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Thread: Cost of Living and Salary Calculator

  1. #1
    Join Date
    Nov 2006
    Location
    Christchurch, NZ
    Posts
    178

    Default Cost of Living and Salary Calculator

    Use the attached spreadsheet to calculate how much it will cost you to live in New Zealand and what salary you need to earn in NZ$ to afford the lifestyle you want.

    (spreadsheet inside attached zip file)

  2. #2
    Join Date
    Mar 2007
    Location
    was Oxford nr Chch, NZ now UK
    Posts
    1,288

    Default

    Thanks - you have been busy

  3. #3
    Join Date
    Jan 2008
    Posts
    34

    Default

    Interesting, 68k is that one or two incomes?
    I earn 30k, full time work, my partner earns 45k full time work.
    Took us a couple of years to get to this income.
    Most people here earn 12-20 dollars an hour.

  4. #4
    Join Date
    Nov 2006
    Location
    Christchurch, NZ
    Posts
    178

    Default

    Numbers are illustrative only and based on 1 salary. It gets too complex with multiple salaries to put in a simple way on a spreadsheet.

    As stated in the spreadsheet, if you have 2 incomes then you will probably need to earn less than half of the single salary as you'll each pay less in the higher tax bands.

    For example, at a single $75000 income, you'll pay $21495 in tax and ACC. With two incomes of $30000 and $45000, you'll pay a combined total of $16545 in tax and ACC.

  5. #5
    Join Date
    May 2007
    Location
    Wellington
    Posts
    765

    Default

    Thanks for that. Very useful.

  6. #6
    Join Date
    Apr 2008
    Location
    UK
    Posts
    29

    Default

    hey thank you so much this it is really brilliant.. just what I needed
    we are getting down to minor details after the shock of the consultants ringing us and saying Dh is top of the list of applicants
    but my hubby is really worried about taking a pay cut as he is on a good deal here....

    really tough call if we proceed any further
    thanks again, this may help others too

  7. #7
    Join Date
    Apr 2008
    Location
    Christchurch, NZ
    Posts
    432

  8. #8
    Join Date
    Jun 2008
    Location
    Tauranga, New Zealand
    Posts
    93

    Default

    Very useful and excellent to sort things out for me and the family. We are there from Feb 2009 and when you have a lot of things to think of you start to panic.

  9. #9
    Join Date
    Jun 2008
    Location
    Seattle, Washington
    Posts
    7

    Default

    Thanks to both B&K and AndyR for taking the time to post this very helpful info.

  10. #10
    Join Date
    Jul 2008
    Location
    Slovenia
    Posts
    21

    Default

    [QUOTE=Björnsdotter;172088]I earn 30k, full time work, my partner earns 45k full time work.
    [QUOTE]

    May I ask what profile/job?

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