Cradle Coast RegionEconomic profile
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West Coast Council area

Sources of income

Households in West Coast Council area have a lower amount of disposable income compared to Greater Hobart.

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
West Coast Council area2018/192013/14Change
Name$Greater Hobart $$Greater Hobart $2013/14 to 2018/19
Wages & salaries51,736.5165,251.9159,021.1260,389.44-7,285
Property income8,341.9416,131.5010,823.4715,431.12-2,482
Business income2,583.3114,615.401,189.113,925.74+1,394
Superannuation5,370.779,181.247,259.608,374.75-1,889
Cash benefits15,242.2917,567.8915,810.3719,556.55-568
Total income before tax83,274.82122,747.9394,103.67107,677.59-10,829
Tax paid-11,611.25-16,702.96-14,600.04-13,098.44+2,989
Interest paid-3,007.80-5,450.91-3,784.57-6,194.11+777
Other payments/statistical discrepancy7,411.2212,645.148,895.8111,461.04-1,485
Total disposable income76,066.98113,339.2084,614.8699,946.08-8,548
Ratio of cash benefits to tax paid1.311.051.081.49--

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in economy.id 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 West Coast Council area, Cash benefits: 18.3% West Coast Council area, Superannuation: 6.4% West Coast Council area, Business income: 3.1% West Coast Council area, Property income: 10.0% West Coast Council area, Wages & salaries: 62.1% Greater Hobart, Cash benefits: 14.3% Greater Hobart, Superannuation: 7.5% Greater Hobart, Business income: 11.9% Greater Hobart, Property income: 13.1% Greater Hobart, Wages & salaries: 53.2%
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

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