City of Greater BendigoEconomic profile
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City of Greater Bendigo

Sources of income

Households in the City of Greater Bendigo have a lower 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
City of Greater Bendigo2015/162010/11Change
Name$Victoria $$Victoria $2010/11 to 2015/16
Wages & salaries53,887.1072,620.6558,296.3275,064.03-4,409
Property income12,677.6616,574.4414,092.2818,310.00-1,415
Business income10,733.6517,222.509,383.9114,381.36+1,350
Cash benefits17,330.0015,448.4220,275.3115,702.47-2,945
Total income before tax102,562.66131,710.59110,195.64133,050.18-7,633
Tax paid-13,047.24-19,731.81-12,630.19-18,737.79-417
Interest paid-5,916.10-8,276.99-8,391.99-11,772.62+2,476
Other payments/statistical discrepancy8,164.7112,614.408,876.1912,762.63-711
Total disposable income91,764.03116,416.1998,049.64115,402.39-6,286
Ratio of cash benefits to tax paid1.330.781.610.84--

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in 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 Victoria, Cash benefits: 11.7% Victoria, Superannuation: 7.5% Victoria, Business income: 13.1% Victoria, Property income: 12.6% Victoria, Wages & salaries: 55.1% City of Greater Bendigo, Cash benefits: 16.9% City of Greater Bendigo, Superannuation: 7.7% City of Greater Bendigo, Business income: 10.5% City of Greater Bendigo, Property income: 12.4% City of Greater Bendigo, Wages & salaries: 52.5%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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