Household incomes

The latest household income survey has some good and interesting news in it.

  • Average annual household from all regular sources increased from $79,256 to $81,067 – a 2.3% increase
  • Average annual household income from wages and salaries increased from $77,843 to $82,029 – a 5.4% increase
  • Total housing costs as a proportion of total regular household income decreased from 16.4 percent to 16.0 percent.
  • The median annual regular household income went up 5.8% from $62,853 to $66,469
  • The median annual regular household income from salaries went up 7.9% from $46,410 to $50,057
  • The median annual personal income from salaries, for someone in employment, went up 5.9% from $37,673 to $39,889
  • The average annual personal income from salaries, for someone in employment, went up 4.0% from $44,376 to $46,169
  • The average household with a mortgage is paying $20 a week less than a year ago
  • In Auckland the average annual housing cost has dropped from $17,619 to $16,654 while the average income has increased from $90,762 to $93,532 so the proportion spent on housing costs has dropped from 19.4% to 17.8%.
  • Only around 20% of those in the two lowest income deciles say they are dissatisfied with their material standard of living, and 60% are satisfied.
  • 10% of NZers have income of over $80,000. If you have a bachelors degree it is 24%, masters 26%, and doctorate 34%

It is always interesting to see how the stats measure up against the perception.

Comments (25)

Login to comment or vote