Cost of living is very reasonable in New Zealand. The country’s economy has significantly grown in the past few years. The country is highly developed with high scores on indices on human development, quality of life, life expectancy, literacy and economic prosperity among other values. Growth in annual income among households is very high at over 60,000 Euro PPP. Housing in New Zealand is very affordable, of good quality and convenient since the country still lacks in overall population. The government is actually promoting immigration to add more skilled workers that will promote the steady economic development.
Consumer goods in New Zealand are also fresh and very cheap. Most items like electronics, food, cars and petroleum are priced about the same or lower compared to the United Kingdom. Most products include a goods and services tax or GST of 11.75%. This is only a small factor compared to the overall cost of living in Kiwi Country, as this greatly depends on where you choose to situate yourself. This was greatly elucidated in New Zealand Expat Forum last April 7, 2009:
“I think New Zealand is a wonderful country. I would definitely raise my children there as i think the kiwi attitude and persona is second to none. I think that New Zealanders are very curious natured and open to embracing other parts of the world.”
Generally, the country relies on trade and tourism as main sources of income. The country has a free market as well and has made partnerships with other economic giants like the United Kingdom, United States, Australia and Japan.
Food and Drinks Costs in New Zealand
The affordable fresh cuisine and world-class wines and spirits as these are grown, produced and marketed locally. All of these items are very cheap and are of excellent quality. Butchers and farmers ensure the freshness that comes with their products. Milk and beef are staples in terms of local production and for export purposes. New Zealand also has great-tasting lamb, seafood and poultry that are priced very reasonably. Top-of-the-line mussels, wine and lamb tend to be a bit pricier but overall, almost all of the country’s citizens manage to afford it every once in a while.
The average family spends around 300 euros on quality food and drinks every month. Water is relatively clean while there are also bottled products made locally. Fruits and vegetables are available depending on the season and New Zealand produces some of the world’s freshest and most delicious natural bounties like oranges, apples, grapes, lettuce, corn and beans. These are all available at supermarkets, grocery stores, delis and community vendors. Most of these harvested items can be bought in wholesale at very low prices.
Clothing and Accessories Costs in New Zealand
New Zealand is famous for manufacturing a number of clothing products suitable for outdoors. Textiles for such wares include cotton and wool from various sheep grazing the countryside. Several local designers put together seasonal fashion items like wool coats, shirts and footwear perfect for the outback as well as other casual occasions. In most department stores, locally made clothing and accessories are available at lower rates compared to generic ones found in the United Kingdom.
The average individual spends about 200 euros every month purchasing clothes and other items. Trinkets and electronic devices are imported from Japan and the United States thus cost slightly higher. There are also a number of brand names that are reasonably priced. Shopping in New Zealand is very ideal because of the good quality materials and reasonable rates. All things include the GST.
Housing Costs in New Zealand
Cost of living in New Zealand is very reasonable. Even if expatriates plan to stay in Auckland and other big cities, rates for apartment rentals and homes are practically low compared to their home countries. In fact, property and market analysts have said the increasing prices have tapered off for the time being as the government is active supporting immigration which helps people immediately find good homes and suitable living conditions perfect for their budget.
On the average, a four-bedroom house would cost relatively the same as a single-bedroom apartment in the United Kingdom. Places located near the center of major cities are the ones which may have higher prices. Country living is also ideal since expatriates get to enjoy wider space, access to cheap commodities and low cost housing or rental.
Tax is indicated depending on the purchase or rental. Most rents already cover utilities like electricity, gas consumption and water supply. Auckland overall is the most expensive city to live in due to the rising population count of over 1 million. Christchurch and Hamilton offer very ideal spots for families and retirees.
At present, locals prefer buying house and lots in suburbs compared to congested apartments in the city. The countryside and farmlands are also significantly cheaper and people get all the benefits of living in the city without the noise and hassle.
Services Costs in New Zealand
Education is one of the biggest advantages in New Zealand. All public schools are subsidized by the government plus families receive financial benefits which can be used for student allowances and school materials. There are different colleges and universities as well offering scholarship grants to interested individuals. Some are associated with big universities in the United Kingdom and the United States that provide opportunities for young minds to continue their studies abroad. Private schools are also available with more expensive tuition fees.
Transportation in New Zealand is convenient and reasonable. Traveling from one sector to another generally will cost about 20 to 50 euros depending on the distance. A tour around major cities will cost 10 to 20 euros. New Zealand’s transportation system is updated and systematic. Several buses are on route daily, trains regularly circuit around the nation and airports are state-of-the-art. Locals also have the opportunity of driving the car of their dreams since there are loans and other car plans and policies suited for their utmost convenience.
Another aspect of the services cost in New Zealand is the high value added tax imposed on goods and services that are as high as 11.75%. This added amount is included in the cost of goods and services bought or sold.
Employment Costs in New Zealand
At present, New Zealand needs more helping hands in the fields of health care, computer technology, management and agriculture. Working in New Zealand is financially rewarding since it is one of the top countries in the world offering high employee salaries. This is the main reason why most people enjoy high quality living and can afford pricey items and commodities.
The employment rate of New Zealand is at a high 96% overall . Immigrant influx is expected in the next decade as the government aims to direct to other growing cities and communities. It may be easier to find a job outside Auckland but pay will just be as good. Foreign investors and business owners are also very much welcome in any part of the country.