{
  "better_direction": "up",
  "coverage": {
    "end": "2025-06-30",
    "start": "2006-07-01"
  },
  "description": "Median household disposable income and median equivalised disposable income (before and after housing costs), in constant Year to Jun 2025 prices \u2014 showing whether typical household incomes have kept up with prices.",
  "id": "household-income-real",
  "issues": [],
  "kind": "level",
  "limitations": [
    "Deflated by the all-groups CPI; housing costs for renters and mortgage holders rose differently from the CPI in some years, which is why the after-housing-costs measure is shown too.",
    "Survey estimates with sampling error."
  ],
  "provenance": {
    "adapter": "derive:deflate",
    "formula": "Real income = nominal income × average CPI of the latest June year ÷ average CPI of the four quarters in each June year",
    "inputs": [
      {
        "content_hash": "1fafdea586b393055f4b864fcac323d1a4e37979d7302156a5962f95b50bc886",
        "dataset": "consumers-price-index",
        "series": "CPIQ.SE9A",
        "source": "Stats NZ Tatauranga Aotearoa \u2014 Consumers price index (quarterly)"
      },
      {
        "content_hash": "f7cba710acdfa9c6204aa7c3c59ccc5657f497d0e436dc7c74f52f1479ecb4f2",
        "dataset": "household-income",
        "series": "hes.disposable.median",
        "source": "Stats NZ Tatauranga Aotearoa \u2014 Household income and housing-cost statistics"
      },
      {
        "content_hash": "f7cba710acdfa9c6204aa7c3c59ccc5657f497d0e436dc7c74f52f1479ecb4f2",
        "dataset": "household-income",
        "series": "hes.equivalised-disposable.median",
        "source": "Stats NZ Tatauranga Aotearoa \u2014 Household income and housing-cost statistics"
      },
      {
        "content_hash": "f7cba710acdfa9c6204aa7c3c59ccc5657f497d0e436dc7c74f52f1479ecb4f2",
        "dataset": "household-income",
        "series": "hes.equivalised-disposable-ahc.median",
        "source": "Stats NZ Tatauranga Aotearoa \u2014 Household income and housing-cost statistics"
      }
    ],
    "origin": "calculated",
    "retrieved_at": "2026-10-10T23:15:38.619Z",
    "sha256": "30ab1b947602124702ef2ddda7d7fe84067b0c03969353bb80628d64e1c1c3d8",
    "snapshot": ""
  },
  "related": [
    "household-income",
    "pay-vs-prices",
    "inflation-rate"
  ],
  "series": [
    {
      "frequency": "annual",
      "id": "hes.disposable.median.real",
      "notes": [
        "In Year to Jun 2025 prices: nominal × CPI(Year to Jun 2025) ÷ CPI(period), using Stats NZ CPI all groups (average of the quarters in each period)."
      ],
      "observations": [
        {
          "end": "2007-06-30",
          "label": "Year to Jun 2007",
          "period": "2007-06-30",
          "standard_error": 560.469,
          "start": "2006-07-01",
          "value": 67633.353423
        },
        {
          "end": "2008-06-30",
          "label": "Year to Jun 2008",
          "period": "2008-06-30",
          "standard_error": 688.38,
          "start": "2007-07-01",
          "value": 69833.284815
        },
        {
          "end": "2009-06-30",
          "label": "Year to Jun 2009",
          "period": "2009-06-30",
          "standard_error": 680.848,
          "start": "2008-07-01",
          "value": 71630.4964237
        },
        {
          "end": "2010-06-30",
          "label": "Year to Jun 2010",
          "period": "2010-06-30",
          "standard_error": 844.492,
          "start": "2009-07-01",
          "value": 71849.7165767
        },
        {
          "end": "2011-06-30",
          "label": "Year to Jun 2011",
          "period": "2011-06-30",
          "standard_error": 808.432,
          "start": "2010-07-01",
          "value": 70398.8660831
        },
