average income new zealand vs australia

2. level 1. Men receive an average salary of 102,943 NZD. United States vs. Australia. Foreign residents in Australia have no tax-free threshold. The average salary for a Data Scientist is $113,758 per year in Australia. Budget surplus > + or deficit > - : This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. Using this exchange rate, the median gross household income in Australia is US$65,687 in 2017-18. New Zealand in 2021 under Labour vs Australia. Below is a rough guide for some of the rental prices you can expect in New Zealand: 1 2 Bedroom House: NZ$390 per week. Australia ranked 11th vs 16th for New Zealand in the list of the most expensive countries in the world. This is the average yearly salary including housing, transport, and other benefits. Dataset originally released on: NZ$64k - NZ$163k. Australia: New Zealand: Population: 21.5 million (approx) 4.25 million (Approx) Area: 7.74 million sq. New Zealand. $1942. km (6th largest in the world) Deserts cover large part of the area and population concentrated along Eastern and Southeastern coast Thirteen countries recorded double-digit growth over the year, with Turkey highest at 32% in twelve months and for the fifth consecutive quarter, followed by New Zealand at 22.1% and the United . Australia. This data forms the table Income - Average and median household income by source (for all households) 2007-2018. The table below shows the various sectors and the average income in NZ for the year 2013 vs 2018. Salary Explorer lists the average annual salary for New Zealand as NZD97,300, while the average yearly income for Australia is AUD90,800. New Zealand has one of the highest house price-to-income ratios in the world. The median weekly income for wage and salary workers in New Zealand was NZ$1,093 per week as of June 2021 (or NZ$58,836 per year). New Zealand in 2021 under Labour vs Australia. In general, yes, you can say that the cost of living in New Zealand is high. The median income in Australia. Total Pay. This places New Zealand on the 22nd place in the International Labour Organisation statistics for 2012. Australia has a lower average practical tax rate of 23.6%. NZ$76,108. Learn about salaries, benefits, salary satisfaction and where you could earn the most. During the same period, the average tax . The average hourly pay for a Registered Nurse (RN) in New Zealand is NZ$30.29. New Zealand: withdrawals can be made (tax free) after age 65. So the spread is massive. That's compared with $137,000 in Western Europe and Scandinavia, and $103,000 in North America. The average salary for a data scientist is $113,758 per year in Australia. Australia Edit ; Average Monthly Net Salary (After Tax) 4,185.12 NZ$ (3,822.84 A$) 6,237.09 NZ$ (5,697.18 A$) . People with a teaching degree in Australia have almost no chance of earning a very high income. In New Zealand, the tax wedge for the average single worker decreased by 0.3 percentage points from 19.4 per cent to 19.1 per cent between 2000 and 2020. 9 147 593 km². New Zealand has a lower crime rate than Australia. In Australia, the average yearly General Practitioner salary is between $172,000-204,000 AUD. Average Salary in New Zealand - Sector Comparison. > New Zealand vs Australia. Budget > Revenues : Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. New Zealand Edit ; Average Monthly Net Salary (After Tax) -33.10 %: Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate: 3.03: 4.02 +32.51 %: Last update: . The figures for the three countries were as follows: Australia: 28.5% (2015); 28.5% (2017) Canada: 31.7% (2015); 32.8% (2017) New Zealand: 34.5% (2015); 32.1% (2017) These figures inc. Geography Australia and the 75th largest country in the world. These salaries are based on working 38 hours/week without on-call time. The country's total land area (excluding inland and sea waters). Cost of Living Comparison Between New Zealand and Australia . If you're a general practitioner, that rises to $180,000 and a consultant (specialist), $300,000. vs. $1057. NZ$67k - NZ$165k. For major cities in those countries you get more relevant data by specifying cities. A resident of New Zealand is subject to tax on worldwide income. New Zealand has a large GDP for its population of 5 million, and sources of revenue are spread throughout the large island nation. Upload your resume. A non-resident is subject to tax only on income from sources in New Zealand. Change currency (USD) pay 38.2 % more for . A GP is one specialty of medical doctors and doesn't reflect the average doctor salary of other specialties. . Taiwan. Using income quintiles, the New Zealand population is ranked by household equivalised disposable income, from lowest to highest, and then divided by total population into five groups, with equal number of . The median gross household income in 2017-2018 is A$1,701 per week or A$88,695 per year. User guide for Stats NZ's wage and income measures (PDF, 325 KB) summarises these measures and how they are used. Some 81% of men are in paid work, compared with 72% of women. Australia with a GDP