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What is a "good salary" in Kenya?
Rank: Member Joined: 8/7/2010 Posts: 728 Location: Wazuaville
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mawinder wrote:In Kenya,you may not get an answer.For instance a lecturer in Narok university earning a net of 180k a month lives a better life than a Nairobian with a net of 250k.rent in Narok for a decent 3 bedroom bungalow is 12k,water is from a borehole,food is cheap,salary for maid is 2k,lunch is 200,fuel expenditure is 200 daily coz work is nearby,plus many other benefits.For the Nairobian it is a different ball game altogether. True dat. but on average a salary of 180K in Nairobi makes one live a comfortable life. Of course outside Nairobi such a person is a celeb. Wacha Narok, Nakuru on such a salary in five years you can finance your own campaign "Money never sleeps"
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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Money Whisperer wrote:mawinder wrote:In Kenya,you may not get an answer.For instance a lecturer in Narok university earning a net of 180k a month lives a better life than a Nairobian with a net of 250k.rent in Narok for a decent 3 bedroom bungalow is 12k,water is from a borehole,food is cheap,salary for maid is 2k,lunch is 200,fuel expenditure is 200 daily coz work is nearby,plus many other benefits.For the Nairobian it is a different ball game altogether. True dat. but on average a salary of 180K in Nairobi makes one live a comfortable life. Of course outside Nairobi such a person is a celeb. Wacha Narok, Nakuru on such a salary in five years you can finance your own campaign 180K, comfortable?? maybe a bachelor, or someone without non-school going kids(2). Assuming 180K gross=(180K*.7)+5.6K=131.6k net Very conservative Monthly expenses for a typical 180K p.m. Nairobianrent 20K Car loan 20K Insurance 2K Fuel 8k Food 10k Shopping 10K Sacco 30k Entertain 6k Water/KP 3k Misc 5K Hse gal 4K Extended fam 3k chamaa 5k kanjo/park 1.5K mpangowakado 3k Total 130.5K Savings 1.5kThis is living from hand to mouth and only if u can stick to the budget. This is a sad life!!!!!! "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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Rank: Veteran Joined: 12/21/2011 Posts: 1,010
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[quote] 180K, comfortable?? maybe a bachelor, or someone without non-school going kids(2). Assuming 180K gross=(180K*.7)+5.6K=131.6k net
Very conservative Monthly expenses for a typical 180K p.m. Nairobian
rent 20K Car loan 20K Insurance 2K Fuel 8k Food 10k Shopping 10K Sacco 30k Entertain 6k Water/KP 3k Misc 5K Hse gal 4K Extended fam 3k chamaa 5k kanjo/park 1.5K mpangowakado 3k
Total 125K Savings 5k[/quote]
savings=30+5+3+6=44k, good savings wewe!!
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Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
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[quote=wilyum] Quote: 180K, comfortable?? maybe a bachelor, or someone without non-school going kids(2). Assuming 180K gross=(180K*.7)+5.6K=131.6k net
Very conservative Monthly expenses for a typical 180K p.m. Nairobian
rent 20K Car loan 20K Insurance 2K Fuel 8k Food 10k Shopping 10K Sacco 30k Entertain 6k Water/KP 3k Misc 5K Hse gal 4K Extended fam 3k chamaa 5k kanjo/park 1.5K mpangowakado 3k
Total 125K Savings 5k[/quote]
savings=30+5+3+6=44k, good savings wewe!!
The guy maybe servicing a sacco loan he invested in DECI!! "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
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Rank: Veteran Joined: 6/8/2007 Posts: 675
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Alternative Budget ======================= Rent - 30k Insurance - 3k Fuel & Car Maintenance - 10k Food - 10k Shopping - 10k Entertainment - 6k Water/ Power - 3k Miscellaneous - 5k House girl - 8k (there are many costs to having a house girl) Extended Family = 3k Chama - 5k Parking - 1.5k School Fees - 10k Church - 18k Savings - 10k Basically shows that depending on what your obligations are, plus not living in a big house (30k is pretty fair), ata hio 180 ni kidogo in this Nairobi. Live in another town and that's a different ballgame (though getting that money in other towns pia ni ngumu) Form is temporary, class is permanent
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Rank: Member Joined: 11/10/2010 Posts: 281 Location: Nairobi
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Good salary depends alot on the social status you want to project. In Nairobi, you will be good with anything below 200k if you choose to live in Eastlands/Zimma/West etc... The minute you step into the upmarket and the rents go into 40k and above, huwezimake.
