Median household income in Australia and New Zealand

From Wikipedia, the free encyclopedia
  (Redirected from Income in Australia)
Jump to: navigation, search
Median total household weekly income in Australia divided geographically by statistical local area, as of the 2011 census
Australian total gross income per capita

Median household income is commonly used to measure the relative prosperity of populations in different geographical locations. It divides households into two equal segments with the first half of households earning less than the median household income and the other half earning more.

Since 2000 household incomes in Australia have been growing rapidly.

New Zealand and Australia are gradually being economically integrated through a process known as “Closer Economic Relations (CER)”. Their citizens are free to travel, live and work in either country. Information about their relative median household incomes is of interest, especially for those considering migration.

The latest release shows that the median gross household income in 2013-14 was $80,704, and the average of all households was $107,276.[1]

Median household income in NZ 2004-8[edit]

Median weekly household income in NZ increased at a rate of about 3.5% a year from 2004 to 2008. In June 2004 it was (NZ)$992,[2] June 2005 was $1,040,[3] June 2006 was $1,129,[4] June 2007 was $1,203,[5] June 2008 was $1,271.[6]

Median household income in NZ 2009-2011[edit]

Median weekly household income in NZ fell slightly or stagnated from 2009-2010 during the 'great recession' period. In June 2009 it was $1,234[7] and June 2010 it was $1,236.[8] In 2011 household incomes recovered to beyond the high of 2008 again - median weekly household incomes increased again to $1,289.[9]

Median household income in 2007-8[edit]

Income data for each state (or territory) has been converted to U.S. dollars using purchasing power parity for private consumption.[10] This is done because it provides a more accurate and stable assessment of the true value of citizens' incomes in diverse countries.

Location Population Median household income (local currency) Median household income (PPP US$)
Australian Capital Territory 324,034 $91,624 $60,278
Northern Territory 192,898 $86,788 $57,097
Western Australia 1,959,084 $72,800 $47,894
Queensland 3,904,532 $68,276 $44,918
Victoria 4,932,422 $66,872 $43,994
Australia 19,855,328 $66,820[citation needed] $43,960
New South Wales 6,549,177 $66,820 $43,960
New Zealand 4,100,000 $67,028 [11] (Average, not median) $44,985
South Australia 1,514,377 $55,848 $36,742
Tasmania 476,481 $50,705

Main source: Australian Bureau of Statistics, Household Income and Income Distribution, Australia 2007–08 .[12] Note : The NZ figure is Average Household Income and not Median Household Income. No source for Median Income found. The figure for NZ Median Household Income is likely to be slightly less. Note: GDP per capita cannot be used to predict median household income (See median household income).

Median household income in 2011-2012[edit]

There were no significant changes in income between 2009–10 and 2011-12.[13]

Location Population Median household income (local currency)[14][15] Median household income (PPP US$)
Australian Capital Territory
Northern Territory
Western Australia
Queensland
Victoria
Australia A$47,736
New South Wales
New Zealand
South Australia
Tasmania

Median gross household income in 2013-14[edit]

The latest release shows that the median gross household income in 2013-14 was $80,704, and the average of all households was $107,276.[1]

See also[edit]

References[edit]

  1. ^ a b "Australia's rich are getting richer. Everyone else is stagnating". The Guardian. 2015-09-10. ISSN 0261-3077. Retrieved 2016-03-09. 
  2. ^ [1]
  3. ^ http://www.stats.govt.nz/~/media/Statistics/Browse%20for%20stats/NZIncomeSurvey/HOTPJun05qtr/NZIncomeSurveyJun05qtrHOTP.pdf
  4. ^ http://www.stats.govt.nz/~/media/Statistics/Browse%20for%20stats/NZIncomeSurvey/HOTPJun06qtr/NZIncomeSurveyJun06qtrHOTP.pdf
  5. ^ http://www.stats.govt.nz/~/media/Statistics/Browse%20for%20stats/NZIncomeSurvey/HOTPJun07qtr/nzincomesurveyjun07qtrhotp.pdf
  6. ^ http://www.stats.govt.nz/~/media/Statistics/Browse%20for%20stats/NZIncomeSurvey/HOTPJun08qtr/nzincomesurveyjun08qtrhotprevised.pdf
  7. ^ http://www.stats.govt.nz/browse_for_stats/income-and-work/Income/NZIncomeSurvey_HOTPJun10qtr.aspx
  8. ^ http://www.stats.govt.nz/~/media/Statistics/Browse%20for%20stats/NZIncomeSurvey/HOTPJun09qtr/NZIncomeSurveyJun09qtrHOTP.pdf
  9. ^ http://www.stats.govt.nz/~/media/Statistics/Browse%20for%20stats/NZIncomeSurvey/HOTPJun11qtr/NZIncomeSurveyJun11qtrHOTP.pdf
  10. ^ PPPs and exchange rates
  11. ^ "June 2011 Income Survey". Statistis New Zealand. 1 June 2011. Retrieved 10 December 2011. 
  12. ^ "Household Income and Income Distribution, Australia, 2007–08". 20 August 2009. Retrieved 8 September 2009. 
  13. ^ "Household Income and Income Distribution, Australia, 2011-12 - Summary of Findings". Australian Bureau of Statistics. Retrieved 9 April 2015. 
  14. ^ "Household Income and Income Distribution, Australia, 2011-12" (PDF). Australian Bureau of Statistics. Retrieved 9 April 2015. 
  15. ^ "New Zealand Income Survey: June 2012 quarter". Statistics New Zealand. Retrieved 9 April 2015.