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|
|Name||$||Victoria $||$||Victoria $||2010/11 to 2015/16|
|Wages & salaries||102,629.02||60.5||72,620.65||105,612.05||61.8780||75,064.03||-2,983||1|
|Total income before tax||169,711.85||100.0||131,710.59||170,677.79||100.0000||133,050.18||-966||7|
|Other payments/statistical discrepancy||21,890.19||12.9||12,614.40||21,034.31||12.3240||12,762.63||+856||10|
|Total disposable income||155,303.20||91.5||116,416.19||149,089.23||87.3513||115,402.39||+6,214||11|
|Ratio of cash benefits to tax paid||0.58||0.6||0.78||0.49||0.4890||0.84||--||12|
Source: National Institute of Economic and Industry Research (NIEIR) (opens a new window) ©2016. Compiled and presented in economy.id by .id (opens a new window), 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.
Compiled and presented in economy.id by .id the population experts