Workforce - Individual income - All industries
In Bankstown City, 17.8% of the workforce earned $1,500 or more per week.
Individual Income is an indicator of socio-economic status, skills and occupations required in a particular industry. With other data sources, such as Qualifications and Occupation, it helps to evaluate the economic opportunities of people in an industry.
The amount of income an individual receives is linked to a number of factors including the person's employment status, age, qualifications and type of employment undertaken by the person.
Wages in Bankstown City can vary greatly across industry sectors. As well as being related to the type of jobs and qualifications required in a particular industry, income levels can be related to the level of part-time employment, Occupations, Qualifications and the Age Structure of the workforce, so the data should be looked at in conjunction with these topics.
Australian Bureau of Statistics (ABS) – Census 2006 and 2011 – by place of work
|Workforce individual income|
|Bankstown City - All industries||2011|
|Gross weekly individual income||Number||%||New South Wales %|
|Negative Income/ Nil income||552||1.0||1.0||3001|
|$2,000 or more||4,028||7.3||11.2||3011|
Source: Australian Bureau of Statistics, Census of Population and Housing (opens a new window) 2006 and 2011. Compiled and presented by .id (opens a new window), the population experts.
Compiled and presented in economy.id by .id, the population experts.
Analysis of the workforce individual income levels in Bankstown City in 2011 compared to New South Wales shows that there was a lower proportion earning a high income (those earning $1,500 per week or more) as well as a lower proportion of low income persons (those earning less than $400 per week).
Overall, 17.8% of the workforce earned a high income, and 14.3% earned a low income, compared with 22.3% and 15.6% respectively for New South Wales.
The major differences between the weekly income of the workforce in Bankstown City and New South Wales were:
- A larger percentage of people who earned $600-$799 (17.5% compared to 15.0%)
- A larger percentage of people who earned $800-$999 (14.8% compared to 12.6%)
- A smaller percentage of people who earned $2,000 or more (7.3% compared to 11.2%)
- A smaller percentage of people who earned $1-$199 (3.9% compared to 4.9%)