Income

Waikato progress indicators – Tupuranga Waikato
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Waikato Progress Indicators - tupuranga Waikato

INCOMEPhoto of New Zealand money - notes

WPI - up arrow   IMPROVING TREND

(Note: trend indicator above is relative to 2007 WPI baseline year)

Real median household income in the Waikato region has been relatively unchanged since 2018, and fell slightly during the COVID-19 pandemic, but remains well above levels in past decades.

This indicator is real median household income in the Waikato region. It is calculated from median weekly household income from the New Zealand Income Survey, adjusted by the Consumer Price Index (CPI) (a measure of the average price of consumer goods and services purchased by households).

Why is this indicator important?

How much households earn determines their purchasing power and material standard of living, which has a direct link with the health of our regional and national economy. This measure identifies the midpoint of the range of weekly household income reportedly received during that year.

Income

Waikato Progress Indicators - Income graph

Year  Real median weekly household income (2024 dollars) 
1998 1,362
1999 1,350
2000 1,415
2001 1,435
2002 1,497
2003 1,530
2004 1,471
2005 1,617
2006 1,675
2007 1,725
2008 1,764
2009 1,727
2010 1,633
2011 1,550
2012 1,628
2013 1,650
2014 1,580
2015 1,708
2016 1,923
2017 1,905
2018 2,099
2019 2,127
2020 2,080
2021 2,130
2022 2,120
2023 2,149
2024 2,120

What is this indicator telling us? 

  • Median weekly household income in the Waikato region in 2024 was around $229 below the national average in June 2024 (i.e. $2,120 compared to $2,349 for New Zealand overall).
  • Real median weekly household income in the Waikato region in 2024 was the same as the 2022 level (i.e. $2,120 in 2024 dollars).
  • In New Zealand, the average household net adjusted disposable income per capita is US$39,024 a year, higher than the OECD average of US$30,490.

DATA SOURCE AND SUPPORTING INFORMATION

Data are found online using Statistics New Zealand's (SNZ) NZ Stat Table Builder: Aotearoa Data Explorer: search for keywords “household income” and click on household income by region.

These SNZ data have been inflation adjusted to June 2024 dollars using quarter 2 Consumer Price Index (CPI) values.

Update details: Annual series with June quarter survey results available in the first week of October.

Customised data request requirements: Nil

DATA AVAILABILITY – OTHER THAN WAIKATO REGION:

Territorial Authority (TA) disaggregation: No

Other regions: Yes

New Zealand: Yes 

Other countries/ Organisation for Economic Co-operation and Development (OECD): Comparative data between New Zealand and other countries/OECD are available on the Better Life Index website and on OECD.Stats for various other measures of income per capita.