A good salary in my opinion ought to be 350k and above. With that, you can rent in an upmarket neighborhood or build your own hse, drive a nice car and not worry about fuel prices, run a small project without necessarily running to the bank for a loan and most importantly you can save up, plan and retire early.
If you are below 350k p.m you are condemned to Eastlands, you will have to service loans for some petty projects and you better join a sacco if you are not already a member of one. If anything make sure you have a medical cover and a pension to cushion the shocks which will definitely come.
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Rank: Elder Joined: 11/26/2008 Posts: 2,097
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jaco78 wrote:jaggernaut wrote:mawinder wrote:In Kenya,you may not get an answer.For instance a lecturer in Narok university earning a net of 180k a month lives a better life than a Nairobian with a net of 250k.rent in Narok for a decent 3 bedroom bungalow is 12k,water is from a borehole,food is cheap,salary for maid is 2k,lunch is 200,fuel expenditure is 200 daily coz work is nearby,plus many other benefits.For the Nairobian it is a different ball game altogether. And tusker is just 100 Bob. I can vouch for this i was born and brought up in Nairobi & got really depressed when i was transferred out to the rural areas. However this has changed. Though i can't say i am very well paid, i live in a beautifully finished three bedroomed house on its own quarter acre compound where i grow maize & kales paying kshs. 5,500 pm as rent and i am 5 minutes walk from my place of work, meaning i can wake up at 7.30am & still be early to work. needless to say i comfortably save 50% of my income every month.I enjoy an enhanced quality of life. And the reverse happens when you move from rural to Nairobi.Picture this, I moved recently (Last year) from rural to Nairobi and my rent increased five fold from 5,000 to 25000. Food and other services also increased proportionally. Have had to make adjustments to budget to live within my means. No salary is ever enough, the more you are paid the more the needs and wants increase to meet income. "Never regret, if its good, its wonderful. If its bad, its experience."
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Rank: Member Joined: 3/12/2011 Posts: 108
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anasazi wrote:Alternative Budget ======================= Rent - 30k Insurance - 3k Fuel & Car Maintenance - 10k Food - 10k Shopping - 10k Entertainment - 6k Water/ Power - 3k Miscellaneous - 5k House girl - 8k (there are many costs to having a house girl) Extended Family = 3k Chama - 5k Parking - 1.5k School Fees - 10k Church - 18k Savings - 10k
Basically shows that depending on what your obligations are, plus not living in a big house (30k is pretty fair), ata hio 180 ni kidogo in this Nairobi. Live in another town and that's a different ballgame (though getting that money in other towns pia ni ngumu) anasazi - can you do an alternative budget for somebody who already owns a house outright.
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Rank: Elder Joined: 10/9/2008 Posts: 5,389
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I'd rather work in Nairobi despite all the associated 'problems'. I visited a friend working in one of those smaller towns and the quality of life is pathetic. There are no self contained houses to rent, no running water, no roads etc. You have to fetch water from a well and use a communal bathroom. He wanted to buy some land and put up a proper house but thought otherwise due to siasa and risk.
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Rank: Hello Joined: 1/15/2013 Posts: 2
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I would presuppose that a 'good salary@ is one that enables you to live a @good life@. It is then the definition of a good life tnat varies from person to person. For some this means kids in fancy private schools, holidays in kenya (& perhaps SA even) once in a while, gym/club memberships, shopping at high end malls etc while for others a good life can be had without any of the above but able to pay rent in a decent neighborhood, kids in kawaida private schools, holidays in coasto every dec and frequenting local establishments for pints and family outings without having to go into debt to pay for all this.
