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

Wages in New Zealand increased to 43.47 NZD/Hour in the second quarter of 2025 from 42.85 NZD/Hour in the first quarter of 2025. This dataset provides - New Zealand Average Hourly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

New Zealand Minimum Wage Rate: Per Hour: Adult data was reported at 23.500 NZD in May 2025. This stayed constant from the previous number of 23.500 NZD for Apr 2025. New Zealand Minimum Wage Rate: Per Hour: Adult data is updated monthly, averaging 13.000 NZD from Mar 1997 (Median) to May 2025, with 339 observations. The data reached an all-time high of 23.500 NZD in May 2025 and a record low of 7.000 NZD in Feb 2000. New Zealand Minimum Wage Rate: Per Hour: Adult data remains active status in CEIC and is reported by Employment New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.G069: Minimum Wage Rate.

Wages in New Zealand increased 2.20 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for New Zealand Wage Growth.

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.

New Zealand Minimum Wage Rate: Per Hour: Training data was reported at 18.800 NZD in May 2025. This stayed constant from the previous number of 18.800 NZD for Apr 2025. New Zealand Minimum Wage Rate: Per Hour: Training data is updated monthly, averaging 11.400 NZD from Mar 2003 (Median) to May 2025, with 267 observations. The data reached an all-time high of 18.800 NZD in May 2025 and a record low of 6.800 NZD in Mar 2004. New Zealand Minimum Wage Rate: Per Hour: Training data remains active status in CEIC and is reported by Employment New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.G069: Minimum Wage Rate.

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 fourth 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.