Results An average family of four in Auckland would need a combined income of around $111,150 annually after tax and Kiwisaver contributions to live comfortably. Including tax, ACC and a three percent contribution to Kiwisaver, the family would need to earn around $162,600 annually. In Wellington, the cost of living for the family costs after tax around $112,892 annually, which is around $165,320 before tax and Kiwisaver contributions. Christchurch came out the cheapest with the average family of four spending around $95,045.6 after tax each year to live comfortably. This is around $137,440 before taxes and Kiwisaver contributions. Stats NZ's average weekly earnings (including overtime) for full-time equivalent employees (FTEs) at the end of June 2022 went up 5.7 percent to $1438 per week which equals just over $55,840 annually after tax and a three percent contribution to KiwiSaver. According to these calculations, for the average family of four to live comfortably in the main cities would need to be well over the country's average income or both parents would need to be earning just over the average income.
|