Armidale Regional CouncilEconomic profile
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Armidale Regional Council

Sources of income

Households in the Armidale Regional Council have a lower amount of disposable income compared to 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
Armidale Regional Council2018/192013/14Change
Name$Australia $$Australia $2013/14 to 2018/19
Wages & salaries62,501.3785,723.6359,335.0984,749.75+3,166
Property income14,929.3519,381.6914,966.4120,155.77-37
Business income16,972.1516,718.3014,674.4415,558.29+2,298
Superannuation8,730.8011,452.918,295.6411,428.29+435
Cash benefits18,367.5914,886.7219,515.7416,954.15-1,148
Total income before tax121,501.27148,163.25116,787.33148,846.24+4,714
Tax paid-17,214.77-24,819.86-14,073.36-21,589.66-3,141
Interest paid-5,287.31-7,884.13-7,279.32-9,729.82+1,992
Other payments/statistical discrepancy12,186.8215,024.2711,469.1515,137.77+718
Total disposable income111,186.00130,583.53106,903.80132,764.55+4,282
Ratio of cash benefits to tax paid1.070.601.390.79--

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2016-17 price base for all years. NIEIR-ID data are inflation adjusted each year to allow direct comparison, and annual data releases adjust previous years’ figures to a new base year.Learn more

Sources of income per household
Sources of income per household Australia, Cash benefits: 10.0% Australia, Superannuation: 7.7% Australia, Business income: 11.3% Australia, Property income: 13.1% Australia, Wages & salaries: 57.9% Armidale Regional Council, Cash benefits: 15.1% Armidale Regional Council, Superannuation: 7.2% Armidale Regional Council, Business income: 14.0% Armidale Regional Council, Property income: 12.3% Armidale Regional Council, Wages & salaries: 51.4%
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

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