Is New Zealand good place to live?
It bursts with surreal natural beauty and high quality of life, while also being one of the safest countries in the world. It's filled with endless adventure opportunities, indigenous Maori culture, a world champion rugby team, and epic natural phenomena.
New Zealand is a great place to live as the quality of life is high, it's a safe country, and the whole country is an outdoorsy playground, meaning you have many awesome ways to fill your free time. Generally, people in New Zealand are friendly and enjoy a laid-back pace of life.
Basic Cost of Living in New Zealand
In addition to your tuition and insurance fees, you will need between $20,000 and $25,000 per year ($380–480 per week) for accommodation/rent, food expenses, transportation costs, phone bills, internet usage and entertainment.
New Zealand is therefore currently ranked 51 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then New Zealand is in the list of the world's richest countries in place 29. Inflation in New Zealand in 2022 was around 7.17%.
It's a popular destination for expats looking for a unique lifestyle and high quality of life. In fact, the country ranks well in many areas, including income, education, and health. Plus, there are multiple pathways to becoming a permanent resident in New Zealand.
- The landscape is unreal. Beauty awaits around every corner! ...
- It's incredibly safe. ...
- The food culture is to die for. ...
- There's free healthcare. ...
- It's extremely laid-back. ...
- It's easy to get a work visa.
The cost of living in New Zealand is relatively low compared to other countries, with basic food items such as milk, bread and eggs being cheaper than in most countries. Rent is also generally inexpensive, although rents in bigger cities can be higher compared to other parts of the country.
New Zealand's national average salary reached $70,000 for the first time, according to the latest Trade Me Jobs data. The average salary of $70,069 in the second quarter of 2023 was 6.1 per cent higher than the same period last year.
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 Healthcare System in New Zealand
With the 1938 Social Security Act, New Zealand brought into law universal and free healthcare. The Act requires that all New Zealand citizens have equal access to the same standard of treatment in an integrated, preventative health care system.
Is New Zealand a Third world country?
Examples of first world countries include the United States, Canada, Australia, New Zealand, and Japan.
Stats NZ data shows that in the year ended June 2021, the top 1% of New Zealand households had at least $7.59 million of net wealth – that's assets minus any debt held against them. To be a 1% individual, you would need net wealth of $3.866m. Internationally, the top 1% is US$1.147 million (NZ$2.059m).
As of 25 November 2023, Graeme Hart was the only New Zealander listed in the Bloomberg Billionaires Index. According to the Index, Hart is the 226th richest person in the world with an estimated net worth of US$9.71 billion, which was primarily accumulated through the finance industry.
Most snow in New Zealand falls in the mountain areas. Snow rarely falls in the coastal areas of the North Island and west of the South Island, although the east and south of the South Island may experience some snow in winter.
This is likely to depend on how long you want to stay, whether your skills are in demand in New Zealand, and if you are moving with your family. You'll likely need a job offer before applying for your visa.
Most individuals looking to migrate long-term will need a NZ job offer. Whether applying for a work visa or a residence visa under the Skilled Migrant Policy, most migrants are required to obtain an offer of skilled employment in New Zealand.
You don't need to drive to see New Zealand. Take the bus or train and you can enjoy the same scenery without the responsibility of driving in an unfamiliar environment. In some places you can travel by ferry. Travelling by plane is quick and convenient.
Forestry exports are an important component of New Zealand's economy. For many years New Zealand's economy was built on a narrow range of agricultural products, such as wool, meat and dairy.
Traditional New Zealand dishes include lamb, pork and venison, salmon, crayfish, bluff oysters, whitebait, mussels, scallops, kumara (sweet potato), kiwifruit, tamarillo and pavlova. Pavolva is a highly contested item in the rivalry between New Zealand and Australia as both countries lay claim to its origins.
In general, two-bedroom properties rent for between NZ$520 and NZ$650 a week, and three-bedroom properties rent for between NZ$670 and NZ$850 a week.
What is the average house price in New Zealand?
Average House Prices in New Zealand increased to 907387 NZD in October from 899256 NZD in September of 2023. Average House Prices in New Zealand averaged 594498.49 NZD from 2007 until 2023, reaching an all time high of 1063765.00 NZD in January of 2022 and a record low of 375577.00 NZD in February of 2009.
Earning $100,000 salary per year before tax in New Zealand, your net take home pay will be $74,550.00 per year. This is equivalent to $6,212.50 per month, or $1,433.65 per week. Your average tax rate will be 25.45%. Your marginal tax rate will be 33.00% which is in the 4th tax bracket.
- Surgeons and Specialists. ...
- IT Managers and IT Architects. ...
- Chief Executives and Managing Directors. ...
- Engineering Managers. ...
- Financial Managers and Controllers. ...
- Legal Professionals.
Then there's the middle class, which economists define as stretching between $30,000 and $70,000 a household a year, fighting to look good in their Japanese imports with new plates, clutching their candy-coloured Nokias, wearing Glassons designer-copy clothes.
While tertiary qualifications and study work well, it is certainly not the only avenue to securing a great job as many employers' value life experience and passion above all else." And we'd agree with that. Degrees never have been, and never will be, needed for all jobs in New Zealand.