Key information about New Zealand Monthly Earnings

• New Zealand Monthly Earnings stood at 3,902 USD in Dec 2024, compared with the previous figure of 3,962 USD in Sep 2024
• New Zealand Monthly Earnings data is updated quarterly, available from Mar 1989 to Dec 2024, with an average number of 2,275 USD
• The data reached the an all-time high of 3,962 USD in Sep 2024 and a record low of 1,117 USD in Dec 2000

CEIC calculates Monthly Earnings from Average Weekly Earnings multiplied by 4 and converts it into USD. Stats NZ provides Average Weekly Earnings in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Average Weekly Earnings are calculated by dividing earnings by the number of full-time equivalent employees, taking into account their hours of workload.


Further information about New Zealand Monthly Earnings

• In the latest reports, New Zealand Population reached 5 million people in Dec 2024
• Unemployment Rate of New Zealand increased to 5 % in Dec 2024
• The country's Labour Force Participation Rate increased to 71 % in Dec 2024

Key information about New Zealand Household Income per Capita

• New Zealand Annual Household Income per Capita reached 30,529.095 USD in Jun 2024, compared with the previous value of 28,969.713 USD in Jun 2023.
• New Zealand Annual Household Income per Capita data is updated yearly, available from Jun 2007 to Jun 2024, with an averaged value of 24,380.121 USD.
• The data reached an all-time high of 30,529.095 USD in Jun 2024 and a record low of 16,283.555 USD in Jun 2009.
• In the latest reports, Retail Sales of New Zealand grew 0.362 % YoY in Dec 2024.

CEIC calculates Annual Household Income per Capita from Average Household Income, Number of Households and Total Population and converts it into USD. Stats NZ provides Average Household Income in local currency, Number of Households and Total Population. Federal Reserve Board average market exchange rate is used for currency conversions.

Wages in New Zealand increased to 42.85 NZD/Hour in the first quarter of 2025 from 42.64 NZD/Hour in the fourth quarter of 2024. This dataset provides - New Zealand Average Hourly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2019, Europeans in New Zealand earned a median of ***** New Zealand dollars per week from wages or salaries. In comparison, Pacific people earned around *** New Zealand dollars per week.

New Zealand Median Annual Household Disposable Income data was reported at 86,257.000 NZD in 2024. This records an increase from the previous number of 81,945.000 NZD for 2023. New Zealand Median Annual Household Disposable Income data is updated yearly, averaging 60,369.000 NZD from Jun 2007 (Median) to 2024, with 18 observations. The data reached an all-time high of 86,257.000 NZD in 2024 and a record low of 43,113.000 NZD in 2007. New Zealand Median Annual Household Disposable Income data remains active status in CEIC and is reported by Stats NZ. The data is categorized under Global Database’s New Zealand – Table NZ.H026: Annual Household Income.

In 2021, the median hourly earnings for men in New Zealand increased by *** percent compared to the previous year. In the same year, the median hourly earnings for women increased at a similar rate.

New Zealand Average Weekly Earnings: Male: Ordinary Time data was reported at 1,753.990 NZD in Mar 2025. This records an increase from the previous number of 1,742.270 NZD for Dec 2024. New Zealand Average Weekly Earnings: Male: Ordinary Time data is updated quarterly, averaging 922.110 NZD from Mar 1989 (Median) to Mar 2025, with 145 observations. The data reached an all-time high of 1,753.990 NZD in Mar 2025 and a record low of 519.470 NZD in Mar 1989. New Zealand Average Weekly Earnings: Male: Ordinary Time data remains active status in CEIC and is reported by Stats NZ. The data is categorized under Global Database’s New Zealand – Table NZ.G064: Average Weekly Earnings: QEM.

Wages in New Zealand increased 2.50 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for New Zealand Wage Growth.

Wages in Manufacturing in New Zealand increased to 39.49 NZD/Hour in the first quarter of 2025 from 39.36 NZD/Hour in the fourth quarter of 2024. This dataset provides - New Zealand Total Quarterly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the gender pay gap in New Zealand was *** percent. This was a decrease from the previous year, where the gender pay gap stood at *** percent.
Wage differences among New Zealanders The highest wage difference between in New Zealand in 2024, was found between male and female professionals, where the female worker earned almost * New Zealand dollars less than their male counterparts. Despite an increase in average hourly earnings between 2018 and 2024, the pay gap remained consistent, with male employees earning ***** New Zealand dollars per hour and female employees earning ***** New Zealand dollars as of June 2024. Women in the workplace Back in 2016, the female to male ratio in professional and technical work environments showed **** female employees for every male employee. Since then, New Zealand’s female workforce has expanded dramatically, peaking to *** million employees in the beginning of 2024. Moreover, a 2018 survey indicated that over *** million women were quite satisfied with their main job.

