GITNUX MARKETDATA REPORT 2024

Statistics About The Average Income In South Africa

The average income in South Africa is around 68,602 South African Rand per year.

In this post, we will explore the diverse landscape of average incomes in South Africa, spanning across different sectors, regions, and demographics. With a multitude of statistics at hand, ranging from the average wage in agriculture to the disparity between black and white households, we aim to paint a comprehensive picture of the income dynamics within the country. Join us as we delve into the numbers that shape the financial landscape of South Africa.

Statistic 1

"The average wage in the agriculture sector was reported to be around R4,000 per month."

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Statistic 2

"In the mining sector, the average monthly employee income was reported to be R25,000."

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Statistic 3

"The average household income in rural areas was approximately R80,000 per year."

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Statistic 4

"According to Trading Economics, the average disposable income in South Africa was about R201,600 per year."

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Statistic 5

"In 2020, the average monthly income for households in the Western Cape was estimated to be about R22,500."

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Statistic 6

"The average annual household income in the Gauteng province was around R292,000."

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Statistic 7

"The average income of black South African households was significantly lower than that of white South African households."

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Statistic 8

"The average household income in urban areas was approximately R240,000 per year."

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Statistic 9

"The average poverty line income was determined to be around R1,227 per month."

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Statistic 10

"The average annual salary in Johannesburg was about R384,000."

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Statistic 11

"In South Africa, the top 10% of income earners accounted for approximately 65% of total income."

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Statistic 12

"In 2020, the average annual earnings for men were higher than for women by approximately R66,000."

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Statistic 13

"The median income in South Africa for employed individuals was roughly R13,044 per month."

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Statistic 14

"In 2019, the average income per capita in South Africa was around $6,040."

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Statistic 15

"In 2019, the average income for professionals with higher education was about R515,000 per year."

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Statistic 16

"The average gross monthly income in South Africa was around R21,432."

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Statistic 17

"The average household income in South Africa was approximately R138,168 per year."

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Statistic 18

"The average income for South African freelancers was reported to be around R150,000 per year."

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Statistic 19

"According to a survey by Stats SA, the average income for formal sector employees was R21,000 per month."

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Statistic 20

"In 2021, the average salary increase across sectors was projected at around 4.5%."

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In conclusion, the statistics on average income in South Africa paint a complex picture of the country’s economic landscape. Disparities are evident across sectors and demographics, with significant variations in income levels reported. The data highlights stark contrasts such as the discrepancy between the average wage in the agriculture sector and that in the mining sector, as well as the notable disparity between urban and rural household incomes. Additionally, the statistics reveal gender-based income gaps and income inequalities between different racial groups. The findings indicate a need for targeted policies addressing income inequality and wealth distribution in South Africa.

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