Ultimately, the cost of living in New Zealand is so high that it may not be sustainable for many people over the long term.
As per the recent survey, New Zealand has emerged as the country with the most expensive cities in the world, beating its closest competitors- Australia and Japan. The survey conducted by Mercer, a global human resources consulting firm, measures the cost of living in different cities across the globe. This survey takes into consideration various factors like housing, transport, food, clothing, entertainment, and other expenses. According to the report, the New Zealand dollar has strengthened over the last year, which has led to the increase in the cost of living in the country. The cost of accommodation and transport in cities like Auckland, Wellington, and Christchurch has increased significantly, making them some of the most expensive cities in the world.
Auckland was recently ranked the fourth least affordable city for housing in the world by Demographia.
By the end of 2021 homes in Auckland have come with an average house price now NZ$1.3m (US$934,000), according to QV, a valuation and property services company in New Zealand.
Overall, it is important for local governments and businesses to address the issue of high living costs and their impact on residents. This can be done through initiatives to increase affordable housing, as well as advocating for fairer wages across all sectors. There is a growing divide between the rich and poor across New Zealand as the cost of living keeps rising.
New Zealand in 2022-2023 can be found in “The Most Expensive Housing Markets Globally By “Median Multiple” with Auckland sitting in the top ten list.
When fuel costs are high crime is also high, New Zealand has a very high gang membership across the country. Also recent surveys suggest crime is seven to ten times the official tally count.New Zealand cities also fell in global rankings, they were the biggest losers, the least most liveable cities with Auckland and Wellington now 34th.
When it comes to managing expenses in New Zealand cities, tourists and visitors have several options to consider. One way to keep costs down is to explore the city on foot or by bike, which not only saves money but also allows for a more immersive and authentic experience. Another option is to look for budget accommodation, such as backpacker hostels or camping grounds, which can be significantly cheaper than hotels.
