The average monthly salary earned in South Africa was R23,133 by November last year, Statistics SA’s latest quarterly employment statistics (QES) show. This was 3.1% more than in the same month in 2019, which means that salaries did not keep up with the cost of living, as inflation (3.2%) was higher during that time.
What is a good salary in South Africa?
A good salary in South Africa can be different for different people. What is the range of salaries in South Africa? Salaries in South Africa range between R7,880 to R139,000 monthly.
What is the average salary in South Africa?
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 salary is considered middle class 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 …
What is the average income in South Africa in US dollars?
South Africa’s average salary per year translates to $17,105 in dollar terms, but the country has a local purchasing power almost twice the value of the US$ – a fair value exchange of R6. 25 to the dollar, according to the IMF (2018).
What is a good salary in South Africa 2020?
The average worker gets paid R21,455 per month (down slightly from R22,395 recorded in Q1 2020), down from R21,796 in the same period in 2019. This equates to approximately R257,460 per year.
What is a high income earner 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.
What are the lowest paying jobs in South Africa?
Lowest Paying Jobs South Africa 2020/2021
- Security guards [ around ZAR 1.8k per annum ] …
- Mining operators [ around ZAR 5.6k per annum ] …
- Tellers and cashiers [ around ZAR 5.8k per annum ] …
- Reservations and ticketing clerks [ around ZAR 6.9k per annum ] …
- Telesales and telemarketing [ around ZAR 8.3k per annum ]
How much money do you need to live 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|
What are the highest paying jobs in South Africa?
Top 20 Highest Paying Jobs In South Africa 2021
- Accountant: R 482,649 p/a.
- Pilot: R476, 794 p/a.
- Software Developer: R462,144 p/a.
- General Practitioner: R437,527 p/a.
- HR personnel: R354,000 p/a.
- Lawyer: R300,000 p/a.
- Tax Consultant: R300,000 p/a.
- Graphic Designer: R246,000 p/a.
Who earns the most 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?
Cape Town, South Africa Housing Trends
Over the Apr 2021, the average rent for an apartment in/near Cape Town, South Africa decreased by 72.3% to 32.932 ZAR.
How much is a basic salary in South Africa?
The national minimum wage in South Africa
Since January 2019, workers in South Africa have been entitled to a minimum wage of R20 per hour. This translates to around R3,500 based on a 40-hour working week.
How much does the average person make a year 2020?
How much did the average person make a year in 2020? A US worker typically earns about $94,700 per year. The lowest median American salary is about $24,000 while the highest average salary is $423,000, although the actual maximum salary is much higher.
What is a good salary per year?
“As such, a $50,000 salary would be above the national median and a pretty good salary, of course, dependent on where one lives.” That’s good news for people making an annual salary of $50,000 or higher.