What is the average salary in NZ?

The median weekly income for wage and salary workers in New Zealand was NZ$1,093 per week as of June 2021 (or NZ$58,836 per year). The median hourly earnings was $27,76 (Data from Stats NZ - Labour market statistics).

What is good salary in NZ?

A person working in New Zealand typically earns around 97,300 NZD per year. Salaries range from 24,600 NZD (lowest average) to 434,000 NZD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.

Is $70000 a good salary in New Zealand?

Labour MP Deborah Russell and National MP Stuart Smith weighed in on the issue this week. Almost half of Auckland households earning between $70,000 and $100,000 a year say they are just able to make ends meet. Commentators said what would count as "wealthy" in New Zealand in 2019 was subjective.

What is a liveable salary in NZ?

The New Zealand Living Wage hourly rate for 2022/23 is $23.65. It was announced on April 1 and will come into effect on 1 September 2022.

What is the average wage in NZ 2022?

In the year to the March 2022 quarter, average ordinary time hourly earnings, as measured by the QES, increased to $36.18 (up 4.8 percent). Private sector ordinary time hourly earnings increased by 5.3 percent, to $34.36.

How much Salary ??You Earn in New Zealand | Part Time | Full Time | Income | Well paid occupation

What is the lowest paying job in NZ?

The lowest paid jobs in New Zealand, relative to qualifications and experience, are all in the services sector, with hotel receptionists, waiters/waitresses and bar staff regularly being rated right at the bottom of the scale.

What is the highest paying job in NZ?

The highest-paying job in New Zealand is that of CEO or Managing Director. They earn, on the low end, around NZ$120,000 per year and, on average, around NZ$560,000 per year. On the high end, they can earn as much as NZ$4.5 million per year!

What is middle class income NZ?

It has released new household net worth statistics, which indicate the median net wealth of New Zealand households hit $397,000 in June last year, up from $328,000 in June 2018. Those in the poorest quintile had median net worth of $11,000, up from $8000 in 2015 and 2018.

What is low income in NZ?

$72,800. The proposed income limit for a single person (18+ years) is based on working full time 40 hours per week on a minimum wage of $20 gross per hour. For a couple with children, this limit is doubled; and for a sole parent with one or two children, the limit is a midpoint between the single and couple rate.

How much do doctors earn NZ?

The median (average) salary for a Doctor in New Zealand is NZ$152,900 per year (NZ$73.51 per hour), which is 160% higher than the national median (average) salary. Doctor salary range: NZ$71,304 to NZ$600,000 (excluding after-hours duties, allowances and other benefits in the remuneration package).

Is 120k a year rich?

The median income for the US was $67,512 in 2020. This means that a salary of $120,000 is around double the US median household income, and it is almost four times the average single person income – only very high earners earn significantly above this.

What jobs earn 100K a year?

What is a good salary in NZ per hour?

The median weekly income for wage and salary workers in New Zealand was NZ$1,093 per week as of June 2021 (or NZ$58,836 per year). The median hourly earnings was $27,76 (Data from Stats NZ - Labour market statistics).

Is 60k a good salary in New Zealand?

NZ is a relatively expensive place to live. But you will get by on $60k if you rent and live frugally. You won't be poor, many in other countries would consider you rich.

Is $83000 a good salary?

Depending on the size of your family, $80,000 can comfortably cover living expenses and beyond. According to the U.S census as of 2020, the median salary for a four-person household is $68,400 per year, making 80K a substantially higher income than that of the average American.

What is the poorest town in New Zealand?

Kawerau is New Zealand's poorest town. It has the country's lowest average income, its highest share of sole parents and beneficiaries, and has been dominated for 30 years by the Mongrel Mob.

Is NZ a poor country?

In fact, New Zealand is a sought-after location for films, with popular movies like “the Lord of the Rings” showcasing the natural beauty of the area. However, such an idyllic and prosperous country has a darker underbelly. Poverty exists in New Zealand despite its ranking as a developed country.

What is upper class in NZ?

Stats NZ data shows that to be in the top 1 per cent on an individual level in New Zealand, you need to have assets of $3.89 million. To be in the top 5 per cent, you need to clear $1.4m. On a household level, you get to 1 per cent with combined assets of $7.8 million.

What is the average net worth in NZ?

Household median net worth has been increasing for several years and was estimated at $397,000 in 2021, having increased 21% on the previous survey in 2018 and 39% on the first survey of its type in 2015. Household net worth is calculated as the value of both financial (stocks, bank deposits etc.)

How much does the Prime Minister get paid NZ?

Salary and perquisites

MPs' salaries have been temporarily reduced during the COVID-19 pandemic in New Zealand—the prime minister's salary is NZ$471,049. In addition, like all other ministers and MPs, the prime minister receives annual allowances for travel and lodging, as do the prime minister's spouse and children.

What is a good starting salary?

Most will earn closer to $50,000. PayScale estimates the typical graduate with zero to five years experience makes $48,400. The National Association of Colleges and Employers (NACE) calculates that the preliminary average starting salary for graduates from the class of 2018 is about $50,004.

Why are wages so low in New Zealand?

One of the reasons Aotearoa New Zealand has a low wage economy is because benefits are so low, and provide no competition for low wages. If they were raised, businesses would have to pay people better for their time and labour,” says Auckland Action Against Poverty coordinator Brooke Pao Stanley.

Who is the biggest employer in New Zealand?

Fletcher Building is New Zealand's biggest employer. From agriculture and forestry in the great outdoors to IT and call centre staff in office blocks, Kiwis work in a wide range of different jobs.