Canterbury overtakes Auckland median income despite quakes, census shows

Personal income statistics from the 2013 national census show the annual median income in Canterbury was the second highest in the country, overtaking Auckland since the last census in 2006, in a trend that appears to reflect strong dairying growth overcoming earthquake impacts.

The census shows that Wellingtonians' median income remains the highest in the country, at $32,700, although the 13.1 percent rise in the Wellington median is lower than the national average of 14.3 percent between the 2006 and 2013 censuses.

The censuses were held seven rather than five years apart after the Canterbury quakes in 2010 and 2011 quakes forced postponement.

A median income is a mid-point between the incomes of an equal number of people aged over 15. It differs from an average income measure, and reflects the incomes of beneficiaries, pensioners, students, and non-earners as well as wage and salary earners and the self-employed.

The statistics also show that despite the quakes, the Canterbury region, which includes the rural hinterland as well as Christchurch city, experienced a population rise over the period.

In 2006, the census recorded a total of 419,343 people living in Canterbury, which rose to 438,741 in the 2013 count. Home ownership statistics also suggest that Canterbury's proportion of renters has remained about stable between the two censuses, at 30.1 percent last year versus 29.6 percent for people living in a "dwelling not owned and not held in a family trust" in 2006.

The national proportion of people in that category, which can be seen as a proxy for people living in rented accommodation, rose from 33.1 percent in 2006 to 35.2 percent of stated households in 2013.

The lowest median income in the latest census was recorded in Northland, at $23,400 a year, up 10.7 percent from the 2006 census. The only region to see the median income rise less than that was Auckland, with a 9.5 percent increase over the seven years, although the median Auckland income at $29,600 is third highest in the country.

In 2006, Waikato had the third highest annual median income at $24,100. It rose to $27,900 in 2013, but was sixth equal with Marlborough.

The largest percentage increases in median incomes over the seven years were recorded on the West Coast, where the median rose 24.2 percent to $26,900; Canterbury, up 21.9 percent to $30,100; Southland, up 21.3 percent to $29,500; and Taranaki, up 20.2 percent to $29,100. All four have benefited from the dairying boom of recent years.

For New Zealand as a whole, the median income rose 14.3 percent over the seven years between 2006 and 2013, from $24,400 to $28,500.

(BusinessDesk)

This article is tagged with the following keywords. Find out more about My Tags

Comment & Question

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7820 -0.0031 -0.39%
AUD 0.8932 -0.0027 -0.30%
EUR 0.6184 -0.0032 -0.51%
GBP 0.4879 -0.0015 -0.31%
HKD 6.0663 -0.0237 -0.39%
JPY 84.6500 0.5280 0.63%

Commods

Commodity Price Change Time
Gold Index 1241.1 -7.450 2014-10-22T00:
Oil Brent 84.7 0.320 2014-10-22T00:
Oil Nymex 80.5 -1.960 2014-10-22T00:
Silver Index 17.2 -0.318 2014-10-22T00:

Indices

Symbol Open High Last %
NZX 50 5279.7 5299.9 5279.7 0.25%
NASDAQ 4427.4 4475.6 4382.9 1.60%
DAX 8873.5 9068.1 8940.1 1.20%
DJI 16468.1 16767.5 16614.8 1.30%
FTSE 6399.7 6430.3 6399.7 0.30%
HKSE 23296.0 23397.2 23404.0 -0.30%
NI225 15093.8 15232.5 15195.8 -0.37%