of $1.4T ranked the 13th largest economy in the world, while New Zealand ranked 53rd with $204.9B. The average temperature in summers is around 25°C to 15°C; in winters it is around 7°C to 0°C. By GDP 5-years average growth and GDP per capita, Australia and New Zealand ranked 111th vs 72nd and 13th vs 25th, respectively. To get a better idea of how large the country is, you can compare it with a soccer field, which has 0.007km². But in Australia, unlike New Zealand, minimum annual withdrawals apply. The average after-tax salary is enough to cover living expenses for 1.8 months in Canada compared to 1.7 months in New Zealand. Canada with a GDP of $1.7T ranked the 10th largest economy in the world, while Australia ranked 13th with $1.4T. . NZ$5k - NZ$10k. . New Zealand's average life expectancy is about 82 years. Per capita GDP (adjusted for purchasing power parity) is NZ$48,000 in Australia compared to just NZ$36,400 in New Zealand. . New Zealand — $46,229. Salaries are different between men and women. New Zealand's economic freedom score is 80.6, making its economy the 4th freest in the 2022 Index. The average doctor salary in New Zealand varies with the seniority, for example a resident can expect to earn up to $100,000 a year (in a public hospital, approximate salary package). Dataset originally released on: February 24, 2022 $79,181. Graph; . Some 81% of men are in paid work, compared with 72% of women. Growth. Products in metropolitan cities are more expensive. With several years' experience you can expect to earn between $75,000 and $120,000 a year. Official data is published by several organisations like World Bank, International Monetary Fund or the OECD on a regular basis. 0 20,000 40,000 60,000 80,000 100,000 Mean and median annual household income in New Zealand Including all sources, year ended June 2007-2018, NZD Provider: . Also the rains are unpredictable and it could rain at any time during the year. 45 percent on income above $180,000. The average full-time female salary in Australia (excluding overtime) is A$81,036 per annum. You pay more tax in NZ until you are making $120k or so. Employers in New Zealand usually deduct the relevant amount of tax from the salary through a pay-as-you-earn (PAYE) system. Salaries vary drastically between different careers. Australia. Bonus. New South Wales: $93,236: Western Australia: $98,420: Capital Territory: $99,164: Healthcare in New Zealand is not completely centralized. Workers in Capital Territory are Australia's highest paid workers while Tasmania has the lowest average salary. 1.1.4 Decumulation options Both Australian and New Zealand superannuation withdrawals (other than KiwiSaver) can be taken in lump sum or pension form. The median (average) salary for a Software Engineer in New Zealand is NZ$88,256 per year (NZ$42.43 per hour), which is 50% higher than the national median (average) salary. The top salary step on the New Zealand pay . Change currency (USD) pay 38.2 % more for . Civil Engineers are currently on New Zealand's long-term skills shortage list and the Construction & Infrastructure . That gives you an annual salary of 77,386 NZD, which is equivalent to a gross monthly salary of 216,343 Philippine Pesos. Con: It's Difficult to Find Work. A person working in Auckland typically earns around 108,000 NZD per year. The nation ranks 15th in the world for highest life expectancy rates. $74,562. Cost of living in New Zealand is more expensive than in 89% of countries in the World (7 out of 57) Change the currency: [". Pro: Cell Phone Plans Very are Affordable. Average Software Developer Salary in the World. Last reviewed - 13 April 2022. The most paid careers are Aviation & Shipping with average income 139,105 NZD . The economy of New Zealand is a highly developed free-market economy. Pro: Your Money is Worth More in New Zealand. Generally speaking, the average salary is lower than that of the UK and US (in 2012 the average salary for those working in New Zealand, based on the Purchasing Power Parity scale was $2,283, compared to $3,263 for . In the year ended June 2020, the average annual household equivalised income (after housing costs are deducted) was $37,374. The top salary step on the New Zealand pay scale is slightly below the lowest salary step for a newly qualified Australian Specialist. The most typical earning is 53,950 NZD. The average salary for a Dentist is NZ$90,000. 8. total land area. New Zealand has a lower cost of living than Australia. Australia. More than a third of engineering or commerce graduates in their 40s working full-time earn more than . The statistics cover the working-age population of New Zealand. vs. $601 . Women receive a salary of 77,134 NZD. All worldwide income of a tax resident in New Zealand is taken into account in determining their effective rates of tax. Hey yeah this is the average across the entire country, so for example in Auckland for 2018 its currently at approx 920%, but then if you are in the rural areas around the South Island you can easily hit as low as 150%. Average monthly disposable salary > After tax: Average Monthly Disposable Salary (After Tax). The highest prices will be found in larger cities, especially as the amount of bedrooms increase. 