520 k per year enough salary in Joberg...? Advice please :)
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Hello,
I am hoping for some advice as some of the threads are a little dated so not sure if the cost of living has changed...
I have been offered a position with a yearly salary 520k zar in Joberg...after tax I work out this is aprox 31k take home per month? I will be coming alone.
Can somebody please advise if these figures of my fixed costs are roughly correct...
Two bedroom apartment in fouways area furnished: 9,000
Utilities per month: 1,000
Car per month: 5,000
Insurance and Petrol: 2,000
Total 17,000
(I have health cover in my package)
Remaining money for myself aproximately 14,000 per month. Is this enough to live a comfortable and fun life? During the weekdays I will cook at home but during the weekend I will like to eat out and have a drink etc. Dress reasonably well (not fancy designers) Also have enough money for weekends away to visit different parts of Africa.
Any help would be appreciated 
Hi,
You have almost worked it out precisely. You should be able to get a nice, secure 1 bedroom apartment in a secure complex for R 9000,00.
However, as some complexes include water, and others exclude water and effluent charges, you may be looking at closer to around R 1500,00 a month.
Your allowance for car repayments is fair. Insurance and petrol may need another R 1000, 00 bringing that to a total of R 3000,00, depending on travel and what premiums your insurance charges you based on car theft risk, the security and area of your residence, and what you need the car for.
A reasonable budget for your own food, toiletries and groceries is probably in the region of R 2500,00 a month. Naturally if you really want to Live extravagantly, and eat out a lot, it will be more.
A Batchelor can make ends meet in a good upper-middle class area on around R 20,000.00. Your salary is allows for some fun over and above that. Beware the braaivleis (barbeque) as it has hidden costs, especially f you are catering for everyone else. Alcohol and meat!
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