do you spend so much money on your accommodation?

Do the math: divide the amount of your rent by your salary. Multiply by 100 and you will get the share that accommodation represents in your budget.

The HelloSafe platform, a specialist in financial advice, has carried out a study to establish an average for all French departments. “In 2023, the ratio between the rent for a 50 m² type apartment and the average net salary varies from 22.1% to 57.8% depending on the departments”, can we read at the conclusion of the study.

More than a third of salary

According to HelloSafe, Rhodanians therefore spend 37.5% of their salary to pay their rent. The platform has calculated that the average rent in the Rhône is €775 per month for an average salary of €2,067.50.

The average for the entire Auvergne Rhône-Alpes region is 30.8%. The Rhône is therefore the 3rd department where housing weighs the most in the household budget, behind Haute-Savoie (46.6%) and Savoie (38.3%). Although these are departments where households earn more than the median annual income of the region, it is also here that housing is the most expensive.

A growing concern

“The cost of rent is a growing concern for many households, especially in large cities where prices are high,” HelloSafe adds. In Lyon alone, for example, the real estate tension is such that some tenants risk falsifying their application file to get housing. That said, HelloSafe observes that the share of housing in the budget of Lyonnais is a little below the departmental average. The people of Lyon devote 33.3% of their salary to it.

But, as the study points out, “for households that do not own their homes, the amount spent on rent has become an increasingly significant expense”. And this, even if the rent control has been in force in Lyon since November 2021. In particular because the rental supply has seriously diminished. “We have observed an attrition of the rental stock over the past twenty years, which has increased in recent years,” explains Jean-Michel Camizon, president of the Clameur* rent observatory.

Towards an increase in charges?

The situation is explained by a number of new constructions at half-mast throughout the territory, but also a growing number of housing units leaving the traditional rental market. Either because they will soon be banned for renting, because they consume too much energy, or because they are more profitable when rented to tourists.

Finally, the people of Lyon risk seeing their housing budget continue to increase in the coming months. Because condominium charges that are exploding.

*Acronym for Knowing Rents and Analyzing Markets in Urban and Rural Spaces, an association under the 1901 law bringing together private real estate professionals.