Question: How Much Is A Good Salary In South Africa?

What is the cheapest country to live in?

10 best and cheapest countries to live inBulgaria.

Mexico.

South Africa.

China.

South Korea.

Thailand.

Peru.

Poland.

If your heart is set on working and living in one of the cheapest countries to live in Europe, Poland is another fantastic and affordable option.More items…•.

What percentage of South Africa is rich?

Economy of South AfricaStatisticsGDP per capita rank89th (nominal, 2019) 95th (PPP, 2019)GDP by sectoragriculture: 2.8% industry: 29.7% services: 67.5% (2017 est.)Inflation (CPI)2.4% (2020 est.)Population below poverty line55.5% (2014, World Bank) 16.6% (2016, World Factbook) 57.1% on less than $5.50/day (2014)36 more rows

What is the average annual salary 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. Total basic salaries paid out to workers across all industries amounted to R626.

What is a good salary per month?

Median Monthly Salaries 2017 The median income for men per week was $946 or $4,099 monthly. Women earned $769 or $3,332 monthly, which is only 81.3 percent of the median monthly income for men.

Can you live on 50k a year?

Where you live is a huge component of how well you can live on a $50k-a-year salary, and it can impact your budget dramatically. In some states, you might have to push and pull a $50,000 salary to cover all your expenses and still have some left over. In other states, you can live pretty comfortably on $50k per year.

What does a teacher earn in South Africa?

Using data from salary database PayScale, the salary range for primary school teachers in South Africa is between R80,000 and R275,000 with the median sitting at R177,500. For high school teachers, pay increases, ranging between R120,000 and R300,000, with the median sitting at R200,000.

Is it cheap to live in South Africa?

However, South Africa is still a much more affordable country to live in than most European, Asian and North American countries. … Having said that, the general cost of living in South African cities is considerably cheaper than the majority of major cities around the world.

How much must I earn to buy a house in South Africa?

In order to purchase property on a single income, buyers need to be earning a minimum of around R15 000 per month after tax, he says, which will allow them to afford a home loan of around R500 000.

What is the best career in South Africa?

These are the highest paying jobs in South Africa, according to the research:Hospital Manager. … General Practitioner. … Electrical Engineer. … IT Manager. … Financial Analyst. … Industrial Engineer. Average yearly salary: R670 104.Consulting Engineer. Average yearly salary: R640 428.Electronic Engineer. Average yearly salary: R634 548.More items…•

What is the highest paying job in South Africa?

In the video the “Top 10 Highest Paying Jobs In South Africa” we look at which professions have the highest earning power.Software Engineers – R1.2 million p/a. … Pilots – R695,800 p/a. … Lawyers – R655,000 p/a. … IT Managers – R620,230 p/a. … Medical Specialists – R616,000 p/a.

How much is rent in South Africa?

Summary of cost of living in South AfricaFoodMonthly rent for 85 m2 (900 sqft) furnished accommodation in normal areaR 9,312Utilities 1 month (heating, electricity, gas …) for 2 people in 85m2 flatR 1,246Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive areaR 10,70254 more rows

What is the lowest salary for a teacher?

The average annual pay in the state, adjusted to the cost of living, is $46,456, the lowest teacher salary of all states and considerably less than the U.S. average of almost $63,000.

What is 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 …

Is food cheap in South Africa?

While meal prices in South Africa can vary, the average cost of food in South Africa is R306 per day. Based on the spending habits of previous travelers, when dining out an average meal in South Africa should cost around R122 per person. Breakfast prices are usually a little cheaper than lunch or dinner.

What is a high income earner 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’s a comfortable salary?

In essence, it refers to the income level that allows an individual or family to afford an adequate living space, food, and other basic necessities. One goal of a living wage is to allow workers to make enough to maintain their wealth and enjoy the comforts and overall lifestyle they’re accustomed to.

Which is the safest city in South Africa?

Johannesburg dropped from second in 2019, to fourth, having been overtaken by both Pretoria and Durban. However, Joburg remains the city where people feel least safe walking around alone….The most dangerous cities in South Africa to live in.#3CountrySouth AfricaCrime Index77.49Safety Index22.519 more columns•Jan 21, 2020

Which careers are in demand in SA?

16 South African jobs that are in high demand right nowICT project manager;Data Management manager;Application Development manager;Information Technology manager;Information Systems director;ICT systems analyst;Software developer;ICT risk specialist;More items…•

How much money do you need to live comfortably 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).

What is the average salary in South Africa 2019?

As of 2019, an individual working in the country receives around 31,393 ZAR per month, making it the South Africa average salary. The 31, 393 ZAR monthly pay includes housing, transport, and other necessary benefits.

Where is the cheapest place to live in South Africa?

The cheapest cities to live and work in South AfricaRankCityAverage annual rent1JohannesburgR84 0002PretoriaR72 0003DurbanR61 2004Cape TownR108 0006 more rows•Dec 13, 2019