A Good Monthly Salary in South Africa
What Is the Average Salary in South Africa?
In South Africa, an employee earns an average monthly salary of 31,100 ZAR or 374,000 ZAR per year. As per the exchange rates in February 2022, this equates to an average income of USD 24,169/year. The average monthly salary includes housing, transport, and other cost benefits.
What salary is needed to live comfortably in South Africa?
You need about R15 000 – R20 000 per month to afford the basics. This also depends on your number of dependents, accommodation situation (living alone, sharing an apartment, and utilities) and lifestyle (gym membership, smoker, alcohol drinker etc).
What is a good salary per month in South Africa?
What is a good salary in South Africa? This can be considered the average wage in the country. An employed person in SA earns an average of R23,982 (approximately $1,480) per month. If you are earning a higher salary than the national average and median figures, then you can be said to be doing well.
What income is considered upper class in South Africa?
You can access the tool here. Earning the average formal sector salary in South Africa of R24,051 (QES, 3Q21) would put you in the richest 12% in the country, according to the simulator. The monthly salary you would need to be a top 1% earner, meanwhile, is around R151,451, the data shows.
