House prices might be going through the roof but New Zealand ranks pretty well in terms of beer affordability, according to an international price comparison by news website Quartz.
The Quartz Beer Index takes the average cost of a beer in various countries and compares it with the minimum wage in the same country.
The index gives New Zealand a rating of 0.5, which means it takes half an hour of working at the minimum wage ($13.75 per hour) to earn enough for a beer.
That is not as good as Australia, where it takes just 18 minutes of minimum wage work to afford a beer, or 24 minutes in the United States.
But spare a thought for the people of Georgia, where the lowest paid have to work for more than 15 hours to earn a pint.
A "beer" is defined by Quartz as a half litre of a domestically produced tap beer bought in a bar or restaurant.
Beer prices were provided by crowdsourcing price comparison website Numbeo. Minimum wage rates were sourced from the International Labour Organisation.
- Fairfax Media
Would you consider using your retirement savings to buy a home?Related story: Retirement savings used for first home