Question: What Is The Average Household Income In South Africa?

What is a good salary in South Africa 2020?

A person working in South Africa typically earns around 31,100 ZAR per month.

Salaries range from 7,880 ZAR (lowest average) to 139,000 ZAR (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits..

What is a good salary in Cape Town?

From personal experience (I am a recent graduate with one years experience, and all of my friends are recent graduates, too), anything from R15 000 to R20 000 is an acceptable/good starting salary. For people with high-earning degrees (Chartered Accountants, Masters degrees etc.) R20 000 – R30 000 is good.

How much money do you need to be a millionaire in South Africa?

To be in the richest 1% in South Africa you would need to earn R2. 54 million a year, before tax. This is compared to the average income of R247,000.

How much is the average rent in South Africa?

Average rent PayProp’s data shows that the average national rent moved up into the R7,500 – R10,000 price brand for the first time in Q4 2018. Nevertheless, almost a third of rents processed by PayProp still fell into the R5,000 – R7,500 category.

What income is considered upper class in South Africa?

If you have a salary of R7313 or more, then you are in the top 10 percent of South Africa. If you earn more than R15 000 per month, then you are in the top 3 percent of South Africans! And if you earn R48 753 or more, then you fall into the 1 percent of “highest earners” in the country.

What salary is considered rich in South Africa?

South Africa is one of the unequal countries in the world which means that what it takes to be ‘rich’ can be highly subjective. A March 2019 report from Bloomberg found that you will need $162,000 (R2. 21 million) annual pre-tax income to be considered in the top 1% of earners in the country.

How much do you need to earn to live comfortably in South Africa?

The research suggested that a South African earning more than R1 million a year (the global average happiness level), might not be any happier than someone earning $40,000 (R580,000) – the regional happiness level.

Which is the highest paying job in South Africa?

Lawyers. … IT Managers. … Specialist medical doctors. … Petroleum Engineers. … Management Consultants. … Actuary. … Air Traffic Controller. Air traffic controllers monitor the air traffic movement to ensure aircraft stay within safe distances from each other. … Chartered accountant.More items…•

What do the top 1 earn in South Africa?

In much of the developed world, an income of $200,000 to $300,000 (R3 million – R4. 5 million) gets you in the top 1%. In South Africa, the number is currently set at $188,000 (R2. 8 million) for annual pre-tax income.

What is a middle class income in South Africa?

Although the African Development Bank describes as middle class in a developing economy anyone earning more than $2 per day, a study by John Simpson, director of the University of Cape Town’s Unilever Institute of Strategic Marketing, defines middle class South Africans as those who earn between $1,550 and $4,800 per …

How much do you need to earn a month to be in the richest 1% in South Africa?

According to the data, to be among the richest 1% of South Africans you need a household income of R48,753 per month (after-tax). This is a single salary of R68,930 a month – or R828,000 a year.

How much does the average person make in South Africa?

The average worker is paid R21,432 per month – up from the R20,859 recorded at the end of Q1, and up from R20,433 recorded in the same period in 2018. This equates to approximately R257,184 per year.

What is the average monthly income in South Africa?

The latest Statistics SA Quarterly Employment Statistics bulletin shows that the average salary in the formal sector was R21,190 a month. The survey shows that the average salary is not keeping up with inflation.

How much is a Coke in South Africa?

Cost of living in South Africa is 39.75% lower than in United States (aggregate data for all cities, rent is not taken into account)….Cost of Living in South Africa.RestaurantsEditCoke/Pepsi (12 oz small bottle)13.75RWater (12 oz small bottle)10.75RMarketsEditMilk (regular), (1 gallon)59.08R62 more rows

Is 100 dollars a lot in South Africa?

South Africa If you plan to travel to or live in South Africa, $100 will take you pretty far, according to Expatistan. Tickets for two to the theater in Cape Town will run nearly 122 rand (only about $8) for the best seats in the house.