Cape Town is one of the most beautiful cities in South Africa, known for its scenic beauty, world-class beaches, and rich cultural heritage. It is a popular destination for tourists and expats alike, but if you are planning to stay in Cape Town for the long haul, you need to consider the cost of living. In this guide, we will take a look at the cost of living in Cape Town for long-term renters.
The biggest expense that you will face as a long-term renter in Cape Town is housing. The cost of renting an apartment or house varies depending on the location and size of the property. If you want to live close to the city center or in popular neighborhoods like Camps Bay or Clifton Beach, expect to pay a premium price. On average, a one-bedroom apartment in these areas can cost between R8,000 ($530) and R15,000 ($990) per month. However, if you are willing to live farther from the city center or in less trendy neighborhoods like Woodstock or Observatory, you can find more affordable options ranging from R5,000 ($330) to R10,000 ($660) per month.
In addition to rent costs, you will also need to factor in utilities such as electricity and water bills when calculating your monthly expenses. The average monthly cost for basic utilities like water and electricity is around R1,500 ($100). However, this can vary depending on your usage habits and whether your apartment has pre-paid meters or not.
Cape Town has an extensive public transportation system that includes buses and trains. The MyCiTi bus service operates throughout the city with fares starting at R10 ($0.66) per trip while Metrorail provides train services across various routes with prices ranging from R7 ($0.46) up to R35 ($2.32). Alternatively , there are ride-hailing services like Uber and Bolt that you can use for your commute, with prices starting at around R30 ($1.99) for a short trip.
Food costs in Cape Town vary depending on where you shop and the type of food you buy. A basic grocery basket that includes essentials like bread, milk, eggs, and vegetables can cost around R700 ($46) while eating out at a mid-range restaurant can cost between R150 ($10) to R300 ($20).
Living in Cape Town as a long-term renter can be expensive but with proper planning and budgeting, it is still possible to live comfortably within your means. When looking for accommodation options, consider location carefully as it will greatly affect the overall living costs. Also factor in utilities costs as well as transportation expenses when calculating your monthly budget. Finally, by shopping smartly for food items and eating out only occasionally, you can save some money while still enjoying all that Cape Town has to offer.