Shire of NillumbikEconomic profile
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Nillumbik Shire

Sources of income

Households in Nillumbik Shire have a higher amount of disposable income compared to Victoria.

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
Nillumbik Shire2015/162010/11Change
Name$Victoria $$Victoria $2010/11 to 2015/16
Wages & salaries102,629.0272,620.65105,612.0575,064.03-2,983
Property income21,292.4416,574.4423,975.6518,310.00-2,683
Business income18,044.0517,222.5015,913.4414,381.36+2,131
Superannuation11,673.529,844.5811,599.679,592.32+74
Cash benefits16,072.8115,448.4213,576.9815,702.47+2,496
Total income before tax169,711.85131,710.59170,677.79133,050.18-966
Tax paid-27,476.95-19,731.81-27,766.46-18,737.79+290
Interest paid-8,821.89-8,276.99-14,856.41-11,772.62+6,035
Other payments/statistical discrepancy21,890.1912,614.4021,034.3112,762.63+856
Total disposable income155,303.20116,416.19149,089.23115,402.39+6,214
Ratio of cash benefits to tax paid0.580.780.490.84--

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 Victoria, Cash benefits: 11.7% Victoria, Superannuation: 7.5% Victoria, Business income: 13.1% Victoria, Property income: 12.6% Victoria, Wages & salaries: 55.1% Nillumbik Shire, Cash benefits: 9.5% Nillumbik Shire, Superannuation: 6.9% Nillumbik Shire, Business income: 10.6% Nillumbik Shire, Property income: 12.5% Nillumbik Shire, Wages & salaries: 60.5%
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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