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Great reasons to live in New Zealand

Category personal-finance

glass half full

It's all too easy to have a cup half empty and look on the negative side of everything. Don't. New Zealand isn't perfect or the richest country but there are huge financial advantages of living here compared to the majority of other countries in the world.

New Zealand is consistently named as one of the best places in the world to live. We're still ahead of some European countries in the International Monetary Fund's rankings for Gross Domestic Product, per capita.

We also score well in the OECD's Better Life Index, and according to an influential survey by Mercer, we rank third in the world for quality of living.


I don't want to detract from the day-to-day struggle that some Kiwis experience and I appreciate that like every country there is income inequality in New Zealand. None-the-less, here are some great financial reasons to live in New Zealand that we should celebrate with a cup half full attitude:

  • We're ahigh wage economy. Don't believe people who say otherwise. They’ve clearly never been to the likes of Brazil, Chile, Thailand, Slovenia, or South Africa. Our median weekly household income makes us among the richest people on earth. In 2017 we ranked 19th of the 38th richest countries. Our net income is almost double the lowest OECD countries. In terms of social inequality we’re 20th of the 38 richest countries on the OECD list. Remember that there are 196 countries in the world in total, so 20th is something to celebrate.
  • Our economy and banking system arevery stable compared to many other countries. We don't have rampant inflation. Imagine trying to save in countries with inflation rates in the double digits. Or living in a country where the currency is suddenly devalued overnight wiping out a big chunk of your wealth.
  • We have a free hospital system that provides first world treatment. If you fall ill or have an accident you're almost certain to be fixed up whether you have health insurance or not. That doesn't even happen in some wealthier countries such as the United States.
  • Our benefits system provides a source of income to our poorest citizens. It's downright difficult to live on a benefit. But our social welfare benefits ensure that no-one starves in our country and relatively few people are homeless.
  • We have universal superannuation. I asked my friends at Sorted.org.nz for their opinion on the financial advantages of living in New Zealand and they pointed out quite rightly: New Zealand Superannuation. It is subject only to tests for age and length of NZ residency irrespective of (most) other personal circumstances.
  • An easily accessible stock market for investment.
  • An Earthquake Commission to ensure we're looked after if a natural disaster hits.
  • We live in a moderate climate with large sections on which we can grow food.
  • We are one of the biggest givers to charity in the world – meaning when we need help there is an organisation there for us.

Finally, be happy. A positive outlook can help financially.