On a related tangent, i recently had a discussion with a high school pal who works a decent office job abroad and mentioned to them that managers in quite a few kenyan companies can pull upwards of 400k gross pm and it sort of was a shock to my pal coz i presume they left the country when a 'good salo' was 100k pm. He mentioned that if he could get such a job he would gladly relocate back home even tho his current salo is somewhere near 600k when converted to ksh. Was i wrong in my statement that salos of 400k upwards are no longer uncommon?
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Rank: New-farer Joined: 11/12/2012 Posts: 92
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lower your expectations....a mans life does not consist of the abundance of things he owns.
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Rank: Member Joined: 8/7/2010 Posts: 728 Location: Wazuaville
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[quote=wilyum] Quote: 180K, comfortable?? maybe a bachelor, or someone without non-school going kids(2). Assuming 180K gross=(180K*.7)+5.6K=131.6k net
Very conservative Monthly expenses for a typical 180K p.m. Nairobian
rent 20K Car loan 20K Insurance 2K Fuel 8k Food 10k Shopping 10K Sacco 30k Entertain 6k Water/KP 3k Misc 5K Hse gal 4K Extended fam 3k chamaa 5k kanjo/park 1.5K mpangowakado 3k
Total 125K Savings 5k[/quote]
savings=30+5+3+6=44k, good savings wewe!!
1. shopping and food fall in the same category. do not add them together adjust say 15K 2. School fees is not a monthly expenditure 3. Mpango wa kado and misc are in the same category. don't add them together but adjust so that mpango wa kado shares in the 5K allocated to that vote head 4. Car loan is a term expenditure so after you are done with the loan you save 20K. 5. Saaco is a saving/investment so not expenditure 6. increase rent to 30-35K and live comfortably 7. reduce costs like use car only on Fridays or when you have to run errands after work NB I meant 180K take-home though 130 is still good "Money never sleeps"
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Rank: New-farer Joined: 11/12/2012 Posts: 92
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jaggernaut wrote:I'd rather work in Nairobi despite all the associated 'problems'. I visited a friend working in one of those smaller towns and the quality of life is pathetic. There are no self contained houses to rent, no running water, no roads etc. You have to fetch water from a well and use a communal bathroom. He wanted to buy some land and put up a proper house but thought otherwise due to siasa and risk. depends on the size of the town.Most medium to large towns beat Nairobi in the quality of life.
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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Football aside,would you prefer a 10% raise in your salary or same salary but a 25% lump sum in January and 75% monthly,assume 100K salary. To Each His Own
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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kayhara wrote:Football aside,would you prefer a 10% raise in your salary or same salary but a 25% lump sum in January and 75% monthly,assume 100K salary. Where does footbal come from? 10% raise is my choice. The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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jerry wrote:kayhara wrote:Football aside,would you prefer a 10% raise in your salary or same salary but a 25% lump sum in January and 75% monthly,assume 100K salary. Where does footbal come from? 10% raise is my choice. In reference to Arsenal and Man U woes To Each His Own
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Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie
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Rank: Member Joined: 9/11/2015 Posts: 244 Location: Thika
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Nowadays, with the inflation and all, I guess 500k is the new "good" salary according to me, for a bachelor. If married, 800k will do. Since men have learned to shoot without missing, I have learned to fly without perching
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Jon Jones wrote:Nowadays, with the inflation and all, I guess 500k is the new "good" salary according to me, for a bachelor. If married, 800k will do. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 10/3/2008 Posts: 4,057 Location: Gwitu
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Jon Jones wrote:Nowadays, with the inflation and all, I guess 500k is the new "good" salary according to me, for a bachelor. If married, 800k will do. And remember Net salary after tax for gross salaryof 500K will be around 360K. Truth forever on the scaffold Wrong forever on the throne (James Russell Rowell)
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