When you think of sky high buildings, clean skies, and best education facilities you think of New Zealand. Here comes the question, what must it be to live in a country like New Zealand? That’s why we’re here to enlighten you with the cost of living in New Zealand. Let’s find out:
The Living Conditions and Cost of Living in New Zealand
The cost of living in a country like New Zealand can vary depending on the city and region. Being a developed nation, the cost of living is higher in cities like Auckland, Wellington, and Christchurch compared to smaller towns and rural areas where the prices are much more affordable.
Some of the major expenses to consider are food, transportation, and healthcare. Here’s the breakdown:
- Rent for a 1-bedroom apartment in the city centre – is 1,200 – 2000 NZD per month, while a similar apartment in town can be around NZD 800 to NZD 1,200 per month.
- In terms of groceries and dining, the average cost of a meal at a mid-range restaurant is around NZD 25 to NZD 40. Moreover, buying groceries and cooking meals at your house can be a more affordable option.
- Lastly, in terms of transportation, costs can add up with public transportation ranging from NZD 2.50 to NZD 10 per trip, depending on the distance and mode of transport. Here, owning a car is an expensive option due to high petrol prices and vehicle registration fees.
Total Cost of living in New Zealand
- Family of four estimated monthly costs: NZ$8,037
- Single-person estimated monthly costs: NZ$4,582
- The cost of living in New Zealand is more expensive than in 83% of countries in the World.
Conclusion
In conclusion, it is important to carefully budget and plan for your expenses while living in New Zealand. However, looking at the high quality of life, stunning natural beauty, and friendly culture it is a worthwhile investment to live in New Zealand.
FAQs
The average Salary in New Zealand is NZD$56,160 per annum based on a 40-hour week job.
The minimum wage in NZ is now $22.70 per hour, effective from April 1st 2023.
If your salary is in the range of $48,001 – $70,000, you will end up paying 30% as taxes