Cradle Coast RegionEconomic profile
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Cradle Coast Region

Sources of income

Households in the Cradle Coast Region 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.

National Economics (NIEIR) - Modelled series

Sources of income per household
Cradle Coast Region2016/172002/03Change
Name$Tasmania $$Tasmania $2002/03 to 2016/17
Wages & salaries51,155.6253,880.5442,371.0944,264.61+8,785
Property income12,290.0113,662.147,281.018,464.34+5,009
Business income15,229.4510,488.9814,237.3310,606.91+992
Cash benefits19,483.9518,800.6116,845.5714,884.92+2,638
Total income before tax105,661.00104,815.0784,974.7982,687.31+20,686
Tax paid-13,920.82-13,627.40-13,274.19-12,803.25-647
Interest paid-4,274.49-4,827.13-3,254.81-3,379.99-1,020
Other payments/statistical discrepancy11,950.8011,147.339,465.808,793.92+2,485
Total disposable income99,416.5097,607.8777,911.5975,397.99+21,505
Ratio of cash benefits to tax paid1.401.381.271.16--

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in by .id , the population experts.

Data are based on a 2015-16 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 Tasmania, Cash benefits: 17.9% Tasmania, Superannuation: 7.6% Tasmania, Business income: 10.0% Tasmania, Property income: 13.0% Tasmania, Wages & salaries: 51.4% Cradle Coast Region, Cash benefits: 18.4% Cradle Coast Region, Superannuation: 7.1% Cradle Coast Region, Business income: 14.4% Cradle Coast Region, