How Much Money Do You Need To Live Comfortably In New Zealand?

What are the bad things about living in New Zealand?

(Kind of) Bad Things About New ZealandHole in the Ozone Layer.

You will burn here.

No Screens on Windows.

No Air Conditioning.

Road Rage.

Rough Roads.

Highest Teen Suicide Rate.

High Incarceration Rate.

Highest Housing Cost in the Western World.More items…•.

Can I emigrate to New Zealand if I am retired?

But the temporary retirement visa, available only to those age 66 and over, requires a significant economic investment. Retirees must invest about $605,000 into New Zealand (this could include the price of a New Zealand home, as well as New Zealand stocks and bonds) and have a minimum annual income of about $48,000.

Can I move to New Zealand without a job?

To apply you’ll need at least NZ$100,000 to invest, as well as a detailed business plan. This skilled migrant visa offers permanent residency to workers whose skills are in demand (on any of the shortage lists) but don’t have a job offer before arrival. … For all other visa types, see immigration.govt.nz.

Is moving to New Zealand a good idea?

Just as New Zealand is incredibly popular among travellers, it is a highly desirable expat destination. Many people, from Australia and beyond, come across to its shores seeking out the good life. Here are some of the main draws that entice people to move to this island nation.

What salary do you need to live comfortably in NZ?

But many people live comfortably on the pension. New Zealand’s median income is $52,000. Sixty per cent of four-person households earn more than $102,500. Working for Families credits are available to households earning up to $120,500, if they have four or more children.

What is a good salary in New Zealand?

Average wage is $48k, so nearly three times the average is a comfortable salary. Yes, 120K is a good salary in New Zealand. The average salary is around $75K p.a. However, the main cities are expensive, especially housing in Auckland.

Is living in New Zealand worth it?

Kiwis enjoy a high quality of life for a relatively low cost of living. Housing and rent prices are much lower than in places like London or New York, even if you live in the city center of Auckland or Wellington. … Imported food and goods, for example, can come with a hefty price tag.

What is considered rich in NZ?

Stats NZ data shows that to be in the top 1 per cent on an individual level in New Zealand, you need to have assets of $3.89 million. To be in the top 5 per cent, you need to clear $1.4m. On a household level, you get to 1 per cent with combined assets of $7.8 million. A top 5 per cent household needs $2.83m.

What is the cheapest place to live in New Zealand?

To let you in on where those bargains are, today we’re running through five places to find the cheapest homes in New Zealand.1 – Whanganui, North Island. … 2 – Greymouth, West Coast, South Island. … 3 – Gisborne, North Island. … 4 – Invercargill, South Island. … 5 – Taranaki, North Island.

What is considered wealthy in NZ?

Median household wealth increased from $289,000 to $340,000. In 2015, 8.3 percent of Kiwis households had more than $1.5 million in net wealth; in 2018, 12.5 percent of Kiwi households were in that group. Fewer households held between $100,000 and $500,000 in wealth and more households held assets worth over $500,000.

Can I emigrate to NZ at 60?

If you want to live in New Zealand long term, but don’t have an adult child who is a New Zealand citizen or resident, have already reached the age limit of the Skilled Migrant Category (56 years), or do not want to consider finding a job until you reach your retirement age, you might still be able to apply for a visa.

What are the pros and cons of living in New Zealand?

Pros of Living in New ZealandLow Cost of Living. Kiwis enjoy the great combination of a relatively low cost of living and a high quality of life. … Vast, Untouched Wilderness Areas. … Lots of Rights for Expats. … High-quality Healthcare. … Top-notch Education. … Great Food. … Far From Everything. … Expensive Imports.More items…•