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They usually simply launched a report evaluating how a lot cash folks earn in cities to the price of renting an condominium within the metropolis. Principally, looking for out if their salaries are sufficient to afford a rental condominium.
The report was based mostly on 30 cities chosen by Value Water Home Cooper of their Metropolis of Alternatives report which has Lagos, Nigeria and Johannesburg, South Africa as the one African cities on it.
Ultimately, right here’s the ultimate knowledge and the proportion of family earnings wanted to cowl simply lease.
From the look of issues, Lagos is at quantity 28 of 30 cities and a Lagos employee wants 57% of his wage to cowl lease.
If you look very nicely and see that in Kuala Lumpur, Moscow and Johannesburg, you want lower than 25% of your earnings to cowl lease.
Lagos, have they got two heads?
And naturally there are different bills and also you’re nonetheless supposed to avoid wasting
Any individual wants to return and assist us with our lease burden, please. 57% is an excessive amount of