City of VincentEconomic profile
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City of Vincent

Sources of income

Households in the City of Vincent have a higher amount of disposable income compared to Western Australia.

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 Vincent2015/162010/11Change
Name$Western Australia $$Western Australia $2010/11 to 2015/16
Wages & salaries120,438.01100,508.08108,728.1398,341.33+11,710
Property income20,811.9919,819.0823,190.9721,071.12-2,379
Business income14,469.1614,113.0923,547.2720,165.16-9,078
Superannuation12,460.8011,772.1610,970.5711,038.98+1,490
Cash benefits5,795.3612,852.706,610.7713,437.43-815
Total income before tax173,975.33159,065.12173,047.71164,054.02+928
Tax paid-37,456.04-29,297.87-31,184.59-25,480.73-6,271
Interest paid-11,471.88-10,173.73-16,616.08-14,973.08+5,144
Other payments/statistical discrepancy16,401.9020,113.3819,708.6119,318.31-3,307
Total disposable income141,449.30139,806.89144,955.64143,018.53-3,506
Ratio of cash benefits to tax paid0.150.440.210.53--

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 Western Australia, Cash benefits: 8.1% Western Australia, Superannuation: 7.4% Western Australia, Business income: 8.9% Western Australia, Property income: 12.5% Western Australia, Wages & salaries: 63.2% City of Vincent, Cash benefits: 3.3% City of Vincent, Superannuation: 7.2% City of Vincent, Business income: 8.3% City of Vincent, Property income: 12.0% City of Vincent, Wages & salaries: 69.2%
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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