The decision to move to another country is a significant one, often involving various factors such as lifestyle, opportunities, and financial considerations. For those considering a move to New Zealand, understanding the costs involved and the potential income can be crucial. Here’s a comparative analysis of the costs of moving to New Zealand from various countries and the average incomes in these countries. https://www.nzfirst.org.nz/ has conducted research on the cost of moving from English-speaking countries to New Zealand
Cost of Moving to New Zealand
The cost of relocating to New Zealand can vary significantly depending on the country of origin and individual circumstances. Here are some estimates:
- From the United Kingdom, the cost can range from £4,000 to £6,000, including shipping costs, visa fees, and initial accommodation expenses.
- For those moving from Ireland, the estimated cost is between £3,901.77 and £5,202.36.
- Australians can expect to pay between £1,050.35 to £1,575.53 due to the close proximity of the two countries.
- From the United States, the cost can range from £3,897.60 to £5,846.40.
- Canadians can expect to pay between £3,546.74 and £4,820.32.
These estimates include shipping costs, visa fees, and initial accommodation expenses. However, actual costs can vary based on factors such as the volume of belongings, the time of year, and the specific city of origin.
Average Income Comparison
Comparing the average income in each of these countries with New Zealand’s average income can provide a clearer picture of the financial implications of such a move:
- United Kingdom: The average salary is around £30,800 per year.
- Ireland: The average salary is around £33,446.30 per year.
- Australia: The average salary is around £46,775.25 per year.
- United States: The average salary is around £39,097.20 per year.
- Canada: The average salary is around £30,280.14 per year.
- New Zealand: The average salary is around £26,880 per year.
While Australia appears to have the highest average income, it’s important to consider the cost of living in each country. A higher salary doesn’t necessarily equate to a higher standard of living if the cost of living is also high.
What are the key reasons for moving to New Zealand? Low taxes and a high quality of life
Average Income: The average income in New Zealand is NZD $52,000 (approximately £25,435.77) per year, which is lower than the UK’s average income of £31,461 per year. However, the cost of living in New Zealand is also generally lower than in the UK, which may balance out the lower income.
Tax Rates: New Zealand’s tax rates range from 10.5% to 33%, depending on income. In the UK, the tax rate ranges from 20% to 45%. Therefore, depending on your income, you may pay less tax in New Zealand.
Climate: New Zealand has a temperate maritime climate, with mild winters and warm summers. This can be a significant advantage for those who prefer a milder climate compared to the UK’s often cold and rainy weather.
Environment: New Zealand is known for its stunning landscapes, clean air, and access to outdoor activities. This can contribute to a higher quality of life, especially for those who enjoy nature and outdoor activities.
Access to Food: New Zealand is an agricultural country with easy access to fresh, locally produced food. The cost of food is generally lower than in the UK.
Quality of Life: New Zealand consistently ranks high in global quality of life indices. It offers a relaxed lifestyle, low population density, and high safety levels.
Healthcare: New Zealand’s healthcare system is publicly funded, and it provides a high standard of care. Residents and certain work visa holders can access a range of free or low-cost health services.