        {
          "end": "2012-06-30",
          "label": "Year to Jun 2012",
          "period": "2012-06-30",
          "standard_error": 952.884,
          "start": "2011-07-01",
          "value": 72156.7244059
        },
        {
          "end": "2013-06-30",
          "label": "Year to Jun 2013",
          "period": "2013-06-30",
          "standard_error": 831.195,
          "start": "2012-07-01",
          "value": 74918.2814789
        },
        {
          "end": "2014-06-30",
          "label": "Year to Jun 2014",
          "period": "2014-06-30",
          "standard_error": 963.22,
          "start": "2013-07-01",
          "value": 75445.9906594
        },
        {
          "end": "2015-06-30",
          "label": "Year to Jun 2015",
          "period": "2015-06-30",
          "standard_error": 887.595,
          "start": "2014-07-01",
          "value": 78315.2617107
        },
        {
          "end": "2016-06-30",
          "label": "Year to Jun 2016",
          "period": "2016-06-30",
          "standard_error": 861.91,
          "start": "2015-07-01",
          "value": 81209.8574329
        },
        {
          "end": "2017-06-30",
          "label": "Year to Jun 2017",
          "period": "2017-06-30",
          "standard_error": 943.77,
          "start": "2016-07-01",
          "value": 81836.9199039
        },
        {
          "end": "2018-06-30",
          "label": "Year to Jun 2018",
          "period": "2018-06-30",
          "standard_error": 1003.695,
          "start": "2017-07-01",
          "value": 85727.7994113
        },
        {
          "end": "2019-06-30",
          "label": "Year to Jun 2019",
          "period": "2019-06-30",
          "standard_error": 676.95,
          "start": "2018-07-01",
          "value": 85249.2184076
        },
        {
          "end": "2020-06-30",
          "label": "Year to Jun 2020",
          "period": "2020-06-30",
          "standard_error": 1063.41,
          "start": "2019-07-01",
          "value": 87676.6542324
        },
        {
          "end": "2021-06-30",
          "label": "Year to Jun 2021",
          "period": "2021-06-30",
          "standard_error": 895.812,
          "start": "2020-07-01",
          "value": 90568.8416608
        },
        {
          "end": "2022-06-30",
          "label": "Year to Jun 2022",
          "period": "2022-06-30",
          "standard_error": 1110.158,
          "start": "2021-07-01",
          "value": 90515.1366144
        },
        {
          "end": "2023-06-30",
          "label": "Year to Jun 2023",
          "period": "2023-06-30",
          "standard_error": 1136.338,
          "start": "2022-07-01",
          "value": 86770.5093014
        },
        {
          "end": "2024-06-30",
          "label": "Year to Jun 2024",
          "period": "2024-06-30",
          "standard_error": 1017.744,
          "start": "2023-07-01",
          "status": "revised",
          "value": 86843.7267868
        },
        {
          "end": "2025-06-30",
          "label": "Year to Jun 2025",
          "period": "2025-06-30",
          "standard_error": 1165.905,
          "start": "2024-07-01",
          "value": 89685
        }
      ],
      "period_convention": "Years ended June (Household Economic Survey)",
      "source_label": "Table 3 | household disposable income | median",
      "title": "Median household disposable income (inflation-adjusted, Year to Jun 2025 prices)",
      "unit": "nzd"
    },
    {
      "frequency": "annual",
      "id": "hes.equivalised-disposable.median.real",
      "notes": [
        "In Year to Jun 2025 prices: nominal × CPI(Year to Jun 2025) ÷ CPI(period), using Stats NZ CPI all groups (average of the quarters in each period)."
