For households with at least one wage or salary earner, the average income rose more than 5 per cent in the past June year to little more than $82,000 for the family, says Statistics New Zealand.
During the same period, general inflation rose just 1 per cent, leaving wage-earning households better off.
Average housing costs were unchanged in the June year, with slightly higher rents offset by lower mortgage payments, reflecting falling interest rates.
For households with a mortgage, average weekly payments fell almost 5 per cent in the past year to $357 a week, easing the pressure on household budgets.
But those paying rent have been squeezed harder in the past year, with average household rents up almost 5 per cent to $273 a week.
About 35 per cent of all households pay rent. Taking into account households without a wage earner, such as those relying on a pension or welfare, total average household incomes rose only 2.3 per cent.
- © Fairfax NZ News
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