2 seaside towns in SA where households earn R100K on average
According BusinessTech , the report showed that average monthly household income in the seaside towns of Salt Rock and Ballito along KZN's beautiful Dolphin Coast has increased to over R100 000 per month.
This indicated an increase by an average of 645% and 504%, respectively, showcasing Salt Rock as the top performing town in terms of income growth in the region.
The report also revealed that in Salt Rock, average monthly household income rose from between R12 500 and R25 500 per month to a whopping R115 000 – R145 000 per month, the highest growth recorded in the region.
Ballito followed closely behind, with monthly household income increasing from similar base levels to R91 500 – R124 000 per month.
Salt Rock also now has a concentration of 70% of its households in the 'wealthy' and 'super-wealthy' brackets. While Ballito has 50% of households classified in the high-income categories and the rest spread across upper-middle and middle-income groups.
'The increase in average household income indicates consistent improvement in living standards and wealthy individuals moving into these areas,' the report stated.
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