Where is the Cheapest Place to Live in New Zealand?
The housing market in New Zealand has been heating up for some time now, with the national median price now topping NZ$800,000. This is putting a lot of pressure on families and young people looking to move to this beautiful country. However, it’s not all doom and gloom as there are plenty of great options for those looking to find cheap places to live in nz. We’ve taken a look at some of our underrated cities, towns and regions to bring you a list of the cheapest places to live in New Zealand.
Christchurch
If you’re thinking about moving to the South Island, then Christchurch is one of your best bets as it’s our cheapest city when house prices are compared to incomes. House prices are relatively low here, yet residents’ annual household incomes are high – making for an excellent living deal. The city is quickly getting back on its feet after the devastating earthquakes and today, many job opportunities can be found in industries like IT, manufacturing and construction.
Dunedin
Dunedin is another great option for those hoping to find affordable places to live in nz. As a medium-sized city, it has a nice blend of both student and working-class neighborhoods. It’s a very friendly place to live with no traffic jams or noisy city centers and its citizens rate their quality of life as quite high. This city is known for its university, cultural events and parks as well as its mild climate.
Hamilton
The second biggest city in the North Island, Hamilton has become a popular choice for people seeking affordable places to live in nz. It’s an ideal city to live in if you want to experience the local culture as it offers a large selection of festivals throughout the year. The city is also well-known for its beautiful beaches, tramping trails and lush parks. Its close proximity to the mountains and sea means that there are always plenty of outdoor activities to enjoy.
Whangarei
The third cheapest city to live in New Zealand, Whangarei is located on the northern affordable aotearoa side of the North Island and is a hub for education, farming, tourism and business. Whangarei has an attractive lifestyle for families with lots of opportunities to get out and explore the beautiful outdoors, while a number of museums and libraries offer plenty to do for all ages.
Invercargill
Invercargill is another North Island town that is considered one of the cheapest places to live in nz. Whether you’re looking to buy or rent, this is a great option for those wanting to escape the higher prices of Auckland. A three-bedroom home in the city costs NZ$400,000 to $500,000. It also has a good number of job opportunities in the agriculture, manufacturing and tourism industries.