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Income

Waikato progress indicators – Tupuranga Waikato

Waikato Progress Indicators - tupuranga Waikato

INCOMEPhoto of New Zealand money - notes

WPI - up arrow   IMPROVING TREND

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 (2022 dollars)
1998 1,243
1999 1,232
2000 1,292
2001 1,310
2002 1,366
2003 1,396
2004 1,343
2005 1,476
2006 1,529
2007 1,574
2008 1,610
2009 1,576
2010 1,491
2011 1,415
2012 1,486
2013 1,506
2014 1,442
2015 1,559
2016 1,755
2017 1,739
2018 1,916
2019 1,942
2020 1,898
2021 1,944
2022 1,935

What is this indicator telling us? 

  • Median weekly household income in the Waikato region in 2022 was around $79 below the national average in June 2022 (i.e. $1,935 compared to $2,014 for New Zealand overall).
  • Real median weekly household income in the Waikato region in 2022 was slightly below the 2021 level (i.e. $1,935 compared to inflation-adjusted $1,944 in 2021).
  • 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 for median weekly household income by region.

These SNZ data have been inflation adjusted to June 2022 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.