The exchange rate is still pretty good. The NZ$ has gained ground in recent years. The minimum wage here is 15.25 per hour (as of 01/04/2016) but you can expect more for any job. You will usually get from 15 to16 for entry-level positions. New Zealanders are not as kind as Americans and Canadians on tips but good service is always rewarded 5-10. Remember, there are a lot of tourists here.
While travelling, it's realistic to count on 75 to 100 day. You won't bungy jump, skydive or scuba dive every day. A good hostel costs from 25 to 35 a night, while a motel or hotel will start at 130.
Food is relatively cheap in supermarkets like Pak&Save and Countdown. Avoid conveniences stores, as they are hugely expensive. Buy your fruit and vegetables in a specialised store, which is usually way cheaper.
If you're treating yourself, good restaurants offer 2 or 3 course meals for 30. Beer and wine will cost you 7.5.
Use our currency converter to get an accurate idea of the value of a New Zealand Dollar (NZ$)
Living and working depends on the location. Auckland is the most expensive city for rent, from 150 to 220 per week for a flat. However, you tend to be closer to cheaper services like supermarkets. Whereas, in smaller towns there is not much choice in services but rent could be more affordable.
To summarise, life and travel in New Zealand is a bargain compared to Europe, North America and Japan. It's not suspiciously cheap, but not incredibly expensive.
You need not worry too much, as there are many ways to save dollars, so check out our page on How to Save Money When Travelling in New Zealand.
Here are some examples of every day prices, just to get an idea...
NZ$5.90 - NZ$15
NZ$5.40
NZ$2
NZ$4
NZ$15
NZ$8
Flag Fall NZ$3
+ NZ$2.60 / km
NZ$18 - NZ$22
NZ$2.20 / kg
NZ$2.40 / kg
NZ$2.50-NZ$4 a loaf
NZ$2
NZ$4 - NZ$7 / dozen
NZ$2 - NZ$3 per liter
NZ$4 - NZ$6 (500g)
NZ$3 (380g)
NZ$10 - NZ$17 / kg
NZ$8 - NZ$15 / kg
NZ$6 - NZ$15 / kg
NZ$17 - NZ$29 / kg
NZ$3000 - NZ$5000
NZ$270 - NZ$600
NZ$1.9 - NZ$2.4 / liters
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NZ$0.50 - NZ$7
To NZ: NZ$0.50.
To World: from NZ$2.40
Internet cafe: NZ$3 / hour.
Home: NZ$55 / 15 Gb
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Prices are shown in NZ$, and given as example, price may vary from locations and time period.