The Quarterly Employment Survey data provides information about employment, earnings and hours paid at industry and national levels. Data is obtained from economically significant businesses for the reference period of the pay week ending on, or before the 20th of the middle month of the quarter. Use this dataset when wanting to measure the number of filled jobs from a business’s perspective, or when wanting to measure the number of hours businesses pay for.

This report analyses average weekly gross earnings for all full-time equivalent (FTE) workers over 15 years of age across all industries in New Zealand. Income in this report is defined as current and regular cash payments. It excludes amounts that are salary sacrificed, like the value of cars, phones, laptops and KiwiSaver (Poua he Oranga) contributions. The data for this report is sourced from Statistics New Zealand (Tatauranga Aotearoa) and is measured in financial years.

In the year ended March 2022, the gross national income per capita in New Zealand was approximately 68,272 New Zealand dollars. This value has increased steadily over the past decade.

New Zealand NZ: Wages Index: % Change data was reported at 1.748 % in 2017. This records an increase from the previous number of 1.596 % for 2016. New Zealand NZ: Wages Index: % Change data is updated yearly, averaging 1.950 % from Dec 1993 (Median) to 2017, with 25 observations. The data reached an all-time high of 101.550 % in 1993 and a record low of 1.139 % in 1994. New Zealand NZ: Wages Index: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s New Zealand – Table NZ.IMF.IFS: Wages, Labour Cost and Employment Index: Annual.

New Zealand Average Weekly Earnings: Overtime data was reported at 23.350 NZD in Sep 2018. This records a decrease from the previous number of 27.250 NZD for Jun 2018. New Zealand Average Weekly Earnings: Overtime data is updated quarterly, averaging 23.970 NZD from Mar 1989 (Median) to Sep 2018, with 119 observations. The data reached an all-time high of 35.840 NZD in Mar 1990 and a record low of 18.880 NZD in Sep 2009. New Zealand Average Weekly Earnings: Overtime data remains active status in CEIC and is reported by Statistics New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.G038: Average Weekly Earnings & Average Weekly Hours Paid: By Industry: ANZSIC 2006.

New Zealand has *** of the highest house price-to-income ratios in the world; nonetheless, since the first quarter of 2022, the country's house price-to-income ratio started to trend downward. In the third quarter of 2024, the ratio was ***, a slight decrease from the same quarter of the previous year. This ratio was calculated by dividing nominal house prices by nominal disposable income per head and is considered a measure of affordability. Homeownership dream New Zealand has been in what is widely considered a housing bubble. The disproportionately large increases in residential house prices have placed the dream of owning their own home out of reach for many in the country. In 2024, around ** percent of residential properties were sold for over a million New Zealand dollars. The majority of mortgage lending in the country went to owner-occupiers where the property was not their first home, with first-home buyers often struggling to secure a loan. In general, only New Zealand residents and citizens can buy homes in the country to live in, with new regulations tightening investment activity in that market. Rent affordability Due to New Zealand's high property prices, many individuals and families are stuck renting for prolonged periods. However, with rent prices increasing across the country and the share of monthly income spent on rent trending upwards in tandem with a highly competitive rental market, renting is becoming a less appealing prospect for many. The Auckland and Bay of Plenty regions had the highest weekly rent prices across the country as of December 2024, with the Southland region recording the lowest rent prices per week.

The labour market statistics information release combines data from three surveys to present a broad picture of the labour market.

From the Household Labour Force Survey (HLFS) we provide a picture of New Zealand's labour force – these statistics relate to employment, unemployment, and people not in the labour force.

The Quarterly Employment Survey (QES) estimates the demand for labour by New Zealand businesses – the levels and changes in employment, total weekly gross earnings, total weekly paid hours, average hourly and average weekly earnings, and average weekly paid hours in the industries we survey.

The Labour Cost Index (LCI) measures changes in salary and wage rates for a fixed quantity and quality of labour input. It is a measure of wage inflation, reflecting changes in the rates that employers pay to have the same job done to the same standard.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

New Zealand NZ: Price to Income Ratio: sa data was reported at 117.981 2015=100 in Sep 2024. This records a decrease from the previous number of 120.692 2015=100 for Jun 2024. New Zealand NZ: Price to Income Ratio: sa data is updated quarterly, averaging 79.512 2015=100 from Mar 1986 (Median) to Sep 2024, with 155 observations. The data reached an all-time high of 143.218 2015=100 in Dec 2021 and a record low of 46.765 2015=100 in Mar 1987. New Zealand NZ: Price to Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s New Zealand – Table NZ.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database.

New Zealand NZ: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 38,970.000 USD in 2018. This records an increase from the previous number of 38,560.000 USD for 2017. New Zealand NZ: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 13,785.000 USD from Mar 1973 (Median) to 2018, with 46 observations. The data reached an all-time high of 41,490.000 USD in 2015 and a record low of 2,990.000 USD in 1973. New Zealand NZ: GDP: USD: Gross National Income per Capita: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s New Zealand – Table NZ.World Bank: Gross Domestic Product: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;