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  Community » Waikato Progress Indicators - Tupuranga Waikato » Report cards » Income

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  IMPROVING TREND

Following a period of slow growth, since 2015 the real median household income in the Waikato region has rebounded to a record high level.

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

Bar chart of median weekly household income

Year Real median weekly household income (June 2017 dollars)
1998 1,070
1999 1,061
2000 1,112
2001 1,128
2002 1,177
2003 1,203
2004 1,156
2005 1,271
2006 1,317
2007 1,357
2008 1,387
2009 1,361
2010 1,284
2011 1,219
2012 1,288
2013 1,300
2014 1,244
2015 1,354
2016 1,512
2017 1,498

What is this indicator telling us? 

  • Median weekly household income in the Waikato region is around $80 below the national average. Weekly household income in the Waikato region was $1498 in 2017 compared to $1578 for New Zealand overall.
  • Median weekly household income in the Waikato region was close to a record high in June 2017. At the regional and national levels, after adjusting for inflation, real median weekly household income was more than ten per cent higher in 2017 than in 2007.

Check out related information on our website and other organisations’ websites listed on our Waikato Progress Indicators’ Useful Links page.

 

Click here to view report cards

 


DATA SOURCE AND SUPPORTING INFORMATION

Data are found online using Statistics New Zealand's (SNZ) NZ.Stat Table Builder(external link) for median weekly household income by region.

These SNZ data have been inflation adjusted to June 2017 dollars using June quarter Consumer Price Index (CPI) values(external link).

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: No 

New Zealand: Yes 

Other countries/ Organisation for Economic Co-operation and Development (OECD): Comparative data between New Zealand and other countries/OECD are available for various measures of income per capita(external link).

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