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Thread: Cost of living in NZ

  1. #1
    Join Date
    Oct 2013
    Location
    Sweden
    Posts
    2

    Default Cost of living in NZ

    Hi,
    We are a family of 3 planning to move to NZ. One of us has a job offer, 130 kNZD/year pre-tax. We'd be living in the Christchuch area. What kind of living standard can you afford on this income? What income do you need to have your own home?
    Thanks for any info!
    /Alf

  2. #2
    Join Date
    Aug 2011
    Location
    NZ
    Posts
    28

    Default

    You should be quite comfortable on that salary for a family of 3. It is far more than the average NZ family income, so you'll be better off than the average kiwi.
    A lot depends though on what sort of mortgage you're wanting. Whether you have a decent deposit for a house etc etc. Of course, the higher your mortgage, the more it will eat into your disposable income.
    Good luck for your trip!

  3. #3
    Join Date
    Jan 2013
    Location
    Vermont, USA --> Wellington
    Posts
    159

    Default

    You'll live far better than the average kiwi, and you'll have more disposable income than you would on a comparable salary in Sweden. The tax rate is much lower.

    In the meantime, please tell your employer I would be glad to take one of those $130k jobs off their hands.

  4. #4
    Join Date
    Jul 2008
    Location
    North Canterbury, New Zealand
    Posts
    862

    Default

    $130K eh! It must be the city council or the district health board not many others paying that sort of money.

  5. #5
    Join Date
    Jun 2013
    Location
    New Zealand
    Posts
    78

    Default

    @mylesdw

    Agree with you

  6. #6
    Join Date
    Aug 2009
    Location
    Scotland to Wellington
    Posts
    1,454

    Default

    Congratulations! Make sure you also negotiate as much as possible in relocation expenses. (Visas, flights, removal costs etc) Are you at the university?

  7. #7
    Join Date
    Nov 2013
    Location
    New Zealand
    Posts
    3

    Default

    Congratulations!

    We have been living on around $54K in Auckland for a family of four and have been struggling. We own our own home, but it was bought before I went on maternity leave (before that we were on just over $100k between the 2 of us and comfortable).
    We are just moving to Wellington, buying a 5 bed house about 45mins out from the city and hubby will be on $70k. We will be comfortable again I don't know much about Chch, but you should be fine on that and be able to get a nice house!

  8. #8
    Join Date
    Jul 2013
    Location
    Phils -> Macau -> New Zealand
    Posts
    26

    Default

    hi AlfC, i'm just curious what's your profession if you don't mind?

  9. #9
    Join Date
    Oct 2007
    Location
    Christchurch
    Posts
    384

    Default

    It all depends on the mortgage payment and the life style. Even with no mortgage, $130k will not fund anything like a life of luxury. I suggest building a draft budget. There are many past threads that would assist with that particular effort.

  10. #10
    Join Date
    Aug 2013
    Location
    Hawke's Bay -New Zealand
    Posts
    526

    Default

    Quote Originally Posted by Bozeman View Post
    It all depends on the mortgage payment and the life style. Even with no mortgage, $130k will not fund anything like a life of luxury. I suggest building a draft budget. There are many past threads that would assist with that particular effort.
    I wonder what you call a life of luxury, @ $130.000 a year & no mortgage !!

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