Cradle Coast Region

economic profile

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King Island Council area

Sources of income

Households in the King Island Council area have a higher amount of disposable income compared to Tasmania.

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.

Data source

National Economics (NIEIR) - Modelled series

Current area:
Current benchmark:
Comparison year:
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Sources of income per household
King Island Council area2018/192013/14Change
Economic measure$Tasmania$$ Tasmania$2013/14 to 2018/19
Wages & salaries60,723.7558,691.4847,948.9255,386.60+12,775
Property income16,289.1114,305.4414,812.7114,355.78+1,476
Business income77,528.2617,728.5662,925.799,440.58+14,602
Cash benefits24,836.0518,407.5627,615.2420,093.26-2,779
Total income before tax187,422.47117,586.37160,513.26107,415.48+26,909
Tax paid-28,091.55-15,626.74-19,517.68-12,960.80-8,574
Interest paid-3,918.00-4,644.07-4,240.45-5,577.78+322
Other payments/statistical discrepancy27,907.7812,216.4422,795.9311,419.11+5,112
Total disposable income183,320.70109,631.99159,551.05100,396.01+23,770
Ratio of cash benefits to tax paid0.881.181.411.550

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in by .id informed decisions.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

Please refer to specific data notes for more information

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Cradle Coast Region

economic profile