      ],
      "observations": [
        {
          "end": "2007-06-30",
          "label": "Year to Jun 2007",
          "period": "2007-06-30",
          "standard_error": 430.151,
          "start": "2006-07-01",
          "value": 39693.9842197
        },
        {
          "end": "2008-06-30",
          "label": "Year to Jun 2008",
          "period": "2008-06-30",
          "standard_error": 404.01,
          "start": "2007-07-01",
          "value": 40985.1323369
        },
        {
          "end": "2009-06-30",
          "label": "Year to Jun 2009",
          "period": "2009-06-30",
          "standard_error": 430.32,
          "start": "2008-07-01",
          "value": 42254.8050955
        },
        {
          "end": "2010-06-30",
          "label": "Year to Jun 2010",
          "period": "2010-06-30",
          "standard_error": 407.176,
          "start": "2009-07-01",
          "value": 42066.1316715
        },
        {
          "end": "2011-06-30",
          "label": "Year to Jun 2011",
          "period": "2011-06-30",
          "standard_error": 410.746,
          "start": "2010-07-01",
          "value": 40877.7946842
        },
        {
          "end": "2012-06-30",
          "label": "Year to Jun 2012",
          "period": "2012-06-30",
          "standard_error": 549.864,
          "start": "2011-07-01",
          "value": 41638.2110611
        },
        {
          "end": "2013-06-30",
          "label": "Year to Jun 2013",
          "period": "2013-06-30",
          "standard_error": 580.482,
          "start": "2012-07-01",
          "value": 43600.5929911
        },
        {
          "end": "2014-06-30",
          "label": "Year to Jun 2014",
          "period": "2014-06-30",
          "standard_error": 526.704,
          "start": "2013-07-01",
          "value": 43833.5080571
        },
        {
          "end": "2015-06-30",
          "label": "Year to Jun 2015",
          "period": "2015-06-30",
          "standard_error": 447.746,
          "start": "2014-07-01",
          "value": 45583.8683832
        },
        {
          "end": "2016-06-30",
          "label": "Year to Jun 2016",
          "period": "2016-06-30",
          "standard_error": 499.296,
          "start": "2015-07-01",
          "value": 47044.0730202
        },
        {
          "end": "2017-06-30",
          "label": "Year to Jun 2017",
          "period": "2017-06-30",
          "standard_error": 427.104,
          "start": "2016-07-01",
          "value": 46294.2187167
        },
        {
          "end": "2018-06-30",
          "label": "Year to Jun 2018",
          "period": "2018-06-30",
          "standard_error": 495.989,
          "start": "2017-07-01",
          "value": 48880.9757587
        },
        {
          "end": "2019-06-30",
          "label": "Year to Jun 2019",
          "period": "2019-06-30",
          "standard_error": 353.277,
          "start": "2018-07-01",
          "value": 49431.8276114
        },
        {
          "end": "2020-06-30",
          "label": "Year to Jun 2020",
          "period": "2020-06-30",
          "standard_error": 492,
          "start": "2019-07-01",
          "value": 50705.8823529
        },
        {
          "end": "2021-06-30",
          "label": "Year to Jun 2021",
          "period": "2021-06-30",
          "standard_error": 434.71,
          "start": "2020-07-01",
          "value": 52740.3265306
        },
        {
          "end": "2022-06-30",
          "label": "Year to Jun 2022",
          "period": "2022-06-30",
          "standard_error": 747.424,
          "start": "2021-07-01",
          "value": 53322.6237034
        },
        {
          "end": "2023-06-30",
          "label": "Year to Jun 2023",
          "period": "2023-06-30",
          "standard_error": 628.966,
          "start": "2022-07-01",
          "value": 51722.1380736
        },
        {
          "end": "2024-06-30",
          "label": "Year to Jun 2024",
          "period": "2024-06-30",
          "standard_error": 510.99,
          "start": "2023-07-01",
          "status": "revised",
          "value": 52323.1098792
        },
        {
          "end": "2025-06-30",
          "label": "Year to Jun 2025",
          "period": "2025-06-30",
          "standard_error": 535.13,
          "start": "2024-07-01",
          "value": 53513
        }
      ],
      "period_convention": "Years ended June (Household Economic Survey)",
      "source_label": "Table 3 | equivalised household disposable income | median",
      "title": "Median equivalised household disposable income (inflation-adjusted, Year to Jun 2025 prices)",
      "unit": "nzd"
    },
    {
      "frequency": "annual",
      "id": "hes.equivalised-disposable-ahc.median.real",
      "notes": [
        "In Year to Jun 2025 prices: nominal × CPI(Year to Jun 2025) ÷ CPI(period), using Stats NZ CPI all groups (average of the quarters in each period)."
