspect most ER's try to keep their costs down. Interestingly enough I posted a similar thread in 2008 when moved from FT work to PT work and my monthly cost for the same place was $792. Seven years later it is $880 and if I have done my math right that is annual inflation rate of 1.5% a year. Thanks to those who took time to share their info.
__________________
Never surrender what you really want for what you want right now.
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