Cradle Coast RegionEconomic profile
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Murchison Area

Sources of income

Households in Murchison Area have a higher 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
Murchison Area2018/192013/14Change
Name$Greater Hobart $$Greater Hobart $2013/14 to 2018/19
Wages & salaries54,759.6065,251.9154,810.3260,389.44-51
Property income12,022.2816,131.5013,508.6315,431.12-1,486
Business income38,842.4314,615.4032,372.293,925.74+6,470
Cash benefits17,148.8517,567.8919,007.1619,556.55-1,858
Total income before tax130,314.68122,747.93127,918.84107,677.59+2,396
Tax paid-19,215.22-16,702.96-17,585.16-13,098.44-1,630
Interest paid-3,867.38-5,450.91-4,909.79-6,194.11+1,042
Other payments/statistical discrepancy16,280.7712,645.1415,673.4511,461.04+607
Total disposable income123,512.85113,339.20121,097.3399,946.08+2,416
Ratio of cash benefits to tax paid0.891.051.081.49--

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. 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 Murchison Area, Cash benefits: 13.2% Murchison Area, Superannuation: 5.8% Murchison Area, Business income: 29.8% Murchison Area, Property income: 9.2% Murchison Area, Wages & salaries: 42.0% 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 by .id the population experts

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