Penrith City CouncilEconomic profile
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Penrith City

Sources of income

Households in Penrith City have a lower amount of disposable income compared to New South Wales.

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
Penrith City2015/162010/11Change
Name$New South Wales $$New South Wales $2010/11 to 2015/16
Wages & salaries89,607.4985,651.6293,607.8583,369.06-4,000
Property income14,609.8419,920.9615,854.1821,023.86-1,244
Business income11,235.8721,247.898,832.6615,857.92+2,403
Superannuation9,865.4711,832.3810,154.1311,013.99-289
Cash benefits14,669.3216,932.0115,373.0615,844.29-704
Total income before tax139,987.99155,584.86143,821.88147,109.12-3,834
Tax paid-20,400.52-24,413.74-19,077.09-20,560.10-1,323
Interest paid-9,648.47-9,135.35-14,063.64-12,904.10+4,415
Other payments/statistical discrepancy17,983.7516,793.5417,090.1115,917.23+894
Total disposable income127,922.75138,929.31127,771.26129,662.15+151
Ratio of cash benefits to tax paid0.720.690.810.77--

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 New South Wales, Cash benefits: 10.9% New South Wales, Superannuation: 7.6% New South Wales, Business income: 13.7% New South Wales, Property income: 12.8% New South Wales, Wages & salaries: 55.1% Penrith City, Cash benefits: 10.5% Penrith City, Superannuation: 7.0% Penrith City, Business income: 8.0% Penrith City, Property income: 10.4% Penrith City, Wages & salaries: 64.0%
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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