2023 New Zealand Cost of Living : Numbers !!!
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- Опубликовано: 2 фев 2023
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New Zealand’s biggest city is also its most expensive. While Auckland has some of the highest salaried jobs in the country (and the most significant job market) it’s also the most expensive place to rent, buy, or eat out.
According to the comparison website Glimp, to live alone in Auckland, you need to earn at least NZ$4,379 per month, while a family needs around NZ$7,984 per month to live comfortably.
Rent and mortgage payments are pretty high in Auckland. Expect to pay around NZ$2,414 per month to live alone or NZ$3,600 to rent a three-bedroom flat. The average house price in Auckland is NZ$1.25 million.
Unless you live in the central city or suburbs close to it, Auckland isn’t overly walkable or public transport friendly. While living in the suburbs will save you rent money, you may want to buy a car to get yourself around the wider city.
Read stats here
www.stats.govt.nz/insights?fi...
Limited Land and Isolated Geography:
New Zealand's unique geographical isolation plays a pivotal role in driving up the cost of living. With limited land and a small population spread across two main islands, the country faces logistical challenges in terms of infrastructure development and resource distribution. As a result, construction costs, transportation expenses, and the prices of everyday goods are all significantly higher than in more densely populated nations.
Housing Market Struggles:
The New Zealand housing market is notorious for its affordability crisis. Rapid population growth, fueled by immigration and internal migration, has put immense pressure on housing supply, leading to skyrocketing property prices. This, coupled with low-interest rates and robust demand, has made homeownership an elusive dream for many, while renters face steep rents that consume a significant portion of their income.
High Import Costs:
New Zealand is reliant on imports for many goods due to its limited domestic production capacities. The country's distance from major manufacturing hubs means that importing products comes with substantial shipping and transportation costs. As a result, consumers must bear the brunt of these expenses, leading to inflated prices for goods ranging from electronics and vehicles to everyday essentials.
Strong Currency and Wages:
The New Zealand dollar, commonly known as the Kiwi, has historically remained strong against other major currencies. While this strength has benefits for travelers and overseas investors, it also contributes to the high cost of living for locals. Combined with a relatively high minimum wage, prices for goods and services have risen accordingly, reflecting the increased spending power of consumers.
Exorbitant Healthcare and Education:
New Zealand is renowned for its excellent healthcare and education systems, but they come at a cost. Healthcare expenses, including medical treatments, prescription drugs, and health insurance, can quickly add up. Additionally, international students and residents alike face high tuition fees at New Zealand's reputable educational institutions, limiting access to quality education for some.
Conclusion:
New Zealand's allure as a destination of natural beauty and adventure is undeniably strong. However, the dream of living in this picturesque nation comes with a hefty price tag. The high cost of living in New Zealand can be attributed to a combination of limited land and isolation, a challenging housing market, high import costs, a strong currency, and the expense of quality healthcare and education. As New Zealand continues to grow and develop, it faces the ongoing challenge of striking a balance between preserving its unique qualities and providing affordable living options for its residents and prospective migrants 
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Informative 👌🙌
Bro this information was so detailing. U explained every point deeply. Kudos to u and waiting for more videos.
Short and crisp video , I haven’t came across a video of Nz expense to the point like you
I will be coming there to study so I do watch a lot of NZ videos
Big fan here , you got it man !
🥸
Bro your vlog is super awwsmmm!! the way u shoot speak everything seems to be so interactive!! feels like u speak from your heart!! ohh yes editing too!! Thank you bhaiya its very helpfull for peeps like us u who want to come to nz!! and pls continue to do!SO !THANK YOUU
Thank you 😊 🙏🏻
Bhai ek query thi, mera maine three years ka diploma kiya hua hai Architecture assistantship main, main ye janna chahta hu ki Newzealand main inko consider kiya jata hai, aur kisi lvl of education main kiya jata hai please help kr dijiye, kyuki main as a draftsman anna chahta hu Newzealand main.
Sir ji Immigration me kya puchte hai New Zealand m tell me 😊😊
Bhai ,UK and NZ what should be preferred,i know it's not easy and logical to compare,but interms of PR, lifestyle,jobs ,will NZ grow in coming years as a economy or its just a small island and will remain like it only?
Definitely not a small island ,there are opps here depends on what field you want to pursue . Compared to UK you would 100 percent make more money in uk doing the exact same thing in nz .
Lifestyle wise Nz is better that’s my opinion which is mainly due to weather and work life balance and culture .
Uk has Europe in periphery so that’s there but nz has Australia next to it too .
Many people move to auss to expand in career and a lot of people come to nz from uk for work life balance so you’ll have to make that call with what you want .PR is not difficult for somebody who is skilled in nz , not sure about uk and growth of economy is steady nothing extravagant like 2 percent per year , unemployment is low .
hi
Is 94800 PA in auckland sufficient if you are not married and have around 4 yrs of IT Experience?
and they are ready to give relocation expenses as well like tickets as well as 6k nzd and 2 weeks rent.
Yes 94k is enough to start your career , if you have the time and chance watch the cost of living video on the channel it’ll give you a context of expenses and saving after 94 k.
@@ragamuffinshiv already watched
and you in one of the video you said that for senior software engineers the salary ranges between 110-140
thats why I was wondering whether I should negotiate more with them or not
@@discoverAotearoa whats the role ?
@@ragamuffinshiv can I ping or dm you?
Hi,
I am a keen golfer, is their any scope to pursue the same economically?
Golf is relatively cheap in NZ , off course if you are making money in nzd. That's what i have been told by my friends who are into it .
@@ragamuffinshiv wow...thats a lovely news...
Just hope I get through.
Thank you so much though
could we get single room over there?
Easily
whats is income tax slab who earn 65/70 k nzd per annun
New Zealand has progressive or gradual tax rates
Up to $14,000-10.5%
Over $14,000 and up to $48,000-17.5%
Over $48,000 and up to $70,000-30%
you'll pay around 12,520.00 on 65k annual .
GST of everything you buy is Flat 15 percent
@@ragamuffinshiv tks if somebody earn 70000 u mean 30 % deducted 21000 nzd???? any scope and method to get refund on return filing like india
Nahi bhai progressive rate hai
48 to 70 pe 30 percent lagega ,
Slab k hisaab se deduction first 14 k pe and 10.5 fir next 48 pe 17.5 then leftover pe 30 percent .
Yes you can do your returns and claim tax exemptions but individual salary pe India Jaise rebates Nahi hai , options low hain tax saving k .
If you buy a new house you can claim tax rebate on interest you pay for the Mortage . Simple hai nz ka tax system but Kaafi high hai .
@@ragamuffinshiv lovely so fast so accurate reply tks
@@ragamuffinshiv ek last advise on this subject any refund claim system at filing return aur aisa kuch
Bahut kam ka video hai
Bhai can I get your Instagram I'd?
Ragamuffin_shiv