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What is a "good salary" in Kenya?
Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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Swenani wrote:sitaki.kujulikana wrote:Swenani wrote:tnai9 wrote:githundi wrote:Swenani wrote:githundi wrote:Just wondering. ..how many earn above 450 k gross here. ..let us be real. .
Mimi sijafika huko. .. Hii wazua sio ya watu wanaoishi huko Yols, ask admin to start a forum for "your kind" of people earning peanuts or you join me in relocating to Todonyang Wewe Swenani wacha matusi. .. Just saying those earning more than 450k are outliers in the scheme of things #Fact 450K gross house hold income think ni wengi kiasi. OK I imagine. 450K gross salary for individuals will be mostly for deputy managers/managers in large Corporations/Private sector. Husband and wife who are in middle management in these corporations will also make that combined. You have no idea of what you are talking about! I thought that is the starting salary of most software devs, akina masukuma na alma  Even a graduate with CPA and 3 yrs expe who is nota manager(who doesn't even supervise the filing clerk intern) makes that wacha graduates, hata boni a highschool drop out easily makes that, I was surpriced the other day to learn that some graphic designers, guys who never even saw the inside of uon making half that amount, if you add in a similar spouse and that ka figure is reached easily.
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Rank: Member Joined: 7/17/2011 Posts: 627 Location: Mbui-Nzau, Kikumbulyu
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sitaki.kujulikana wrote:Swenani wrote:sitaki.kujulikana wrote:Swenani wrote:tnai9 wrote:githundi wrote:Swenani wrote:githundi wrote:Just wondering. ..how many earn above 450 k gross here. ..let us be real. .
Mimi sijafika huko. .. Hii wazua sio ya watu wanaoishi huko Yols, ask admin to start a forum for "your kind" of people earning peanuts or you join me in relocating to Todonyang Wewe Swenani wacha matusi. .. Just saying those earning more than 450k are outliers in the scheme of things #Fact 450K gross house hold income think ni wengi kiasi. OK I imagine. 450K gross salary for individuals will be mostly for deputy managers/managers in large Corporations/Private sector. Husband and wife who are in middle management in these corporations will also make that combined. You have no idea of what you are talking about! I thought that is the starting salary of most software devs, akina masukuma na alma Even a graduate with CPA and 3 yrs expe who is nota manager(who doesn't even supervise the filing clerk intern) makes that wacha graduates, hata boni a highschool drop out easily makes that, I was surpriced the other day to learn that some graphic designers, guys who never even saw the inside of uon making half that amount, if you add in a similar spouse and that ka figure is reached easily. What is this deriding of matters Arts and Design ...that is pure talent and it pays and a lot for that matter
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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sitaki.kujulikana wrote:josimar wrote:
Count Yourself lucky if You have a gross salary above 200,000ksh. The low mortgage uptake statistics in Kenya is a pointer that a small percentage of the population can comfortably service a monthly mortgage payment of 100,000ksh , that is unless You are a banker.
it would be tricky using housing and especially mortgage as a pointer to what people earn, in kenya housing is cheap, do you know that majority of Kenyans actually own their homes, plus if one is even earning 50k it is very affordable for the same individual to own a house, a ka loan of 700k get one a nice plot and another loan of around 800k will put up a decent 3 bedroom house 
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Lolest! wrote:sitaki.kujulikana wrote:josimar wrote:
Count Yourself lucky if You have a gross salary above 200,000ksh. The low mortgage uptake statistics in Kenya is a pointer that a small percentage of the population can comfortably service a monthly mortgage payment of 100,000ksh , that is unless You are a banker.
it would be tricky using housing and especially mortgage as a pointer to what people earn, in kenya housing is cheap, do you know that majority of Kenyans actually own their homes, plus if one is even earning 50k it is very affordable for the same individual to own a house, a ka loan of 700k get one a nice plot and another loan of around 800k will put up a decent 3 bedroom house Maybe simba and dala in shaggs In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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sitaki.kujulikana wrote:josimar wrote:
Count Yourself lucky if You have a gross salary above 200,000ksh. The low mortgage uptake statistics in Kenya is a pointer that a small percentage of the population can comfortably service a monthly mortgage payment of 100,000ksh , that is unless You are a banker.
