People flocking to South Africa’s economic hub are likely to find some of the world’s cheapest rents. An average family living in Johannesburg spends less than a quarter of their monthly income on rent, according to a survey by RentCafé, an online property listing service. That makes the city the third most affordable city in the world, according to the index.
Still, Johannesburg’s top ranking is likely to mean little for the thousands of people living in shacks around the city’s outskirts. South Africa’s income inequality is some of the highest in the world, but for those who can afford to live in the ubiquitous gated communities, townhouses and increasing number of high-rise apartment blocks, the “city of gold” has its perks.