Cost of living in South Africa is cheap when compared to most part of the world. The cost of living in Cape Peninsula and city areas are higher than other parts of the country. In rural areas, you can find cheap places with enough space to lead a quiet life away from the city. The cost of commodities and food are affordable in rural areas and the cost is only half when compared to the city dwellers. All products to be sold include the VAT, where there are no extra cost on services like transportation and education. South Africa is a fast growing economy with more than 570 billion Euros of total GDP.
The drinks and foods available in South Africa have a moderate price. You can find cheap farm fresh raw product in smaller provinces and regions. Seafood is available at affordable rates in coastal areas. However, these products cost more in the cities because of the VAT. You can buy different products from farmer stalls and public markets, instead of buying them from commercial stores. Public markets provide discounts for the purchase of bulk products. Dining out in cities is quite expensive, but you can find restaurants at cheaper prices also. Wines are very popular products of South Africa, here you can buy expensive and cheap South African wines too.
It is expensive to shop at shopping malls and large departmental stores in South Africa. You can find various designer products and imported products in the cities. Local products are normally cheaper, but may be expensive for the expatriates. The costs of labor have increased in the recent times which can be explained because of the inflation. Housing costs in South Africa is comparatively cheap. The expatriates can live in homes with lots of space including swimming pool or yard. Apartments are available in cities with moderate to expensive rental rates. The monthly rate of an apartment will be approximately 200-300 Euros which excludes gas consumption, telephone service, gas consumption, and water supply.
The telephone services are excellent in the cities. Most of the expatriates stay in developed and populated areas. Hence, they do not find any difficulties in the availability of communication and technology services. Transportation facilities are limited in remote area because of the minimal road accessibility and transportation means. South Africa has well-maintained transport services such as buses, trains and flights. The hospital facilities available in South Africa are excellent and of good quality. Education facilities are improving as the government is giving subsidies for public schools. Several educational institutions are financed by philanthropists and foreign business men.
Unemployment rate is increased due to the recession. Unemployment is normally high in the country and ranked as one of the 10 countries with income inequality. The South African government is taking necessary action to fight against recession. Expatriates are not facing any problems even during recession as most of them are in the field of commerce, health care, trade, construction, and agriculture. The major revenue resource of South Africa is the tourism industry. Around 10% of the employment is provided by the agricultural sector. Most of the immigrants in South Africa are living in poverty.