it would be tricky using housing and especially mortgage as a pointer to what people earn, in kenya housing is cheap, do you know that majority of Kenyans actually own their homes, plus if one is even earning 50k it is very affordable for the same individual to own a house, a ka loan of 700k get one a nice plot and another loan of around 800k will put up a decent 3 bedroom house Some of this ignorance inaokotwa kwa barabara gani? A person earning a gross of 50K ends up with aprox 40K net after taxes, If he takes a loan of 1.5M(700k shamba and 800K house) assuming he commits all his/her income to loan repayment and the loan is interest free, it will take him 4 years to repay the loan. But since it's impossible for someone to commit all their income towards loan repayment, a person earning a gross of 50K can only commit a max of 10K towards loan repayment which will take him 12.5 years assuming the loan is interest free. Tuwache kudanganyana tafasari If Obiero did it, Who Am I?
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Swenani wrote:sitaki.kujulikana wrote:josimar wrote:
Count Yourself lucky if You have a gross salary above 200,000ksh. The low mortgage uptake statistics in Kenya is a pointer that a small percentage of the population can comfortably service a monthly mortgage payment of 100,000ksh , that is unless You are a banker.
it would be tricky using housing and especially mortgage as a pointer to what people earn, in kenya housing is cheap, do you know that majority of Kenyans actually own their homes, plus if one is even earning 50k it is very affordable for the same individual to own a house, a ka loan of 700k get one a nice plot and another loan of around 800k will put up a decent 3 bedroom house Some of this ignorance inaokotwa kwa barabara gani? A person earning a gross of 50K ends up with aprox 40K net after taxes, If he takes a loan of 1.5M(700k shamba and 800K house) assuming he commits all his/her income to loan repayment and the loan is interest free, it will take him 4 years to repay the loan. But since it's impossible for someone to commit all their income towards loan repayment, a person earning a gross of 50K can only commit a max of 10K towards loan repayment which will take him 12.5 years assuming the loan is interest free. Tuwache kudanganyana tafasari Many teachers have managed to buy land and put up nice 3bdrm houses in the rural areas, and educate their kids upto university while earning less than 50k. So how do they do it? If teachers can do it why not others?
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Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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Swenani wrote:sitaki.kujulikana wrote:josimar wrote:
Count Yourself lucky if You have a gross salary above 200,000ksh. The low mortgage uptake statistics in Kenya is a pointer that a small percentage of the population can comfortably service a monthly mortgage payment of 100,000ksh , that is unless You are a banker.
it would be tricky using housing and especially mortgage as a pointer to what people earn, in kenya housing is cheap, do you know that majority of Kenyans actually own their homes, plus if one is even earning 50k it is very affordable for the same individual to own a house, a ka loan of 700k get one a nice plot and another loan of around 800k will put up a decent 3 bedroom house Some of this ignorance inaokotwa kwa barabara gani? A person earning a gross of 50K ends up with aprox 40K net after taxes, If he takes a loan of 1.5M(700k shamba and 800K house) assuming he commits all his/her income to loan repayment and the loan is interest free, it will take him 4 years to repay the loan. But since it's impossible for someone to commit all their income towards loan repayment, a person earning a gross of 50K can only commit a max of 10K towards loan repayment which will take him 12.5 years assuming the loan is interest free. Tuwache kudanganyana tafasari sasa what is the lie, you have done your calculations and come up with 12 years, that is a decent amount of time to pay up a loan for a home, ama what am I missing
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Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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wanyee wrote:sitaki.kujulikana wrote:Swenani wrote:sitaki.kujulikana wrote:Swenani wrote:tnai9 wrote:githundi wrote:Swenani wrote:githundi wrote:Just wondering. ..how many earn above 450 k gross here. ..let us be real. .
