Salaries in New Zealand - How do they compare for your industry? Move to NZ (2024)

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Salaries in New Zealand - How do they compare for your industry? Move to NZ? ›

New Zealand wages vary greatly by industry and we also record regional variations: as a guideline, salaries are higher where the cost of living and housing is dearer. The median income in New Zealand is just under NZ$29.66 per hour as of February 2023 (NZD$61,692.80) per annum based on a 40-hour week).

The difference between a salary and a wage is that salaried work usually involves being paid a set amount per year. Your employment contract will tell you how much you're expected to work (for example. 40 hours per week), and the amount you're paid is consistent from pay cheque to pay cheque.

According to the latest figures, the average salary in New Zealand per month is 8,200 NZD or 97,300 NZD per year. As of 2023, the gross minimum salary in New Zealand is 21.20 NZD per hour. Salaries range from 24,600 NZD to 434,000 NZD per year and include housing, transport, and other benefits.

Large differences in wages may be the result of a combination of factors, such as industry of employment, geographic location, and worker skill. To identify occupations with big wage differences, this article looks at percentile wages. Percentile wages show how workers' pay varies.

Workers aged 20 to 24 have a median hourly rate of $26 (in line with the current living wage) and median weekly income of $1008. That works out to $52,416 a year. Those in their late twenties earn a median weekly income of $1247 at a rate of $30 an hour.

“This proportion rose to around 1.9% in 2003, with 38,400 earning $100,000-plus. By 2013, this proportion had risen to 5.9%, with 137,800 people earning above $100,000-plus. In 2023, a considerable 15.6% of Kiwi wage and salary earners earnt $100,000-plus, with 442,000 doing so.”

New data has found New Zealand's average salary has reached a new high, with every region seeing an increase. According to Trade Me, this is the first time the average salary in Aotearoa has crossed the $70,000 mark.

'The Living Wage is the income necessary to provide workers and their families with the basic necessities of life. A living wage enables workers to live with dignity and to participate as active citizens in society. ' From 1 September 2024, the Living Wage hourly rate is $27.80.

Does New Zealand have free healthcare? ›

Overview. New Zealand's healthcare system comprises of public, private, and voluntary sectors. Around 85% of New Zealand's healthcare is government funded. New Zealand citizens receive free or subsidized healthcare.

The foundation of New Zealand's economy is the export of agricultural commodities such as dairy products, meat, forest products, fruit and vegetables, and wine. Dairy, New Zealand's largest export commodity group making up 28% of all exports totaled approximately US$13 billion.

The rent cost in New Zealand largely depends on the location. Rent in New Zealand is calculated weekly. The average rent in New Zealand is approximately NZD 400 a week for a small home (one or two bedrooms) and NZD 530 for a two- or four-bedroom apartment or house.

Wage difference among workers within an occupation is often a function of industry and employer. Employer success, market dominance, corporate culture and clientele are all factors influencing how much an employer is willing to pay its employees.

Using the median approach eliminates the skewing that can happen due to the extreme salaries in the data. The median salary in the example above is $19,000, which is more in line with what the majority earns.

Areas with more skilled workers will tend to have higher mean wages. Though, average wages may differ among different areas because they offer different levels of amenities. It is usually believed in economics that wages in areas where the level of amenity is high comparatively to other areas will be lower.

If you're considering moving to Wellington, you may have wondered how much money you'll need to live comfortably in New Zealand's capital city. Some people can get by on $60,000 per year, while others may need $150,000 or more to live comfortably and service a mortgage.

If you make $100,000 a year living in New Zealand, you will be taxed $25,310. That means that your net pay will be $74,690 per year, or $6,224 per month. Your average tax rate is 25.3% and your marginal tax rate is 34.4%. This marginal tax rate means that your immediate additional income will be taxed at this rate.