      ],
      "observations": [
        {
          "end": "2007-06-30",
          "label": "Year to Jun 2007",
          "period": "2007-06-30",
          "standard_error": 720.138,
          "start": "2006-07-01",
          "value": 29729.3085779
        },
        {
          "end": "2008-06-30",
          "label": "Year to Jun 2008",
          "period": "2008-06-30",
          "standard_error": 625.27,
          "start": "2007-07-01",
          "value": 30692.4377826
        },
        {
          "end": "2009-06-30",
          "label": "Year to Jun 2009",
          "period": "2009-06-30",
          "standard_error": 569.816,
          "start": "2008-07-01",
          "value": 32280.2673059
        },
        {
          "end": "2010-06-30",
          "label": "Year to Jun 2010",
          "period": "2010-06-30",
          "standard_error": 577.174,
          "start": "2009-07-01",
          "value": 32107.8963339
        },
        {
          "end": "2011-06-30",
          "label": "Year to Jun 2011",
          "period": "2011-06-30",
          "standard_error": 660.18,
          "start": "2010-07-01",
          "value": 30660.7842742
        },
        {
          "end": "2012-06-30",
          "label": "Year to Jun 2012",
          "period": "2012-06-30",
          "standard_error": 571.325,
          "start": "2011-07-01",
          "value": 31149.6018521
        },
        {
          "end": "2013-06-30",
          "label": "Year to Jun 2013",
          "period": "2013-06-30",
          "standard_error": 647.348,
          "start": "2012-07-01",
          "value": 33662.0535301
        },
        {
          "end": "2014-06-30",
          "label": "Year to Jun 2014",
          "period": "2014-06-30",
          "standard_error": 927.775,
          "start": "2013-07-01",
          "value": 33388.7789584
        },
        {
          "end": "2015-06-30",
          "label": "Year to Jun 2015",
          "period": "2015-06-30",
          "standard_error": 606.576,
          "start": "2014-07-01",
          "value": 33450.0519574
        },
        {
          "end": "2016-06-30",
          "label": "Year to Jun 2016",
          "period": "2016-06-30",
          "standard_error": 672.425,
          "start": "2015-07-01",
          "value": 35479.5993726
        },
        {
          "end": "2017-06-30",
          "label": "Year to Jun 2017",
          "period": "2017-06-30",
          "standard_error": 845.6,
          "start": "2016-07-01",
          "value": 34370.7779723
        },
        {
          "end": "2018-06-30",
          "label": "Year to Jun 2018",
          "period": "2018-06-30",
          "standard_error": 707.525,
          "start": "2017-07-01",
          "value": 36258.7606465
        },
        {
          "end": "2019-06-30",
          "label": "Year to Jun 2019",
          "period": "2019-06-30",
          "standard_error": 383.383,
          "start": "2018-07-01",
          "value": 37138.4105186
        },
        {
          "end": "2020-06-30",
          "label": "Year to Jun 2020",
          "period": "2020-06-30",
          "standard_error": 429.254,
          "start": "2019-07-01",
          "value": 37919.3428981
        },
        {
          "end": "2021-06-30",
          "label": "Year to Jun 2021",
          "period": "2021-06-30",
          "standard_error": 466.536,
          "start": "2020-07-01",
          "value": 40429.6805067
        },
        {
          "end": "2022-06-30",
          "label": "Year to Jun 2022",
          "period": "2022-06-30",
          "standard_error": 708.22,
          "start": "2021-07-01",
          "value": 40420.5897153
        },
        {
          "end": "2023-06-30",
          "label": "Year to Jun 2023",
          "period": "2023-06-30",
          "standard_error": 545.91,
          "start": "2022-07-01",
          "value": 38906.5250103
        },
        {
          "end": "2024-06-30",
          "label": "Year to Jun 2024",
          "period": "2024-06-30",
          "standard_error": 412.995,
          "start": "2023-07-01",
          "status": "revised",
          "value": 38444.4149673
        },
        {
          "end": "2025-06-30",
          "label": "Year to Jun 2025",
          "period": "2025-06-30",
          "standard_error": 514.189,
          "start": "2024-07-01",
          "value": 39553
        }
      ],
      "period_convention": "Years ended June (Household Economic Survey)",
      "source_label": "Table 3 | equivalised household disposable income after housing costs | median",
      "title": "Median equivalised household disposable income after housing costs (inflation-adjusted, Year to Jun 2025 prices)",
      "unit": "nzd"
    }
  ],
  "source": {
    "id": "derived",
    "landing_url": "https://nzinnumbers.co.nz/methodology",
    "licence": {
      "attribution": "Calculated by NZ in Numbers from the source datasets listed; please also credit those sources.",
      "checked_on": "2026-10-10",
      "evidence": "Our own calculations, released under CC BY 4.0. Input data keep their own licences (see inputs).",
      "name": "Creative Commons Attribution 4.0 International (CC BY 4.0)",
      "reuse": "open-licence",
      "status": "confirmed",
      "url": "https://creativecommons.org/licenses/by/4.0/"
    },
    "name": "NZ in Numbers calculation",
    "organisation": "NZ in Numbers"
  },
  "title": "Household incomes, adjusted for inflation",
  "topic": "incomes"
}