City of AlbanyEconomic profile
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City of Albany

Sources of income

Households in the City of Albany have a lower amount of disposable income compared to Regional WA.

Household disposable income is a measure of the amount of income available to an average household in the area. It varies depending on the jobs held by the residents, amount of property and business income, and cash benefits provided by government, which are related to the socio-economic status of the area. Areas with high unemployment, large numbers of retirees and others out of the workforce may have a high cash benefits component.

This information gives an insight into both the sources of income and how much your residents have available to spend in the area. This dataset should be viewed in conjunction with Worker productivity, Local workers income data, and Gross Regional Product data on the size of the residential economy.

National Economics (NIEIR) - Modelled series

Sources of income per household
City of Albany2015/162010/11Change
Name$Regional WA $$Regional WA $2010/11 to 2015/16
Wages & salaries60,535.4698,523.5361,443.7598,730.74-908
Property income14,919.9318,168.5616,509.9918,318.99-1,590
Business income10,942.8325,517.7415,519.6926,298.65-4,577
Superannuation8,192.6910,739.348,113.399,896.05+79
Cash benefits19,773.3315,989.4918,784.6914,153.76+989
Total income before tax114,364.23168,938.65120,371.51167,398.19-6,007
Tax paid-14,700.36-30,725.39-13,231.71-25,957.76-1,469
Interest paid-8,654.12-9,781.77-12,075.49-14,753.48+3,421
Other payments/statistical discrepancy12,867.9119,500.1612,915.4219,398.94-48
Total disposable income103,877.67148,031.65107,979.75146,185.89-4,102
Ratio of cash benefits to tax paid1.350.521.420.55--

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data is based on 2015-16 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.

Sources of income per household
Sources of income per household Regional WA, Cash benefits: 9.5% Regional WA, Superannuation: 6.4% Regional WA, Business income: 15.1% Regional WA, Property income: 10.8% Regional WA, Wages & salaries: 58.3% City of Albany, Cash benefits: 17.3% City of Albany, Superannuation: 7.2% City of Albany, Business income: 9.6% City of Albany, Property income: 13.0% City of Albany, Wages & salaries: 52.9%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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