---
title: "Rent & Housing Costs in New Zealand — Geo-Parity"
description: "Rent in New Zealand: about $1,424/month for a 70m² flat, 53.4% of the local median wage. Measured against local wages and your own income."
canonical: "https://geo-parity.com/housing/new-zealand/"
json: "https://geo-parity.com/api/housing.json?country=NZ"
generator: geo-parity markdown twin
---
[Expenses](https://geo-parity.com/expenses/?tab=housing) · New Zealand

# Rent and housing costs in New Zealand

About **$1,424** a month for a 70m² flat — **53.4%** of what a median local earner takes home. Estimated; see the caveat below.

## The figures

- **Rent, 70m² flat**: $1,424/mo
- modelled from the price basket
- **Share of local median wage**: 53.4%
- local median ≈ $2,668/mo
- **Price-to-income**: 125.2%
- of this country's own long-run average
- **Price-to-rent**: 170.6%
- above 100 favours renting
- **Mortgage rate**: —
- not published free outside the euro area
- **Housing price level**: —
- EU27 = 100 (Eurostat)

Updated 2026-09-01. Price-to-income and price-to-rent compare New Zealand with its own long-run average, not with other countries. National averages — not financial advice.

## Countries with similar rent

- [Canada](https://geo-parity.com/housing/canada/) — $1,357/mo , 37.2% of local wage
- [Sweden](https://geo-parity.com/housing/sweden/) — $1,373/mo , 32.3% of local wage
- [Switzerland](https://geo-parity.com/housing/switzerland/) — $1,416/mo , 21.5% of local wage
- [Norway](https://geo-parity.com/housing/norway/) — $1,459/mo , 23% of local wage
- [United Kingdom](https://geo-parity.com/housing/united-kingdom/) — $1,466/mo , 40.8% of local wage
- [Australia](https://geo-parity.com/housing/australia/) — $1,534/mo , 40.3% of local wage

See also: [all countries ranked](https://geo-parity.com/expenses/?tab=housing) · [what people earn in New Zealand](https://geo-parity.com/wage-bands/new-zealand/) · [healthcare costs](https://geo-parity.com/healthcare/new-zealand/)

## Frequently asked questions

How much is rent in New Zealand?

About $1,424 a month for a 70m² flat — modelled from this site's price basket, which understates housing where it has decoupled from the general cost of living. That is 53.4% of the local median wage of roughly $2,668 a month. A national average, not a quote: what you pay depends on the city, the neighbourhood and when you look.

Can I afford to live in New Zealand on a remote salary?

That depends on the salary, which is the point. Rent of $1,424 is 53.4% of a local median wage; on a $6,000/month remote income it would be about 24%. The gap between those two figures is the arbitrage, and the housing tool computes it for any income you enter.

Is buying in New Zealand good value right now?

Price-to-income currently sits at 125.2% of New Zealand's own long-run average, so housing is 25% less affordable than its historical norm. Price-to-rent is at 170.6% of its own average — above 100 favours renting. These compare New Zealand with its own past, not with other countries.

Where does this data come from?

OECD (price-to-income and price-to-rent), the ECB (mortgage rates, euro area only) and Eurostat (measured city rents and housing price levels), refreshed at build time — last updated 2026-09-01. OECD — DSD_AN_HOUSE_PRICES, HPI_YDH_AVG (% of long-term average); OECD — DSD_AN_HOUSE_PRICES, HPI_RPI_AVG (% of long-term average); ECB Data Portal — MIR, new housing loans to households (euro area); Eurostat — prc_ppp_ind, ppp_cat A0104 (EU27=100); Eurostat Urban Audit — SA1049V, average annual rent per m² (EUR); Eurostat Urban Audit — SA1053V, apartment price per m² (EUR); Eurostat Urban Audit — SA1051V, average apartment price (EUR); HUD USER — Fair Market Rents FY2026, One-Bedroom (40th-percentile GROSS rent, incl. tenant-paid utilities, USD/month).

---

Source: Geo-Parity — https://geo-parity.com/housing/new-zealand/ · JSON: https://geo-parity.com/api/housing.json?country=NZ