@clp1
Yep, pretty much spot on. I live in NZ and make $110k NZD as a head of marketing, I opted for Kiwi Saver (our version of 401k) and my take home is $78k, which roughly equals $45k USD per year 😒. $110k is decent money in NZ, but average house price is $970k and I could likely only get around a $300k mortgage at my pay rate, so even with a six figure job you couldn't really afford a decent house without a $600k deposit minimum. Expensive place to live for sure.
@modoenfoquelive
I work minimum wage in NZ, $22.50 an hour which is maybe $13-14 usd on a good day, and yea probably -15% of that in tax, then all you have left every week is half a banana, 3 durrys, and a hose to siphon some petrol.
@coreyvisser7004
The living wage in NZ as of May 2023 is only $23.90/h. Thats just under $50K a year before taxes. The minimum wage as of May 2023 is $22.70/h. Thats just over $47K per year. working full time at 40 hours a week. Most people between 18 - 30 years old earn less than $27/h, which is just under $50K per year on 40 hours. Very few lucky people earn $100K a year even before taxes let alone after taxes. Average house price is between $400K and $1M depending on the region. minimum 15% deposit to borrow from the bank that's $60K - $150K for your first home. Groceries and other essential needs have gone up in recent years. On a $50K yearly salary which would be around $700 a week after taxes, most people would be lucky to save $150 a week. Thats $5K - $10K per year after taxes and Food and Power and Phone/WiFi and car/travel expenses and rent. that means it would take 6 to 15 years to save enough for your first home. lest say 10 years if you're with a partner. 10 years assuming no unexpected costs come up like dentists bills, doctors bills, car trouble, loss of job, vet bills, child expenses, fire damage... etc. Not to mention house prices keep going up so by the time you can afford to buy 10 years ago the minimum deposit has gone up another $10K - $200K. Living in New Zealand as a young person is extremely difficult, which is why so many are moving to Australia. $100K a year would be a dream.
@robbyfn
yes but 100k in NZ is not very much.
@brianlomax3363
Don't forget every time you buy something you got 15% gst too. Not to mention rates
@freedomspromise8519
How many people actually earn $100,000.00 in NZ? I am guessing the average is lower than $100,000.00 per year.
@sscanlon4389
Compare this to other countries, My family of 5: Fibre broadband 80 per month Rent 3000 per month Power 400 per month Mobile plan 100 per month Petrol 300 per month Food 1500 per month School free Medical appointment 50 per visit Medication $5 per prescription Outdoors free Leisure expensive
@dontcryovercomments9307
And our country is beautiful
@01M1
the uk would tax you 65% of that 100k which is 35k
@roslynduncan346
As a New Zealander, i can say Auckland in New Zealand is soo expensive. Like the price of a regular house you want to buy is from 1 to 3 million. And don't even get me started on the groceries. But other than this, New Zealand is still a good place to visit.
@WhakataneMaori
NZ is too expensive and our dollar is not strong
@yungizard9624
I met a fellow from NZ, he moved to the US to become a doctor. Now I understand why he did that.
@toddnewman4530
Yeah 100k gets you shit here. Especially since average house price in Auckland is 1.1million , food, petrol , electricity, services gas, cellphone, internet ,Netflix, neon, etc 100k all gone. You need 400k a yr.
@theknightofren
Taxes is actually $23,920 for that salary amount. $27,425 is incorrect.
@gastromacho2
Everywhere in the world if you report a high taxable income you get taxed high. The problem is ... if you are rich and have corporation expenses you can reduce your taxable income big time.
@woopsyhazy7300
Even on 100K a year you cant afford to buy a house. In other countries its only central areas that are expensive but here even random suburbs 1.5 hours+ away from the city will have houses that start at 800k and will typically be 1mil+ for a family home. A cheap townhouse (no privacy )will be 650k minimum in a random faraway suburb with no parking or a teeny tiny garage that can only fit a small prius if that. Furthermore these places have no yard space. In my suburb an hour away from the city, small bare land sections 300-400 m2 are being sold for 900k. The groceries are expensive. Rent cost a minimum of 500 a week and thats super cheap, it's actually 650+ - 900 a week now. ( Including small homes and apartments)
@jared2232
I lived in Christchurch for a year in 2015/2016. I'm from Canada and was working in the same profession I have at home except I was taking home about 55% of what I normally make.. I cant speak for everyone but compared to Canada the quality of life is alot worse. Its definitely got way better weather, scenery and the people are all right on but imagine living on 55% of what you're used too... I do hope to return one day permanently I absolutely loved it but its definitely a place you should be planning on bringing money too.
@sethjaffe9095
I took a look at the exchange rate with the USD and 1 USD = 1.79 NZD. $100k NZD = $55,885 USD. Better than the local average, but you will probably struggle in a metro area if you have to support anyone beyond yourself.
@Scott_Bradbury
Although that is true, the money doesn't go very far at all. 100K in NZ is less than 60K USD and everything is just as expensive.
@gujwdhufjijjpo9740