As a tech worker in NZ, to be fair a home-owning one for a few years, I don't consider it a ridiculously expensive place to live. I'm originally from the US, moved to NZ in 2011. There are some things that cost more here, others less, on the balance I'm certainly not planning on moving back.
In line with the article: "A Big Mac costs 20.9% less in New Zealand (US$4.60) than in the United States (US$5.81) at market exchange rates. Based on differences in GDP per person, a Big Mac should cost 15.5% less. This suggests the dollar is 6.3% undervalued"
In line with the article: "A Big Mac costs 20.9% less in New Zealand (US$4.60) than in the United States (US$5.81) at market exchange rates. Based on differences in GDP per person, a Big Mac should cost 15.5% less. This suggests the dollar is 6.3% undervalued"
[] https://www.economist.com/big-mac-index