What age / mthly salary required to move out.

[biccmoney]

Currently staying with parents.
Looking to get a place of my own, but rent will take up more than 1/3 of my salary.

What age/ salary did you guys move out ?

Age: 24
TC : 48k

Married then move out. At 30.

If home isn't a good place to be then of course you'll have to move out early and help cover the monthly mortgage of those who bought investment properties (i.e. rent from them).

I’m not local and has been renting a place ever since I moved out of uni. Share some of my thoughts

Pros: can choose location, near to work can save you half an hour or even one hour of sleeping time, it is very impt when ur work requires frequent OT; freedom, get to sleep late and invite friends over (however do note that some landlord doesn’t allow visitors , or u have snek flat mates that report u whenever u bring guests over); also a good opportunity to live on your own, to be independent in every aspect of your life

Cons: expensive. If u work in CBD , I guess your salary at most can get you a small room and the whole flat is shared by a few tenants. Probably have to share a toilet and if u are unlucky ur hygiene and standard of living will drop quite a bit. Also, if u have a partner and is planning on marrriage , u should probably save that 1k rent per month for ur future home; one year 12K is a huge sum; also it can be rly troublesome when living alone , if ur parents always take care of groceries, laundry, food and house cleaning if u got maids at home , imagine doing all that yourself after 10 hour work

[Cherie]

Moved out pretty early I would say. Probably about when I was 22? Rented a flat in Woodlands as the rent was pretty low at that time and I would say the travel to my university was not as far as it would have been from my parents who lived in Punggol.

After university, I worked full-time and continued renting till I was 27 and got married. Thereafter, we bought a house in Serangoon North which had fair rates at that time. Been living there since then.

Salary at 22y/o: 1.2k
Salary at 33y/o: 8.4k-9.3k

Rent these days is definitely way higher than past years of low interest rates.
If your relations with family is not too bad, suggest to stay until you find someone who can share the mortgage (not rental)....
Many people suffering from inflation across the board (food, transport, rental/ mortgage,etc).....count your blessings while you still can!