Cradle Coast RegionEconomic profile
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King Island Council area

Sources of income

Households in King Island Council area have a higher amount of disposable income compared to Greater Hobart.

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
King Island Council area2015/162010/11Change
Name$Greater Hobart $$Greater Hobart $2010/11 to 2015/16
Wages & salaries44,426.3158,034.6652,011.4361,911.39-7,585
Property income12,259.0814,775.4014,309.3015,539.22-2,050
Business income62,025.607,398.3059,285.877,665.71+2,740
Superannuation6,260.068,469.325,613.447,768.01+647
Cash benefits40,346.3921,814.9218,826.5418,180.13+21,520
Total income before tax165,317.44110,492.60150,046.58111,064.46+15,271
Tax paid-19,055.20-13,804.90-18,217.78-12,778.24-837
Interest paid-4,468.58-5,423.19-5,596.40-7,623.55+1,128
Other payments/statistical discrepancy26,221.158,392.5624,666.648,670.52+1,555
Total disposable income168,014.8199,757.07150,899.0399,433.19+17,116
Ratio of cash benefits to tax paid2.121.581.031.42--

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 2014-15 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 King Island Council area, Cash benefits: 24.4% King Island Council area, Superannuation: 3.8% King Island Council area, Business income: 37.5% King Island Council area, Property income: 7.4% King Island Council area, Wages & salaries: 26.9% Greater Hobart, Cash benefits: 19.7% Greater Hobart, Superannuation: 7.7% Greater Hobart, Business income: 6.7% Greater Hobart, Property income: 13.4% Greater Hobart, Wages & salaries: 52.5%
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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