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Murchison - Burnie Economic Region

Sources of income

Households in Murchison - Burnie Economic Region 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
Murchison - Burnie Economic Region2018/192013/14Change
Name$Greater Hobart $$Greater Hobart $2013/14 to 2018/19
Wages & salaries54,904.3065,251.9154,574.2460,389.44+330
Property income11,704.2616,131.5013,092.2915,431.12-1,388
Business income26,933.6714,615.4021,407.583,925.74+5,526
Cash benefits16,524.5317,567.8918,140.9619,556.55-1,616
Total income before tax117,332.84122,747.93115,079.70107,677.59+2,253
Tax paid-16,654.69-16,702.96-15,500.91-13,098.44-1,154
Interest paid-3,862.88-5,450.91-4,960.42-6,194.11+1,098
Other payments/statistical discrepancy13,708.4012,645.1413,421.1911,461.04+287
Total disposable income110,523.68113,339.20108,039.5799,946.08+2,484
Ratio of cash benefits to tax paid0.991.051.171.49--

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 - Burnie Economic Region, Cash benefits: 14.1% Murchison - Burnie Economic Region, Superannuation: 6.2% Murchison - Burnie Economic Region, Business income: 23.0% Murchison - Burnie Economic Region, Property income: 10.0% Murchison - Burnie Economic Region, Wages & salaries: 46.8% 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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