Wednesday, March 27th, 2013 - Roy Morgan Research

The average personal income of New Zealanders may have risen steadily in the past decade but it falls well short of the Australian boom, the latest New Zealand State of the Nation report from Roy Morgan Research reveals. 

The average personal income of New Zealanders may have risen steadily in the past decade but it falls well short of the Australian boom, the latest New Zealand State of the Nation report from Roy Morgan Research reveals.

Since 2001, the average personal income of New Zealanders has grown from $35,000 to $48,600 as of December 2012, an increase of 38.9%.

The average income for full timers is up by the same degree, now $61,000 compared to $44,000 in 2001.

However a boom in Australian incomes over the same period has led to increased disparity between New Zealand’s and Australia’s average incomes. In 2001, the average Australian income was $38.8K (10.9% more than New Zealand’s $35K); now, the average Australian worker earns $61.4K—or 26.3% more than the Kiwi’s 48.6K.

Among full time workers, the discrepancy growth is even more pronounced. Full time Australian workers earned an average 6.6% more than their New Zealand counterparts in 2001; the difference is now almost four times greater at 24.1%.

Pip Elliott, General Manager, Roy Morgan Research NZ, says:

“Australia has been traditionally seen as the land of opportunities for New Zealanders seeking higher salaries. However the attraction of higher paid jobs needs to be considered as part of overall lifestyle.

“Statistics New Zealand data released last week shows that fewer Kiwis are moving across the Tasman than were two years ago, indicating perhaps that the potential for higher income alone is not the drawcard it once was when balanced against things like the cost of living and quality of life.

“Also, since 2001 New Zealanders entering Australia have been given a special visa that allows them to work without restrictions but bars many of the entitlements afforded permanent residents and citizens.”

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Source: Roy Morgan Research; 12 month moving average. Base: NZ population 14+; Australian population 14+

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Keywords

Kiwi, income

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