Local workers - Individual income - Financial and Insurance Services
In Cairns, 21.1% of the Financial and Insurance Services earned $1,750 or more per week.
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 Cairns 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, Qualifications 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 2016 – by place of work
|Local workers individual income|
|Cairns - Financial and Insurance Services||2016|
|Gross weekly individual income||Number||%||Professional, Scientific and Technical Services %|
|Negative Income/ Nil income||6||0.6||0.9||3101|
|$1 - $149||3||0.3||1.5||3102|
|$150 - $299||17||1.6||2.5||3103|
|$300 - $399||22||2.1||3.3||3104|
|$400 - $499||39||3.6||4.0||3105|
|$500 - $649||75||7.0||5.8||3106|
|$650 - $799||106||9.9||9.8||3107|
|$800 - $999||150||14.0||13.6||3108|
|$1,000 - $1,249||183||17.1||15.0||3109|
|$1,250 - $1,499||103||9.6||11.1||3110|
|$1,500 - $1,749||129||12.0||9.1||3111|
|$1,750 - $1,999||66||6.2||6.1||3112|
|$2,000 - $2,999||103||9.6||9.7||3113|
|$3,000 or more||57||5.3||6.6||3114|
Source: Australian Bureau of Statistics, Census of Population and Housing (opens a new window) 2016. Compiled and presented by .id (opens a new window), the population experts.
Analysis of the Financial and Insurance Services individual income levels in Cairns in 2016 compared to the Professional, Scientific and Technical Services workforce within Cairns shows that there was a lower proportion earning a high income (those earning $1,750 per week or more) as well as a lower proportion of low income persons (those earning less than $500 per week).
Overall, 21.1% of the Financial and Insurance Services earned a high income, and 8.1% earned a low income, compared with 22.5% and 12.2% respectively for the Professional, Scientific and Technical Services workforce within Cairns.
The major differences between the weekly income of the Financial and Insurance Services in Cairns and the Professional, Scientific and Technical Services workforce were:
- A larger percentage of local workers who earned $1,500 - $1,749 (12.0% compared to 9.1%)
- A larger percentage of local workers who earned $1,000 - $1,249 (17.1% compared to 15.0%)
- A smaller percentage of local workers who earned $1,250 - $1,499 (9.6% compared to 11.1%)
- A smaller percentage of local workers who earned $3,000 or more (5.3% compared to 6.6%)