Auckland · NZD · very high cost city

Savings rate in Auckland — are you on track?

Auckland is a very high cost city. Auckland median rent reached NZ$2,400/month in 2023, reflecting a severe long-term housing supply deficit. Auckland's housing crisis means mid-income earners consistently struggle to meet New Zealand's savings benchmarks.

Median rent

NZ$2,400/mo

Auckland 2023

Typical other costs

NZ$2,200/mo

excl. housing

Savings benchmark

5–14%

mid-income NZD

Pre-set for Auckland — adjust to your situation

Country
NZ$69,000
NZ$15,000NZ$232,500NZ$450,000+
NZ$2,400/mo
NZ$0NZ$4,000NZ$8,000+

Food, transport, subscriptions, going out — everything except rent

NZ$2,100/mo
NZ$0NZ$4,500NZ$9,000+

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What a good savings rate looks like in Auckland

Using data from Stats NZ Household Economic Survey 2023, people at mid-range incomes in New Zealand typically save between 5–14% of gross income. In a very high cost city like Auckland, housing costs can compress that meaningfully — especially for renters.

Minimum
5%
floor — not building
Expected
9%
benchmark
Strong
20%
top tier

Source: Stats NZ Household Economic Survey 2023. Benchmarks shown for mid-income earners in New Zealand.

See full cost breakdown for Auckland →

Compare nearby cities

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Also in the Verdict suite

SalaryVerdict — Is your Auckland salary competitive?SpendVerdict — Is your Auckland rent too high?