Cost of Living in the New Zealand
Calculate the Approximate Living Expenses in the New Zealand
Planning to study at a New Zealand university? You must be wondering what the cost of living in the UK will be? The living expenses in New Zealand vary from one individual to individual and city to city, and it takes several factors into account to calculate the expenditures.
Average Monthly Cost of Living in the New Zealand
|Daily essentials||NZD 56|
|Transport (Public)||NZD 130|
|Phone & Internet||NZD 55|
|Medical Expenses||NZD 45-110|
|Outside Eating||NZD 120-160|
|Miscellaneous Expenses||NZD 110|
|Apartment (1 BHK) in City Centre||1,605.24|
|Apartment (1 BHK) Outside City Limits||1,241.53|
|Apartment (3 BHK) in City Centre||2,608.36|
|Apartment (3 BHK) Outside City Limits||2,112.8|
Average Cost of Study in New Zealand
Cities in New Zealand with the Highest Cost of Living
Cities in New Zealand with the Lowest Cost of Living
- New Plymouth
The government website gives a detailed account of the average cost of living in New Zealand. Students must be ready to spend 1250 NZD per month on their living expenses in New Zealand. However, the average expenditure in New Zealand varies from one city to another. Thus one must confirm the university first in order to ascertain the living cost in New Zealand per month. Different universities have given the average monthly expenses in New Zealand. For instance, Victoria University recommends an annual budget of 18000 to 27000 NZD per annum. In comparison, the University of Auckland recommends a yearly budget of 20000 to 25000 NZD, and the Massey University gives a stipulated budget of 15000 to 18000 NZD.
It is not a costly place to live, and if you are ready to devote some time to part-time jobs, you can easily cover up your monthly living expenses in New Zealand. While applying for Visa, you must be in the position to provide evidence that you will be able to cover your living expenses in New Zealand. You might get an exemption if someone from your family already staying in New Zealand accept your financial responsibility.
Hamilton is another Prime location in close proximity with Auckland. With the benefit of low rent and proximity from Auckland, the place has become one of the most sought locations for students as they live close to the business hub without taking a toll on the monthly living expenses in New Zealand. The rent for a 1BHK apartment is around 750-930 New Zealand dollars which is very low when compared to the rates in nearby Auckland.
New Plymouth has emerged as a favored destination for students because of its nightlife, close proximity to natural Hotspots, and reasonable apartment renting options. Unfortunately, the cost of living in New Zealand for Indian students depends overly on the rents, and in New Plymouth, the rents are around 800-950 NZD for a 1BHK and 4000 for a 3BHK apartment.
Rotorua is a place that is in close proximity with Hamilton, and here, the cost of living and the rent prices are pretty low. This has always been a hub for Indian students because it provides quality education at an affordable cost of living in New Zealand. One should thoroughly check the cities cost of living before finalizing admission.
Wellington is New Zealand’s capital does there are reasons for it being one of the most expensive cities in the country. Wellington has one of the highest living costs in New Zealand per month, and it is around 1400 New Zealand dollars for a single person. There has been an upward trend in rents which has adversely affected the average expenditure in New Zealand for students wanting to study there. So if you cannot afford to put substantial monetary sums, you should explore other options than Wellington.
Christchurch is another city with high rents and living expenses in New Zealand. On average, a single person has to spend around 1300 NZD for monthly living expenses in New Zealand while residing in Christchurch. Although there is an upside to it, Christchurch is a business town, and those looking for better job opportunities can explore this city for their educational purpose. If you are ready to take a part-time job and have financial backing from your family, then you can manage your average monthly expenses in New Zealand.
Queenstown has severe housing problems, and people face the brunt of it in their average expenditure in New Zealand. Students living there have switched to nearby places with affordable living costs. The place is now the least likely to attract more students owing to shrinking living spaces and the high cost of living.
The education cost is more for those courses which are high in demand. For instance, the scope of employability and demand of MBA graduates are higher than life sciences courses, so the fee structure is almost twice or thrice. For engineering graduates to the job, prospects are bright, and one can always be assured of getting a decent job after graduating from a university of New Zealand. The cost incurred in fees has a direct impact on the living expenses in New Zealand. You should do a thorough analysis of the course fee and future prospects in order to ascertain the living cost in New Zealand per month.
Students have to spend considerable money every month, roughly amounts to around 1400 NZD or 73526 INR. So selecting an educational institution within your financial capability will always help you in taking care of the monthly living expenses in New Zealand. Those coming to New Zealand on a student visa are allowed to work for 20 hours per week on a part-time basis. The minimum wage is 18.90 NZD per hour. So you can easily earn 400-700 NZD based on your skill set and ability to do work. Students take up part-time jobs to take care of their average expenditure in New Zealand. There are plenty of part-time jobs which will pay you well and ease the burden on your finances.
Cities like Auckland and Wellington, being the business hubs, have better prospects in terms of post-education employment. But, everything is said and done. At the end of the, it’s your financial capability calling the shots because the most important thing is to complete your degree without taking the extra financial burden.
While cities like Wellington and Auckland have high accommodation costs, they are manageable if you are ready to take a part-time job. The cost of living in New Zealand is high because of high minimum wages, which is around 16NZD/ hour (when included with tax).
The government estimates the average expenditure in New Zealand for food, and it is pegged at 100-150 NZD per week. However, the cost of some food items may be high as they are imported and not locally produce.
Big cities also have a ferry system, but it is restricted to few cities and can’t be accessed in other cities. New Zealand has “Coach” busses for inter-city travels that are available at reasonable prices and can be used when you are planning for an outing. The use of public transport will definitely help you save a lot of monthly living expenses in New Zealand.
There are several ways to save the extra bucks spend as miscellaneous expenses:
- Use public transport
- Use student ID for discounts at public and private places for shopping and traveling.
- Use second-hand bikes or cars if you are planning to buy one.
- You should also rent the flat on sharing basis as it will help you save a lot on rents and utilities.
- If possible, learn to cook and avoid lunch at restaurants.
- Use study materials from seniors and buy them at discounted prices.
- Use free resources provided by most of the universities.