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Is it really comparable with the bay area? A quick scan suggests that the most expensive city in NZ (Auckland) sits at around NZ$1 million. Compare that to US$1
by ezzaf 6y ago
Is it really comparable with the bay area? A quick scan suggests that the most expensive city in NZ (Auckland) sits at around NZ$1 million. Compare that to US$1.3 million for San Francisco. The rest of NZ is substantially cheaper, the second city Wellington for example is NZ$0.7 million.
Median wages appear to be about NZ$50k (all NZ) vs US$75k (San Fran). So on both absolute price and price vs income, only Auckland appears to be in the same ballpark as San Francisco.
- lostlogin 6y agoKeep in mind that NZ 50k is US 25K and that an NZ$1 million house will be very small or very far outside the centre. I don’t doubt that SF is more expensive, but it is bad in Auckland.