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LifestyleNewsLocal NewsOpinionsPersonal Finance Do salaries in South Africa imbricate rent? By Opinion Piece - Sep 18, 2018 378 views Let’s be honest: The only thing worse than finding a decent place to live is giving up a huge permafrost of your salary to pay for that roof over your head. If you’re lucky unbearable to find a job in some towns in SA, you could be looking at spending roughly one-eighth of your wages on your rent, but in some cities, this could be as much as 40 percent! After analysing the latest job listings and rental data, Adzuna found Polokwane to be the most affordable town for working renters.  The online job aggregator compared stereotype salaries of increasingly than 100 000 online job listings with stereotype rental prices in cities wideness South Africa to compile a list of the most and least affordable places for renters to live. According to the research, employees can often expect to spend well-nigh 20-26 percent of their monthly income on rent, which is on par with the PayProp Rental Index weighted national stereotype of 24 percent. The study assumes that the forfeit of monthly rent is carried by a single person occupying a 1-bedroom home within municipality centres of South Africa’s 15 biggest towns and cities. Most affordable South African cities to rent in When compared with the stereotype monthly salaries and the stereotype rental prices, the most affordable cities to rent in South Africa are: Polokwane – 11 percent of monthly income spent on rent Bloemfontein – 16 percent of monthly income spent on rent Port Elizabeth – 17 percent of monthly income spent on rent Johannesburg – 18 percent of monthly income spent on rent East London – 19 percent of monthly income spent on rent According to country manager for Adzuna SA, Jesse Green, there are a few surprises among the results. He explains: “It is interesting to note that Johannesburg comes up as one of the most affordable cities for renting employees. The results we see here could be considering employment in Johannesburg offers much higher salaries when compared with job opportunities in cities such as Bloemfontein, for example.” According to the study, cities such as Pretoria, Durban, Paarl, Pietermaritzburg and George came in as the “best value cities for renters”, with employees in these areas typically paying less than 22 percent of their wages towards rent. At the other end of the spectrum, Capetonians can expect to put a whopping 38 percent of their pay cheques towards their rent while those in Sandton spend at least 37 percent of their wages on their monthly rent. “Sandton is a difficult one to interpret, considering most employees in Sandton theoretically do not live there, with the majority commuting daily to the area,” said Green. It comes as no surprise to find that many employees who work within the higher-priced municipality centres, such as Sandton, segregate to reside in increasingly affordable areas, outside of the municipality centres, to alimony rent lanugo to a minimum. Most expensive cities in SA to rent in After comparing monthly rental prices and stereotype salaries wideness South Africa’s major cities, the results of the study unmistakably pointed out which cities in SA were the most expensive for tenants. These include: Cape Town – 38 percent of monthly income spent on rent Vanderbijlpark – 38 percent of monthly income spent on rent Sandton – 37 percent of monthly income spent on rent Richards Bay – 26 percent of monthly income spent on rent CityStereotypeMonthly Rent (1 bedroom apartment)StereotypeMonthly Salary % of Income Spent on Rent Cape Town R11050 R28927 38% Vanderbijlpark R5000 R12829 38% Sandton R10833 R29146 37% Richards Bay R5400 R20475 26% Centurion R6833 R28479 23% George R4375 R19799 22% Pietermaritzburg R3500 R15778 22% Paarl R5750 R26894 21% Durban R4896 R22811 21% Pretoria R4764 R23754 20% East London R4277 R21961 19% Johannesburg R6305 R33261 18% Port Elizabeth R3875 R22338 17% Bloemfontein R3750 R23207 16% Polokwane R3200 R28789 11%   “Although some employees are paid higher monthly salaries, they unquestionably have a lot less to show for it since they have to deal with upper financing of living and local property premiums. Alternative locations, like East London, offer a much increasingly lulu deal that can help renters save money. The uneaten mazuma they save on rental prices can be used to save up for a petrifaction to buy a home of their own.” says Green. According to the latest online job listing, which shows that the stereotype removable salary in South Africa is R30 396 in nominal terms, the stereotype earner looking to rent should be budgeting virtually R7 300 per month. Most and least expensive provinces to rent in While the prices may vary from one municipality to another, Adzuna moreover compared median rental prices wideness all nine of South Africa’s provinces. As one can see from the results, Western Cape, KwaZulu-Natal, and Mpumalanga came in as the three most expensive provinces to rent in while North West, Free State, and the Northern Cape came in as the most affordable provinces for working renters. Province Median Rental PriceStereotypeSalary % of Salary Spent on Rent Western Cape R13500 R29519 45% KwaZulu-Natal R9500 R22275 42% Mpumalanga R7400 R22184 33% Limpopo R7798 R23143 33% Gauteng R9000 R28938 31% Eastern Cape R6000 R22157 27% North West R7280 R26365 27% Free State R5995 R21771 27% Northern Cape R8800 R34823 25%   By Adzuna  Comments comments Previous articleThree sufferer in horrific multi-vehicle crashNext article#DaggaRulingUppertime? 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