Whangarei District economic profile

Rental affordability

This section investigates the affordability of renting by comparing average weekly rents with average weekly earnings (which are calculated from average annual earnings). We present a rental affordability index which is the ratio of the average weekly rent to average weekly earnings. A higher ratio, therefore, suggests that average rents cost a greater multiple of typical incomes, which indicates lower rental affordability.

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Rental affordability index

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