Mimi sijafika huko. .. Hii wazua sio ya watu wanaoishi huko Yols, ask admin to start a forum for "your kind" of people earning peanuts or you join me in relocating to Todonyang Wewe Swenani wacha matusi. .. Just saying those earning more than 450k are outliers in the scheme of things #Fact 450K gross house hold income think ni wengi kiasi. OK I imagine. 450K gross salary for individuals will be mostly for deputy managers/managers in large Corporations/Private sector. Husband and wife who are in middle management in these corporations will also make that combined. You have no idea of what you are talking about! I thought that is the starting salary of most software devs, akina masukuma na alma Even a graduate with CPA and 3 yrs expe who is nota manager(who doesn't even supervise the filing clerk intern) makes that wacha graduates, hata boni a highschool drop out easily makes that, I was surpriced the other day to learn that some graphic designers, guys who never even saw the inside of uon making half that amount, if you add in a similar spouse and that ka figure is reached easily. What is this deriding of matters Arts and Design ...that is pure talent and it pays and a lot for that matter no derision, just showing that one does not necessarily have to be a graduate to make decent money
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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hardwood wrote:Swenani wrote:sitaki.kujulikana wrote:josimar wrote:
Count Yourself lucky if You have a gross salary above 200,000ksh. The low mortgage uptake statistics in Kenya is a pointer that a small percentage of the population can comfortably service a monthly mortgage payment of 100,000ksh , that is unless You are a banker.
it would be tricky using housing and especially mortgage as a pointer to what people earn, in kenya housing is cheap, do you know that majority of Kenyans actually own their homes, plus if one is even earning 50k it is very affordable for the same individual to own a house, a ka loan of 700k get one a nice plot and another loan of around 800k will put up a decent 3 bedroom house Some of this ignorance inaokotwa kwa barabara gani? A person earning a gross of 50K ends up with aprox 40K net after taxes, If he takes a loan of 1.5M(700k shamba and 800K house) assuming he commits all his/her income to loan repayment and the loan is interest free, it will take him 4 years to repay the loan. But since it's impossible for someone to commit all their income towards loan repayment, a person earning a gross of 50K can only commit a max of 10K towards loan repayment which will take him 12.5 years assuming the loan is interest free. Tuwache kudanganyana tafasari Many teachers have managed to buy land and put up nice 3bdrm houses in the rural areas, and educate their kids upto university while earning less than 50k. So how do they do it? If teachers can do it why not others? 1. most teachers have built on their ancestral land, meaning there isn't land acquisition cost 2.If they acquired land, they didn't buy the land at 700k 3. Most teachers and police men have put up houses costing less than 300K 4.I'm not disputing the fact that someone can put up a house with a salary of 50k, but I'm disputing the fact that a person with an income of 50k can service a loan of 1.5 mirrion If Obiero did it, Who Am I?
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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sitaki.kujulikana wrote:Swenani wrote:sitaki.kujulikana wrote:josimar wrote:
Count Yourself lucky if You have a gross salary above 200,000ksh. The low mortgage uptake statistics in Kenya is a pointer that a small percentage of the population can comfortably service a monthly mortgage payment of 100,000ksh , that is unless You are a banker.
it would be tricky using housing and especially mortgage as a pointer to what people earn, in kenya housing is cheap, do you know that majority of Kenyans actually own their homes, plus if one is even earning 50k it is very affordable for the same individual to own a house, a ka loan of 700k get one a nice plot and another loan of around 800k will put up a decent 3 bedroom house Some of this ignorance inaokotwa kwa barabara gani? A person earning a gross of 50K ends up with aprox 40K net after taxes, If he takes a loan of 1.5M(700k shamba and 800K house) assuming he commits all his/her income to loan repayment and the loan is interest free, it will take him 4 years to repay the loan. But since it's impossible for someone to commit all their income towards loan repayment, a person earning a gross of 50K can only commit a max of 10K towards loan repayment which will take him 12.5 years assuming the loan is interest free. Tuwache kudanganyana tafasari sasa what is the lie, you have done your calculations and come up with 12 years, that is a decent amount of time to pay up a loan for a home, ama what am I missing If you think its okay for someone to commit all their monthly/annual earnings towards loan repayment for 12.5 yrs,then you must have your head replaced with a mango If Obiero did it, Who Am I?
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