A family of four can expect to need NZ$5,000-NZ$6,000 per month to live. The cost of living in New Zealand, for one person in a major city, is between NZ$3,000-NZ$4,000 per month. The monthly cost of living in New Zealand This tenancy website has a helpful calculator that can tell you the average rent price in the city or town you plan on moving to. While rent will vary based on which city or town you live in. Average regional house prices in 2021 were the highest across all regions: House prices have been rising steadily in New Zealand for decades due to a lack of supply. The average property value across New Zealand is 7.9 times the average annual household income, an all-time high. New Zealand’s housing market went through a significant boom in 20. When it comes to the cost of living in New Zealand, expect accommodation to take up a good portion of your monthly budget. It’s a good idea to figure out how much income you will have after tax to see if you can afford to have the life you want in New Zealand.
Accounting - financial managers and controllers: NZ$124k.Accounting - strategy and planning: NZ$130k.High paying professionsĪccording to data from the job-seeking website Seek, architects in the information and communication technology (ICT) sector are offered the highest salary in the country at NZ$143,074 per annum. The minimum wage in New Zealand is NZ$20 an hour. A Bachelor’s degree can help you earn up to 40% over the average income. You may want to invest in your higher education before moving to New Zealand. Larger cities like Auckland and Wellington pay higher wages to keep up with the higher cost of living. Salaries differ depending on the region and the industry. The median income in New Zealand is around NZ$27 per hour or an annual salary of NZ$56,160 for a 40-hour week. However, New Zealand is a very egalitarian society with less extreme poverty and extreme wealth than most other countries. Salaries can be on the lower side compared to other Western countries. What’s the average salary in New Zealand?
#Average household expenses for family of 4 free#
With mandatory 4-weeks of annual leave, additional annual sick days, one year's worth of maternity leave per child, free healthcare and a high minimum wage, it’s a country with many social programs that aim to look after its citizens. To top it all off, New Zealand is a great place to live and raise a family due to its high level of work-life balance. As the first country to give women the vote, New Zealand continues to be a very progressive country.
New Zealand is exceptionally safe and has a low crime and corruption rate. However, most people looking to move to New Zealand are more interested in the lifestyle the country has to offer. There are downsides to moving to a small country.Ī smaller job market can make it more challenging for some people to find work, while New Zealand wages are typically lower than in many other Western countries. New Zealand has a population of 5 million people. Before moving to a new country, it’s always a good idea to set out a budget and understand whether you can afford to live comfortably in your new country. It’s safe, welcoming, filled with beautiful scenery, and the locals exude a type of friendliness that can be hard to find in other parts of the world.ĭespite all the pros of moving to this South Pacific island nation, the cost of living in New Zealand can be pretty high. The cost of living in New Zealand ranks highly on many indexes that prove it’s a fantastic place to live.
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