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Median household income is commonly used to measure the relative prosperity of populations in different geographical locations. It divides households into two equal segments with the first half of households earning less than the median household income and the other half earning more.
Contents
- Median household income in NZ 2004 8
- Median household income in NZ 2009 2011
- Median household income in 2007 8
- Median household income in 2011 2012
- Median gross household income in 2013 14
- References
Since 2000 household incomes in Australia have been growing rapidly.
New Zealand and Australia are gradually being economically integrated through a process known as “Closer Economic Relations (CER)”. Their citizens are free to travel, live and work in either country. Information about their relative median household incomes is of interest, especially for those considering migration.
The latest release shows that the median gross household income in 2013-14 was $80,704, and the average of all households was $107,276.
Median household income in NZ 2004-8
Median weekly household income in NZ increased at a rate of about 3.5% a year from 2004 to 2008. In June 2004 it was (NZ)$992, June 2005 was $1,040, June 2006 was $1,129, June 2007 was $1,203, June 2008 was $1,271.
Median household income in NZ 2009-2011
Median weekly household income in NZ fell slightly or stagnated from 2009-2010 during the 'great recession' period. In June 2009 it was $1,234 and June 2010 it was $1,236. In 2011 household incomes recovered to beyond the high of 2008 again - median weekly household incomes increased again to $1,289.
Median household income in 2007-8
Income data for each state (or territory) has been converted to U.S. dollars using purchasing power parity for private consumption. This is done because it provides a more accurate and stable assessment of the true value of citizens' incomes in diverse countries.
Main source: Australian Bureau of Statistics, Household Income and Income Distribution, Australia 2007–08 . Note : The NZ figure is Average Household Income and not Median Household Income. No source for Median Income found. The figure for NZ Median Household Income is likely to be slightly less. Note: GDP per capita cannot be used to predict median household income (See median household income).
Median household income in 2011-2012
There were no significant changes in income between 2009–10 and 2011-12.
Median gross household income in 2013-14
The latest release shows that the median gross household income in 2013-14 was $80,704, and the average of all households was $107,276.