But the average worker in Cape Town still forked out a shocking 52% of their salary for rental accommodation in 2022.
Two of the country’s largest cities, Johannesburg and Cape Town, have made it onto an international list of cities in which it has become more affordable to rent or buy property.
South Africa’s economic hub beat Canadian city Edmonton and Denver in the US, which came second and third respectively in the world ranking. For Edmonton, the average worker could afford 19.7m2, compared to 11.7m2 in 2018, while in Denver, workers could afford 5.2m2 more space than the 10.4m2 recorded in 2018.
According to the study, the ranking takes into account the proportion of a worker’s salary that goes towards rental costs.
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