Local workers - Individual income quartiles - Financial and Insurance Services
In the Cook Shire, the 'medium lowest' quartile is the largest group, comprising 89% of local workers.
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.
Income quartiles are used to condense income categories into manageable units, adjust for the effects of inflation, and allow areas to be compared over time relative to a benchmark. The incomes for a specified industry for the state are split into four equal groups, each containing 25% of the workers in that industry, and the quartiles allow users to compare changes in that industry in the local area to changes statewide, or against another benchmark. For more information on how quartiles are calculated please refer to the data notes.
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 2011 (experimental imputed) & 2016 – by place of work
Please note – The 2016 Census used a new methodology to “impute” a work location to people who didn’t state their workplace address. As a result, 2016 and 2011 place of work data are not normally comparable. To allow comparison between 2011 and 2016, .id has sourced a 2011 dataset from the ABS which was experimentally imputed using the same methodology. However this dataset is NOT available at the Local Government Area level, and had to be matched using a best fit of work destination zones (DZNs) to the current LGA boundaries. Cook Shire is one area for which there is no good match of 2011 DZNs to 2016 LGA boundaries, so there is no reasonable data comparison between 2011 and 2016 for this area. 2011 data has been turned off and is currently unavailable for comparison for the Cook Shire.
|Local workers individual income quartiles|
|Cook Shire - Financial and Insurance Services||2016|
|Quartile group||Number||%||Queensland %|
|Total persons with stated income||4||100.0||100.0|
Source: Derived from the Australian Bureau of Statistics, Census of Population and Housing (opens a new window) 2011 and 2016. Compiled and presented in profile.id by .id (opens a new window), the population experts.
|Quartile group dollar ranges (Individuals)|
|Calculated from income data for Queensland - All industries||Weekly income by Census year|
|Individual quartile ranges||2016|
|Lowest group||$0 to $619|
|Medium lowest||$620 to $977|
|Medium highest||$978 to $1,508|
|Highest group||$1,509 and over|
Income quartiles allow us to compare relative income-earning capabilities across time. Analysis of the distribution of the Financial and Insurance Services by income quartile compared to Queensland shows that there was lesser proportion of people in the highest income quartile, as well as a lesser proportion in the lowest income quartile.