City of MonashEconomic profile

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Households in the City of Monash have a higher amount of disposable income compared to Greater Melbourne.

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 Monash2015/162010/11Change
Name$Greater Melbourne $$Greater Melbourne $2010/11 to 2015/16
Wages & salaries79,359.9778,617.6077,913.6081,613.07+1,446
Property income19,645.1617,467.7120,203.7719,526.43-559
Business income15,546.9016,987.8711,146.6013,930.62+4,400
Cash benefits21,550.7614,277.8517,579.1114,171.73+3,972
Total income before tax147,073.56137,616.66136,843.66139,263.31+10,230
Tax paid-19,620.69-21,408.69-17,539.79-20,552.96-2,081
Interest paid-11,935.92-9,222.76-13,621.01-13,028.23+1,685
Other payments/statistical discrepancy14,833.8413,512.2215,488.2713,781.49-654
Total disposable income130,350.79120,597.43121,171.13119,563.61+9,180
Ratio of cash benefits to tax paid1.100.671.000.69--

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in 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 Greater Melbourne, Cash benefits: 10.4% Greater Melbourne, Superannuation: 7.5% Greater Melbourne, Business income: 12.3% Greater Melbourne, Property income: 12.7% Greater Melbourne, Wages & salaries: 57.1% City of Monash, Cash benefits: 14.7% City of Monash, Superannuation: 7.5% City of Monash, Business income: 10.6% City of Monash, Property income: 13.4% City of Monash, Wages & salaries: 54.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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