Frequent question: Is 50000 a good salary in Kenya?

The salary of Ksh 50,000 is the average figure for Kenyans living in towns. If the budget is squeezed appropriately, the money can sustain one for a whole month and some remain for savings.

What is considered a good salary in Kenya?

A person working in Kenya typically earns around 147,000 KES per month. Salaries range from 37,100 KES (lowest average) to 656,000 KES (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

What salary is considered middle class in Kenya?

According to the Economic survey 2017 by the Kenya National Bureau of Statistics, the lower income group comprises households with a monthly income of Kshs 23,670 and below; while middle income group comprises households with incomes ranging between Kshs 23,671 and Kshs 119,999 and finally the Upper income group enjoys …

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How can I survive 20k salary in Nairobi?

Surviving on a Ksh 20,000 salary in Nairobi

  1. Opt for neighbourhoods that fit your budget. With this kind of salary, do not pay house rent amount that exceeds half of your salary. …
  2. Keep ‘slay queen’ girlfriends at bay. …
  3. Make restaurant meals at home. …
  4. Opt for free entertainment options. …
  5. Save before you spend.

How much money do you need to live comfortably in Kenya?

The prices all depend on the quality of life that you demand. 2018 figures from Numbeo show that a four-person family living in Nairobi can expect to spend Ksh193,854.79 a month simply on living costs — this figure doesn’t include rent or mortgage expenses. Kenya’s fast broadband service costs Khs5,507.69 a month.

What is the highest paying job in Kenya?

Highest Paying Jobs in Kenya and their Salaries

  1. Politics. Politics is the highest paying job in Kenya. …
  2. Aviation. Aviation is one of the best paying careers in Kenya. …
  3. Law. …
  4. Medicine. …
  5. Engineering. …
  6. Journalism. …
  7. Non-Governmental Organizations. …
  8. Accounting and Actuary.

Can a foreigner buy house in Kenya?

The simple answer is yes, non-citizens can own property in Kenya and enjoy all legal rights and protections that Kenyan citizens enjoy, however they are subject to restrictions with regard to the kind of tenure they can hold in land and are also prevented from owning or dealing with agricultural land.

How many people in Kenya earn more than 100000?

According to the report, the number of Kenyans earning more than Sh. 100,000 has increased by 2.71 percent to 84,907. The report shows that Kenyans who earn more than Sh. 100,000 account for 2.9 percent of the 2.92 million formal workers who are captured in the Kenya Revenue Authority (KRA) database.

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How much do people earn in Nairobi?

How much money does a person working in Nairobi make? A person working in Nairobi typically earns around 175,000 KES per month. Salaries range from 44,300 KES (lowest average) to 781,000 KES (highest average, actual maximum salary is higher).

What is the best place to live in Nairobi?

Revealed: 10 of the best places to live in Nairobi

  • Woodley/Adams Arcade/Ngumo. …
  • Syokimau/Mlolongo. …
  • Thika Road/Roysambu/Kahawa Sukari. …
  • Westlands/SpringValley/Mountain View. …
  • Riverside. …
  • Ridgeways. …
  • South C/Parklands. …
  • Lang’ata. It has always been the breeding hood for future millionaires.

How much should you spend on rent in Kenya?

Spend 33% of your salary on rent

According to Business Daily, Kenyans living in Nairobi spend approximately 40% of their gross income on rent. The figure is higher than the global recommended value of 30% of the income.

How do you manage a 50k salary?

A person should do below-mentioned things during initial years of the career:

  1. Make a budget on spending (party hard) One work to make oneself happy. …
  2. Stop taking money from parents. …
  3. Pay off your education loan. …
  4. Buy a Term insurance. …
  5. Buy a health insurance policy. …
  6. Do tax savings. …
  7. Invest to enhance professional skills.

How do people live on 20k salary?

What you can do with the $20,000 saved:

  1. Get a jump start on retirement investing.
  2. Save up for a down payment on a home.
  3. Pay off debt.
  4. Buy a rental property (you can buy a rental property for just $5,000 with RealtyMogul)
  5. Start a business (you can create a blog with Bluehost for just $2.95 per month and your time)
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How much does a house in Kenya cost?

That said, the average purchase price of a 1 to a 3-bedroom house in Nairobi as of 2019 was 14.4 million shillings (US$140,666), while that of a 4-6 bedroom residential averaged at about 39.1 million shillings (US$ 381,948).

How much is a Coke in Kenya?

Cost of Living in Kenya

Restaurants Edit
Coke/Pepsi (12 oz small bottle) 52.29KSh
Water (12 oz small bottle) 47.24KSh
Markets Edit
Milk (regular), (1 gallon) 330.86KSh

Is Kenya a poor country?

Less than a year ago, the IMF warned: “The fraction of the world’s population living in extreme poverty—that is, on less than $1.90 a day—had fallen below 10% in recent years (from more than 35% in 1990).

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Rank Country GDP-PPP ($)
45 Republic of Congo 4,188
46 Tuvalu 4,497
47 Cambodia 4,695
48 Kenya 4,926
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