Bankstown City CouncilEconomic profile

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Households in Bankstown City have a lower amount of disposable income compared to Greater Sydney.

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
Bankstown City2014/152009/10Change
Name$Greater Sydney $$Greater Sydney $2009/10 to 2014/15
Wages & salaries72,067.3894,407.8466,767.7889,312.02+5,300
Property income17,258.1021,908.5914,149.1621,101.31+3,109
Ownership of dwellings18,538.7222,222.3914,599.7219,259.12+3,939
Business income15,996.8322,321.6410,633.7816,377.58+5,363
Cash benefits15,510.9514,799.6714,857.8712,350.05+653
Total income before tax151,025.42188,241.32130,517.00169,079.42+20,508
Tax paid-16,365.59-27,029.60-13,762.62-22,587.93-2,603
Interest paid-8,446.16-10,300.38-9,902.32-12,479.01+1,456
Other payments/statistical discrepancy-4,016.81-2,679.59-2,004.56-356.73-2,012
Total disposable income122,196.86148,331.75104,847.50133,755.75+17,349
Ratio of cash benefits to tax paid0.950.551.080.55--

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

Data is based on 2013-14 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 Greater Sydney, Cash benefits: 7.9% Greater Sydney, Superannuation: 6.7% Greater Sydney, Business income: 11.9% Greater Sydney, Ownership of dwellings: 11.8% Greater Sydney, Property income: 11.6% Greater Sydney, Wages & salaries: 50.2% Bankstown City, Cash benefits: 10.3% Bankstown City, Superannuation: 7.7% Bankstown City, Business income: 10.6% Bankstown City, Ownership of dwellings: 12.3% Bankstown City, Property income: 11.4% Bankstown City, Wages & salaries: 47.7%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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