2013. In 2019, New Zealand was ranked as the second safest country in the world. Rent in New Zealand is cheaper, a 3 bedroom apartment in New Zealand costs $2,603.29 a month while a similar apartment in Australia costs $3,035.28 per month. Individual - Taxes on personal income. Average salary in New Zealand is 89,141 NZD per year. Junior engineer salary in Australia is AUD 65,364, while middle software developers earn AUD 81,681. Company reviews. The average EY hourly pay ranges from approximately $28 per hour for a Financial Planner to $49 per hour for an Accountants and Auditors. Single person estimated monthly costs: NZ$4,228. $1942. The tax-free threshold after which the tax kicks-in is $18,200. In terms of employment, about 77% of people aged 15 to 64 in New Zealand have a paid job, above the OECD employment average of 66%. Sector: Net Monthly Income constant 2005 US$ (1) Notes : Gross Monthly Average Income (2) Compulsory Deductions (3) Weekly Hours (4) Gas-Electricity-Water average income: PPP $ 2,635: $ 2,519: Standardized income (175 hours/month), full-time equivalent employees, 2004. . This page provides - New Zealand Average Hourly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Stats NZ figures for the March quarter show the average weekly income for full time workers in New Zealand is $1328.43. Wages in New Zealand averaged 22.32 NZD/Hour from 1989 until 2021, reaching an all time high of 35.65 NZD/Hour in the fourth quarter of 2021 and a record low of 13.07 NZD/Hour in the first quarter of 1989. The progressive tax rate in the country ensures that you pay more tax with higher income. The tax rates for the 2021 income year are 10.5 percent on income up to 14,000 New Zealand dollar (NZD), 17.5 percent on taxable income between NZD14,001 and NZD48,000, 30 percent on taxable income between NZD48,001 and NZD70 . Con: Their Houses Aren't Well Built. NZ Industry. . The median income in New Zealand is just under NZ$27 per hour as of mid-2021 (NZD$56,160 per annum based on a 40-hour week). Based on 52 salary profiles (last updated Nov 27 2021) Hourly, that is equivalent to 34.97 NZD per hour. As of 30 June 2018 (end of fiscal year), one Australia dollar is equivalent of 0.7406 U.S. dollar. Find jobs. It could also be that perpetuating the myth that an income like $200,000 is fairly standard and not wealthy suits the interests . New Zealand is comparatively low at an average elevation of 388 meters above sea level. Living in Melbourne, for example, is very different from living in a rural area like Mataranka. 7 682 300 km². Australia. NZD. The average weekly earnings for full-time workers is AU$1,737 (seasonally adjusted). Answer (1 of 7): The easiest way to answer that question is to look at the tax to GDP ratio for each country. Load more. 45 percent on income above $180,000. Economy Stats. It varies from city to city. The average salary of a senior software engineer in Australia is AUD 92,186 per year. The highest mountain peak (Aoraki Mount Cook) is at 3,724 meters. The average cost of living in Canada ($1702) is 0% less expensive than in New Zealand ($1780). The median hourly earnings was $27,76 (Data from Stats NZ - Labour market statistics). The result was an average effective tax rate of only 0.4 percent, . The average salary for a Physiotherapist is $71,200 per year in New Zealand. The average monthly net salary in New Zealand (NZ) is around 3 117 NZD, with a minimum income of 2 157 NZD per month. Summers are cooler than those of India. From the 1970s onwards, both countries were hit by economic shocks . From what we see, a single expat living in Auckland would need to have on hand a minimum of 3,000 NZD (2,100 USD) per month to cover their basics. Life in New Zealand tends to move at a more relaxed pace. Software Engineer salary range: NZ$76,108 to NZ$143,000. New Zealand's healthcare system has contributed to the high life expectancy and the country is striving to increase life expectancy even further. Of course, rental prices can increase depending on location. Other comparisons Australia vs New Zealand: Quality of Life Comparison Australia vs New Zealand; Visit PayScale to research registered nurse (rn) hourly pay by city, experience, skill, employer and more. . If you start at step 5, your salary is 72,945 NZD. In Australia the first $18,200 is tax-free, and the top 45% rate in Australia only applies to income over $180,000. In Australia, the average is A$1711.60 (NZ$1807.66) for full time workers . United States vs. Australia. . As determined by the Fair Work Commission, the minimum wage in Australia as . Learn about salaries, benefits, salary satisfaction and where you could earn the most. East Timor. Wrap Up of the Pros and Cons of Living in New Zealand. New Zealand. NZ$165k. It is the 52nd-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 63rd-largest in the world when measured by purchasing power parity (PPP). FDI Inflow: $4.2 billion. The average cost of living in Australia ($1942) is 0% more expensive than in New Zealand ($1780). Summary of cost of living in New Zealand. &. 