Curious where you stand in terms of salary and net worth compared to fellow Kiwis? Delving into average salaries and net worth by age provides valuable insights to help set goals and make informed financial decisions.

Comparing yourself to others can be both motivating and frustrating. While many Kiwis wonder how they stack up financially against their peers, finding accurate data can be challenging. Factors like education, skills, experience, and industry influence your earning potential and net worth.

Understanding what to expect financially at different life stages can guide you in setting realistic goals and making smart financial choices. Our guide uses Stats NZ as a primary source, ensuring impartial and accurate information wherever possible.

Teens (Age 15 - 19)

Teens between 15 and 19 years earn a median of $390 per week, equating to an annual pre-tax income of $20,280.

Early Career (Age 20 - 24)

Fresh out of university or after completing a trade qualification, you're likely starting in an entry-level role. Private companies often offer better pay due to incentives like bonuses or share schemes. In New Zealand, entry-level salaries range from $40,000 to $50,000 annually.

Building Experience (Age 25 - 34)

Advancing in your career, you can negotiate higher salaries and explore new opportunities. Salaries typically range from $50,000 to $80,000 in this age bracket.

Mid-Career Progression (Age 35 - 44)

Gaining specialized skills and taking on leadership roles can make you more valuable in the job market. Salaries in this category generally range from $80,000 to $100,000 annually.

Peak Career (Age 45 - 54)

At the top of your career, this is often the most financially rewarding period. Salaries range from $100,000 to $150,000, and your net worth should reflect significant wealth accumulation.

Experienced Professionals (Age 55+)

While salaries might dip slightly, many still earn well, with averages ranging from $80,000 to $100,000 per year.

Exploring NZ's earning potential and net worth by age reveals that financial growth is a continuous journey. To boost your financial position, consider diversifying your income streams.

For more insights on growing your income, check out our comprehensive guide, "Maximize Your Earnings in NZ: Top Side Hustles for Extra Income [2024].