In Nairobi rent consumes a larger proportion of people’s income. If your monthly income is Ksh 30,000 to Ksh 50,000, you are required to pay rent of Ksh 5,000 to Ksh12, 000.Your monthly rent should not exceed 30% of your income. In Nairobi it’s hard to find a decent house you can pay Ksh 5,000 and below. With Ksh 5,000 to Ksh 10, 000, you will get a bedsitter or a one bedroom house.
If your gross salary is Ksh 50, 000, your net pay will be Ksh 40,000.So it means you will remain with Ksh40, 000 to spend. Shopping, food and transport will consume Ksh 20,000.You will spend Ksh 10,000 on rent and remain with Ksh10, 000 to save. Saving is very important here in Nairobi and the first step is to reduce spending on rent.
If your income is Ksh40, 000 per month, you should pay rent of Ksh6, 000 to Ksh9, 000.
Some of the cheapest estates to settle in with your Ksh 30,000 to Ksh50, 000 salary are:
- Pipeline
- Kayole
- Rongai
- Ngong
- Umoja
- Githurai
- Roysambu
- Komarock
- Kahawa West
- Kawangware
- Uthiru
This salary (Ksh50, 000) is not a lot, don’t be tempted to buy a car or indulge in alcohol. You can’t manage to sustain your car with Ksh 50,000 monthly salary.Alcohol will also consume more than Ksh 10,000 monthly.