Is NZD 95,700 a Suitable Gross Income for a Two-Adult Household in Auckland, New Zealand?

When considering whether NZD 95,700 constitutes a suitable gross income for a two-adult household in Auckland, New Zealand, several factors must be taken into account. This sum, while impressive, may not align with what the average working adult perceives as a fair income. In this article, we explore the relative value of NZD 95,700 in the context of living in Auckland and the local employment landscape.

Perceptions of Pay and Performance

Some critics, like one who commented, "Gee's mate that sort of dough is well over the top if 3/4's of the working public were on that 'dosh'" suggest that such a high income might be unrealistic. They argue that employers have not historically paid cleaners (or similar positions) at such high salaries, which leads to questions about market validity.

Comparison with Local Average Earnings

For context, the average personal income in New Zealand is around NZD 49,400, as mentioned. This figure, though median, provides a baseline for comparison. However, the cost of living in Auckland, particularly the high cost of housing, significantly impacts expenditures and, as a result, the quality of life.

Auckland's Economic Landscape

Auckland, being the largest city and economic hub in New Zealand, offers more job opportunities than other regions. Despite its higher average income, the city also faces significant pressure from high living costs, leading to a disparity between income and expenses.

Realistic Income Expectations

Some argue that an income of NZD 95,700 is well within the realm of achievable results, especially for those in high-demand fields or with access to lucrative freelance work. 'It’s about average' might resonate with people who have more robust salaries, suggesting that such a sum could be attainable for a motivated and skilled individual. However, this opinion also highlights the need for professionals to tailor their job choices for maximum income potential.

Factors Influencing Income Levels

Several factors influence income levels in Auckland:

Job Industry: High-paying industries such as technology, finance, and healthcare may offer salaries closer to NZD 95,700, whereas lower-paying industries may not. Qualifications and Experience: Professionals with advanced degrees and extensive experience in their field may earn more than those with entry-level roles. Location: The cost of living in Auckland compared to other cities in New Zealand affects the value of any given income. Market Demand and Competition: High demand for professionals in niche areas, as well as minimal competition, can drive up salaries.

Conclusion

The perception of NZD 95,700 as a suitable income depends heavily on personal circumstances and the broader economic context of Auckland. While this sum might seem generous, it is essential to consider the pressures of living costs, job demand, and individual qualifications.

Further Reading

For more information on income levels, cost of living, and economic conditions in Auckland, New Zealand, see:

Cost of Living in Auckland, New Zealand Highest Paying Jobs in Auckland Income Disparities in New Zealand