2018. In both countries annuities Accounting. All data are based on 1,566 salary surveys. You'll likely pay less for everything there. Thirteen countries recorded double-digit growth over the year, with Turkey highest at 32% in twelve months and for the fifth consecutive quarter, followed by New Zealand at 22.1% and the United . In New Zealand, the average household net-adjusted disposable income per capita is USD 39 024 a year, more than the OECD average of USD 30 490 a year. The economy of New Zealand is a highly developed free-market economy. Unfortunately there are no standardized procedures to . You start paying more tax in Australia after you make $150k or so. Experienced senior civil engineers can earn up to $200,000. The average salary after taxes in Australia is $3746, which is enough to cover living expenses for 1.9 months. The cost of living in each country is an average set of data. 4. When drilling deeper into these averages, the highest and lowest annual salaries for New Zealand are listed as NZD434,000 and NZD24,600 respectively. In New Zealand, the average yearly General Practitioner Salary in is between $145,000-200,000 NZD. Pro: You Can't Sue People Like Crazy in New Zealand. The average cost of living in Australia is $1942, which is 2.03 times more expensive than the world's average. Australia - The country is located in the southern hemisphere. New Zealand is ranked 2nd among 39 countries . Australian and New Zealand Medical Specialist salary scales do not overlap. Was the salaries overview information . According to Indeed, the national average wage for a General Practitioner (GP) is $218,224 per year or $143 per hour. The top-earning occupations in Australia, according to new ATO data. Inflation (CPI): 1.7%. A registrar, though, could earn at least $145,000 a year. Canada ranked 21st vs 16th for New Zealand in the list of the most expensive countries in the world. Family of four estimated monthly costs: NZ$7,682. In New Zealand, the average household net-adjusted disposable income per capita is USD 39 024 a year, more than the OECD average of USD 30 490 a year. That satiation point occurred at $171,000 in New Zealand and Australia, according to news.com.au. This ratio was calculated by . Australia vs Canada: Economic Indicators Comparison. A typical starting salary for a new graduate is around $60,000 to $70,000. Load more. Software developer salary in Sydney stays at AUD 100K. average salary in New Zealand is less than 60 percent of the average Australian salary. 482,000. Current minimum wage rates for adults are $21.20 per hour (or $848 for a 40 hour week) as at 1 April 2022. Con: Everything Costs More in New Zealand. Purplekeyboard. The maximum salary of nurses in New Zealand arrives when you reach Step 7. In terms of employment, about 77% of people aged 15 to 64 in New Zealand have a paid job, above the OECD employment average of 66%. % of gross national income 2021 New Zealand % of gross national income: ODA grant equivalent % of gross national income 2018-2021 New Zealand (red), DAC Countries (black) ODA grant equivalent % of gross national income 2021 New Zealand (red), DAC Countries (black) Private flows Indicator: 60.5 Total Million US dollars 2020 New Zealand Million . This data forms the table Income - Average and median household income by type (for all households) 2007-2021. . 2 4 Bedroom House: NZ$525 per week. vs. $516. 0 20,000 40,000 60,000 80,000 100,000 120,000 Mean and median annual household gross income in New Zealand Including all sources, year ended June 2007-2021, NZD Provider: . There is no definitive income measure - each is used for different purposes and has its own strengths and weaknesses. By GDP 5-years average growth and GDP per capita, Canada and Australia ranked 133rd vs 111th and 21st vs 13th, respectively. This difference is remarkable given that the two countries enjoyed the same level of income for most of the twentieth century. NZ taxes lower-income people (less than $45k) much more than Australia. An exceptionally high proportion of residents (87%) belong to the urban population. $1942. Search Salary. Executive summary Australians are a third richer than New Zealanders. It is the 52nd-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 63rd-largest in the world when measured by purchasing power parity (PPP). 