How much do you earn annually?

How much do you earn annually?

  • R1 - R100,000

    Votes: 19 5.6%

  • R100,000 - R249,000

    Votes: 16 4.7%

  • R250,000 - R299,000

    Votes: 14 4.1%

  • R300,000 - R399,000

    Votes: 22 6.5%

  • R400,000 - R599,000

    Votes: 36 10.7%

  • R600,000 - R999,000

    Votes: 72 21.3%

  • More than R1 million

    Votes: 123 36.4%

  • Other

    Votes: 36 10.7%
  • Total voters
    338
Bill Clitnon said:
I dunno bout that. It's still way cheaper than most 1st world countries. Go try pay rent or and buy property in those countries.
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I live in a 1st world country, rent is not that extreme since salary is higher.
Rent for an 80m^2 apartment makes up about 15% of my gross / 26% net, and that net is after pension (around 80% if earning 2k gross in Austria, 14 checks, so ~R45k -> R37k after medical aid, not what I earn, just the norm that people earn here is about 2.3k EUR per check *14) unemployment insurance (55% of monthly income), medical aid, etc. and costs include levies, water, etc.

For lower earners / average if single, usually makes up max 50%, but would not argue that's common. Vienna is a bit special though, has social housing as well, earning R1m/year you'll still qualify, and rent is around half of what I pay for the same size and often in better condition, so <15% net. London and stuff is a different matter, and you'll earn a lot more there though for the same positions that would net you R1m+ in South Africa.

In Cape Town most will not be able to afford anything and live in a shack with income, and if higher end like R1m/year, rent seems to be hitting R10k/month for most official: https://www.seeff.com/news/average-rental-prices-in-cape-town/ though I think that's a bit misleading as you're counting studio apartments, rent in places that are basically not CT anymore. Would pick something like century city as "indicative" of middle/upper -> so R20k average: https://www.property24.com/apartments-to-rent/century-city/milnerton/western-cape/8027 though I'd argue that it's not really equivalent as view and stuff added, though you'd get the negatives of forced car and there isn't really that much of interest in the vicinity, but it will make up ~25-30% of your gross at R85k pm, after pension, medical, other insurances, etc., you're probably looking at R50-60k, so it's more like 50-60% of your salary.

That's not taking into account that my 74% net is just more money, as a percentage of salary, buying a new phone / laptop / washing machine / couch / PC etc. is less, so everything in my home/around me is just better, you really notice this in South Africa with fixtures that people have in their homes. More space, but it's often just wasted.
 
@rpm next question to ask: How much money do people have left over (on average) each month, we need to see if the big money makers are saving/investing their big coins, or if it's all going to credit/loans etc.
 
koeks525 said:
@rpm next question to ask: How much money do people have left over (on average) each month, we need to see if the big money makers are saving/investing their big coins, or if it's all going to credit/loans etc.
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............... what I'd love to know is whether their savings are invested in SA or offshore :laugh:


/joking, that would be doing SARS' job for them.
 
deweyzeph said:
The days of South Africa being a cheap place to live are long over. If you want to live a 1st world life in SA then you have to earn a 1st world salary.
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Eh? South Africa is as cheap as chips. Have you seen what life in the US cost these days?

Inflation has hit them hard as well.

My brother lives in Texas (with low taxes) and we compare notes quite a lot. Cars and petrol is cheaper but the rest? It is insane.

$600 000 gets you an average house. It is unaffordable to eat at a restaurant. A $6 coffee is not surprising. And healthcare - shees, I have seen what their medical paid for them having kids. And of course "paid-time-off" is a lot less than our leave and that includes parental leave, sick leave etc.

America is super expensive.
 
surface said:
@ToxicBunny - Exhibit A above.
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Especially as every salary survey shows that those very high earners are the rare exception. In fact South African companies have been very good at almost colluding to cap salaries to prevent runaway salary costs.
 
W@P said:
Money is worth nothing these days. I remember as a kid we would go to Makro and walk out with 3-4 trolleys scraping their bellies and a till slip from the door all the way to the car.
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Didn't they complain about you parking your car in the doorway?

Anyway people being able to spend like that was not the norm in South Africa in the 70s and 80s.
 
Johand said:
Eh? South Africa is as cheap as chips. Have you seen what life in the US cost these days?

Inflation has hit them hard as well.

My brother lives in Texas (with low taxes) and we compare notes quite a lot. Cars and petrol is cheaper but the rest? It is insane.

$600 000 gets you an average house. It is unaffordable to eat at a restaurant. A $6 coffee is not surprising. And healthcare - shees, I have seen what their medical paid for them having kids. And of course "paid-time-off" is a lot less than our leave and that includes parental leave, sick leave etc.

America is super expensive.
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Things are definitely more expensive in the US than they used to be, but it’s still super affordable due to the comparable income growth in most areas.

A $600k house is more affordable due to higher incomes, but also low interest and also the tax deductibility of your home interest. So most payments are largely principal.

There is a spectrum of quality places to eat or get coffee from. I find that most comparisons don’t really do justice to this. There are some extremely expensive places to eat. I find that a lot of people use these as points of reference to make a point.

Even for medical, I wouldn’t say that it is particularly expensive for private health care. The cases where this usually comes up is when people either don’t have insurance, or if they try gamble by having a high out of pocket maximum or such.
 
noxibox said:
Didn't they complain about you parking your car in the doorway?

Anyway people being able to spend like that was not the norm in South Africa in the 70s and 80s.
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No we used to park close to the door.
It was before they started pitching tents and parking trailers in front of the shop.
 
Anyone know if there is a website that indicates average sallaries for positions in SA ? For example how much does an electrical engineer with 10 years experience earn.
 
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