What Is The Average Wage In NZ 2020?

How much money do you need to live comfortably in New Zealand?

The average cost of living in New Zealand is not so attractive.

In fact, a family a four spends around 6,000 NZD to 8,000 NZD (3,600 to 4,800 USD) per month.

Why is it so expensive to live in New Zealand.

The answer is simple….Cost of Living in Wellington.Single expat1,300 NZD790 USDFamily of four4,600 NZD2,800 USDApr 21, 2020.

What is the average wage in NZ?

In the year to the June 2019 quarter: median hourly earnings from wages and salaries increased $0.50 (2.0 percent), to $25.50. gender pay gap was 9.3 percent. median weekly income from wages and salaries was $1,016….Hourly wage and salary earnings rise 2.0 percent annually.YearMenWomen20193.33.220 more rows•Aug 20, 2019

What is considered a good salary in New Zealand?

New Zealand’s median income is $52,000. Sixty per cent of four-person households earn more than $102,500. Working for Families credits are available to households earning up to $120,500, if they have four or more children. Economist Cameron Bagrie, of Bagrie Economics, said New Zealanders were not well paid.

Is $70000 a good salary for a single person?

U.S. median household income is released by the U.S. Census Bureau each September for the previous year. … An income of $70,000 surpasses both the median incomes for individuals and for households. By that standard, $70,000 is a good salary.

What are the negatives of living in New Zealand?

Everything is expensive, lack of job/career opportunities, far from everywhere. Houses are too expensive, renting an apartment almost take all your salary. As much as we would like to see NZ expanding its population, there’s a lack of job opportunities for locals and new migrants which is the main drawback.

What will the minimum wage be in 2020 NZ?

$18.90 per hourThe 2020 minimum wage will be $18.90 per hour.

Is $80000 a good salary?

$80,000 is very much an above-average annual salary for the US as a whole (to clarify another answer, $56,000 or so is the average household salary in the US, not the average individual, personal income, which is quite a good deal less than that.)

Is 60k a year a good salary?

In most parts of the US you already have access to a very good and healthy life at 60k. You’ve pretty much covered everything commonly deemed as a necessity and you probably have some money left over for “entertainment”. According to the 2008 US Census, making 60k a year is in the top 20%.

What is considered low income in New Zealand?

‘Low-wage economy’: What you need to earn to be an above-average earner in NZ. New Zealand workers need to earn more than $52,100 before tax each year to be considered an above-average earner. In a relatively low-wage earning society, full-time workers earning $1000 a week can think of themselves.

What is the average income for 2020?

The average U.S. household income is $87,864, and the median is $61,937. Asian households have the highest median income — $87,243 — among all other races. Women earn a median income of $42,238 while men earn $52,004. Householders aged 45 to 54 have the highest median income among all age groups at $84,464.

What is the NZ Living Wage 2020?

The New Zealand Living Wage hourly rate for 2020/21 is $22.10. It will come into effect on 1 September 2020. The Living Wage concept is very simple, yet such a powerful alternative – it’s the hourly wage a worker needs to pay for the necessities of life and participate as an active citizen in the community.

What is the highest paying job in NZ?

Top 10 Highest-Paying Jobs in New ZealandReal estate agent.Accountant. … Oil and gas engineer. … Investment banker. Average salary: NZ$117,200 ($79,600) … Construction manager. Average salary: NZ$114,930 ($78,060) … Software engineer. Average salary: NZ$112,600 ($76,470) … Management consultant. Average salary: NZ$111,490 ($75,720) … Lawyer. Average salary: NZ$111,440 ($75,680) … More items…•

Is minimum wage going up in 2020 NZ?

The Government has indicated its intentions to increase the minimum wage to $20.00 per hour in 2020 since 2018.

Is 100k a good salary in New Zealand?

Because the cost of living varies throughout New Zealand, the definition of a high income also varies. $100,000 will not go far in Auckland or central Otago, for example, but could be considered plenty in an area like Southland. On top of this, income tax will also take a chunk out of your 100k salary.

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.