City of BoroondaraEconomic profile
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City of Boroondara

Sources of income

Households in the City of Boroondara have a higher amount of disposable income compared to Greater Melbourne.

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 Boroondara2017/182015/16Change
Name$Greater Melbourne $$Greater Melbourne $2015/16 to 2017/18
Wages & salaries111,037.0083,417.41108,891.0081,615.49+2,146
Property income34,177.2817,556.0734,419.6218,117.69-242
Business income52,589.7216,562.5553,212.1016,606.77-622
Cash benefits10,936.3512,466.6112,236.9714,050.00-1,301
Total income before tax223,457.14140,237.50223,361.67140,816.83+95
Tax paid-49,349.98-25,083.24-46,168.28-23,414.96-3,182
Interest paid-12,324.04-8,597.61-13,988.69-9,471.87+1,665
Other payments/statistical discrepancy25,961.5714,520.1526,201.9514,296.74-240
Total disposable income187,744.69121,176.80189,406.65122,326.75-1,662
Ratio of cash benefits to tax paid0.220.500.270.60--

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in 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 Greater Melbourne, Cash benefits: 8.9% Greater Melbourne, Superannuation: 7.3% Greater Melbourne, Business income: 11.8% Greater Melbourne, Property income: 12.5% Greater Melbourne, Wages & salaries: 59.5% City of Boroondara, Cash benefits: 4.9% City of Boroondara, Superannuation: 6.6% City of Boroondara, Business income: 23.5% City of Boroondara, Property income: 15.3% City of Boroondara, Wages & salaries: 49.7%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in by .id the population experts

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