Anyone who is lucky enough to call Cape Town home – whether temporarily or permanently – knows that it’s a beautiful city. The majestic mountains, white-sandy beaches, and rolling vineyards are just a taste of what we get to enjoy on a daily basis. So, why wouldn’t you want to call this city home?
Well, according to a recent study conducted by money.co.uk, the Mother City is now considered the sixth cheapest city to relocate to in the world. While it may not feel like that when you’re paying your rent and buying groceries, the study took a number of factors into consideration, including house prices, living costs, and average salary. All these aspects came together to provide the company with the most affordable places to relocate to around the globe.
Istanbul managed to snag the top spot and be crowned “most affordable city to relocate to” with annual living costs said to average €15 127 (R270 000). While Cape Town may not be at the top, the study found that you’d need to fork out around €21 295 – approximately, R385 496 annually. Along with being a great destination to relocate to, the city also scored in terms of temperature and high average monthly salaries.
The most expensive city to relocate to you ask? Basel, Switzerland is at the top of the list of the most expensive cities to pack your bags to with annual costs averaging around €63 754 (R1 million).
If you’re looking to set your sights on something different, check out the detailed report on all the best countries and cities to emigrate to.