Individual Income is an indicator of socio-economic status, skills and occupations required in a particular industry. With other data sources, such as Qualifications and Occupation, it helps to evaluate the economic opportunities of people in an industry.
The amount of income an individual receives is linked to a number of factors including the person's employment status, age, qualifications and type of employment undertaken by the person.
Wages in the City of Banyule can vary greatly across industry sectors. As well as being related to the type of jobs and qualifications required in a particular industry, income levels can be related to the level of part-time employment, Occupations, Qualification and the Age structure of the local workers, so the data should be looked at in conjunction with these topics.
Australian Bureau of Statistics (ABS) – Census 2021 – by place of work
|Local workers individual income|
|City of Banyule - All industries||2021|
|Gross weekly individual income||Number||%||Victoria%|
|Negative Income/ Nil income||259||0.5||0.7|
|$1 - $149||1,564||3.3||2.7|
|$150 - $299||1,618||3.4||3.0|
|$300 - $399||1,666||3.5||3.1|
|$400 - $499||1,973||4.2||3.9|
|$500 - $649||3,167||6.7||6.4|
|$650 - $799||4,063||8.6||8.2|
|$800 - $999||5,266||11.2||11.4|
|$1,000 - $1,249||6,301||13.4||13.4|
|$1,250 - $1,499||5,068||10.7||10.5|
|$1,500 - $1,749||4,664||9.9||9.4|
|$1,750 - $1,999||3,383||7.2||6.8|
|$2,000 - $2,999||4,890||10.4||11.8|
|$3,000 - $3,499||1,009||2.1||2.8|
|$3,500 or more||1,781||3.8||4.9|
Please refer to specific data notes for more information
Analysis of the individual income levels in the City of Banyule in 2021 compared to Victoria shows that there was a lower proportion earning a high income (those earning $1,750 per week or more) and a higher proportion of low income persons (those earning less than $500 per week).
Overall, 20.7% of the local workers earned a high income, and 15.0% earned a low income, compared with 22.5% and 13.3% respectively for Victoria.
The major differences between the weekly income of the local workers in the City of Banyule and Victoria were:
- A smaller percentage of local workers who earned $2,000 - $2,999 (10.4% compared to 11.8%)
- A smaller percentage of local workers who earned $3,500 or more (3.8% compared to 4.9%)
- A larger percentage of local workers who earned $1 - $149 (3.3% compared to 2.7%)
- A smaller percentage of local workers who earned $3,000 - $3,499 (2.1% compared to 2.8%)