What is the cost of living in South Africa?
Table of Contents
What is the cost of living in South Africa?
What are general living expenses like in South Africa?
| Total living expenses in Johannesburg⁵ | Average cost |
|---|---|
| 1 person, per month (without rent) | ZAR9,389.56 |
| 4 person family, per month (without rent) | ZAR32,914.84 |
| Utilities, basic, for 85m² apartment | ZAR1,493 |
How much is the average rent in Johannesburg?
The mean rent for three-bedroom units in Johannesburg is R8 250, with the lowest rental costs in Yeoville at R4 800. Sandton South and Sandton Central have the highest rental costs at R13 250.
What is a middle class income in South Africa?
between $1,550 and $4,800 per month
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 …
What is middle class income in South Africa?
How much is a loaf of bread in South Africa?
Cost of Living in South Africa
| Restaurants | Edit |
|---|---|
| Water (12 oz small bottle) | 11.32R |
| Markets | Edit |
| Milk (regular), (1 gallon) | 61.26R |
| Loaf of Fresh White Bread (1 lb) | 12.86R |
Is Joburg expensive?
While the average salary in Johannesburg is comparatively lower, the city is still fairly low cost compared to many expat destinations in the world. The 2020 Mercer Cost of Living Survey ranked Johannesburg at 192nd out of 209 cities worldwide. Cape Town is slightly more expensive, coming in at 187th.
Is it cheap to live in Johannesburg?
An average family living in Johannesburg spends less than a quarter of their monthly income on rent, according to a survey by RentCafé, an online property listing service. That makes the city the third most affordable city in the world, according to the index.
How much money is rich in South Africa?
What makes you ‘wealthy’ in South Africa? Using the aforementioned bank account requirements, we can determine that one would need to earn at least R750,000 a year to be considered wealthy in South Africa.