Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Canterbury overtakes Auckland median income despite quakes

Canterbury overtakes Auckland median income despite quakes, census shows

By Pattrick Smellie

Feb. 4 (BusinessDesk) – Personal income statistics from the 2013 national census show the annual median income in Canterbury was the second highest in the country, overtaking Auckland since the last census in 2006, in a trend that appears to reflect strong dairying growth overcoming earthquake impacts.

The census shows that Wellingtonians’ median income remains the highest in the country, at $32,700, although the 13.1 percent rise in the Wellington median is lower than the national average of 14.3 percent between the 2006 and 2013 censuses.

The censuses were held seven rather than five years apart after the Canterbury quakes in 2010 and 2011 quakes forced postponement.

A median income is a mid-point between the incomes of an equal number of people aged over 15. It differs from an average income measure, and reflects the incomes of beneficiaries, pensioners, students, and non-earners as well as wage and salary earners and the self-employed.

The statistics also show that despite the quakes, the Canterbury region, which includes the rural hinterland as well as Christchurch city, experienced a population rise over the period.

In 2006, the census recorded a total of 419,343 people living in Canterbury, which rose to 438,741 in the 2013 count. Home ownership statistics also suggest that Canterbury’s proportion of renters has remained about stable between the two censuses, at 30.1 percent last year versus 29.6 percent for people living in a “dwelling not owned and not held in a family trust” in 2006.

The national proportion of people in that category, which can be seen as a proxy for people living in rented accommodation, rose from 33.1 percent in 2006 to 35.2 percent of stated households in 2013.

The lowest median income in the latest census was recorded in Northland, at $23,400 a year, up 10.7 percent from the 2006 census. The only region to see the median income rise less than that was Auckland, with a 9.5 percent increase over the seven years, although the median Auckland income at $29,600 is third highest in the country.

In 2006, Waikato had the third highest annual median income at $24,100. It rose to $27,900 in 2013, but was sixth equal with Marlborough.

The largest percentage increases in median incomes over the seven years were recorded on the West Coast, where the median rose 24.2 percent to $26,900; Canterbury, up 21.9 percent to $30,100; Southland, up 21.3 percent to $29,500; and Taranaki, up 20.2 percent to $29,100. All four have benefited from the dairying boom of recent years.

For New Zealand as a whole, the median income rose 14.3 percent over the seven years between 2006 and 2013, from $24,400 to $28,500.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Gordon Campbell: On The Australians Scoring Trade Points Against Us With The Chinese

It hasn’t been a great year for Trade Minister Tim Groser... To top it off, Australia has just signed a FTA with China that has far better provisions on dairy exports than what New Zealand currently enjoys in our own FTA with China. More>>

ALSO:

Iwi & Local Consultation: Oil And Gas Block Offer 2015 Begins

Energy and Resources Minister Simon Bridges today announced the start of the Block Offer 2015 process for awarding oil and gas exploration permits. More>>

Industrial Action: Stats NZ Throwing Public Money Away Duplicating Data

The Public Service Association (PSA) says Statistics NZ are throwing money away by collecting the same data twice for official statistics such as the Consumer Price Index... As part of the ongoing industrial action, field interviewers who are PSA members are continuing to collect data, but are not sending it through to Statistics NZ. More>>

ALSO:

Other Stats:

Space: Rosetta's 'Philae' Makes Historic First Landing On A Comet

After more than a decade traveling through space, a robotic lander built by the European Space Agency has made the first-ever soft landing of a spacecraft on a comet. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news