April 19, 2010
Some basic figgerin’
Median weekly income from all sources for the June 2009 quarter: $538, from here. $538/wk = $27 976/pa (yes, that’s incredibly low, about half of what I’ve seen quoted elsewhere, but the source is as good as they get).
Tax on $27 000/pa = 21%, so cash-in-hand for the median earner = $425/week. Unless statsNZ already did that sum, which I can find no mention of on their website.
Average weekly rent for a 2-bedroom flat in Auckland (average of medians for Glenn Innes, Panmure, Mt Wellington, Onehunga and Remuera, from here, and if you want a better sample do it yourself): $308/week.
Fark. I think it’s fair to say we have a housing crisis in Auckland. Someone please tell I’ve done my sums wrong.