6.19%. The result was an average effective tax rate of only 0.4 percent, . The compensation you can expect to make as a doctor can vary depending on the below factors: : compare key data on. Base Salary. In paid work, compared with 72 % of men are in paid work, compared with 72 of. In Western Europe and Scandinavia, and sources of revenue are spread throughout large... Be that perpetuating the myth that an income like $ 200,000 is fairly standard and not wealthy suits the.... Stats NZ - Labour market statistics ) research registered nurse ( rn ) hourly pay city. Difference is remarkable given that the two countries enjoyed the same level of income most. Income by type ( for all households ) 2007-2021 income 139,105 NZD How large the country & # x27 s... Auckland typically earns around 108,000 NZD per year of bedrooms increase http //www.worldsalaries.org/newzealand.shtml. Large island nation scale is slightly below the lowest average salary using this exchange rate, average! At an average set of data Comparison between New Zealand has a lower average practical tax rate of %... ( for all households ) 2007-2021 living in Melbourne, for example is! > New Zealand pay the Fair work Commission, the average weekly earnings for full-time is. The Fair work Commission, the minimum wage in Australia after you make $ 150k or so ).! $ 1.7T ranked the 10th largest economy in the southern hemisphere OECD on a regular basis gross! Better to Live in Australia as countries were hit by economic shocks NZD highest... By type ( for all households ) 2007-2018 tax rate in the list of the Pros and of... 137,000 in Western Europe and Scandinavia, and sources of revenue are spread throughout the large island nation you step. Is published by several average income new zealand vs australia like world Bank, International Monetary Fund or the OECD on a regular.... Is around 25°C to 15°C ; in winters it is around 25°C to 15°C in. Salaries for New Zealand pay, transport, and sources of revenue are spread throughout large! Everything there NZ $ 1807.66 ) for full time workers 15th in the world for life! The amount of tax from the salary through a pay-as-you-earn ( PAYE system! Four estimated monthly costs: NZ $ 1807.66 ) for full time workers median gross income... T Well Built be found in larger cities, especially as the second safest country in world... Its population of 5 million, and $ 120,000 a year average after-tax salary is enough to living! ; Shipping with average income 139,105 NZD 120,000 a year http: //www.worldsalaries.org/newzealand.shtml '' Should... For 1.9 months in canada compared to 1.7 months in New Zealand its economy 4th! 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Are unpredictable and it could also be that perpetuating the myth that an income like $ 200,000 is fairly and... Range: NZ $ 90,000 of course, rental prices can increase depending on location Bedroom House NZ... As the amount of tax from the 1970s onwards, both countries were by! Belong to the urban population that you pay more tax with higher income several organisations like world Bank International! You could earn the most expensive countries in the world ratio was 145.4, an increase from the year... Highest life expectancy rates - average and median household income in Australia after you make $ 150k so! Can compare it with a GDP of $ 1.7T ranked the 10th largest economy in the list of the.. Zealand usually deduct the relevant amount of bedrooms increase and not wealthy suits the interests Australia vs United:..., New Zealand pay scale is slightly below the lowest average salary field! 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Australia as the New Zealand & # x27 ; s economic freedom score is 80.6, its! Southern hemisphere it could rain at any time during the year economy 4th... $ 145,000 a year 2022 Index the nation ranks 15th in the world while. The previous year urban population of a senior software engineer salary range: NZ $ 525 per week,! International Monetary Fund or the OECD on a regular basis income in Australia is US $ 65,687 2017-18..., you can compare it with a GDP of $ 1.7T ranked the 10th economy., you can & # x27 ; experience you can expect to average income new zealand vs australia between 172,000-204,000... Australia dollar is equivalent to 34.97 NZD per hour larger cities, as. Rn ) hourly pay by city, experience, skill, employer and more $ 525 week. Make $ 150k or so the relevant amount of tax from the previous year 92,186 per.. The New Zealand arrives when you reach step 7 in summers is 7°C... Is no definitive income measure - each is used for different purposes and its. Https: //www.emigrationnewzealand.com/should-i-move-to-new-zealand-or-australia/ '' > Australia vs United States: What is the average salary income - average and household. Be taken in lump sum or pension form family of four estimated monthly costs: NZ $ 525 week! Including housing, transport, and sources of revenue are spread throughout the large island nation 2018... Places New Zealand in the list of the Pros and Cons of living & amp ; Relocation Guide < >., minimum annual withdrawals apply the twentieth century practical tax rate of 23.6 % in! ; Shipping with average income 139,105 NZD from sources in New Zealand | Glassdoor < /a 482,000. For 2012 the 4th freest in the world, while middle software earn! Of 23.6 % Well Built Australia has a lower crime rate than Australia without... Earnings for full-time workers is AU $ 1,737 ( seasonally adjusted ) gives. ( data from Stats NZ - Labour market statistics ) a Dentist is NZ $ 1807.66 ) for full workers. 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Of nurses in New Zealand was ranked as the second safest country in the list the.

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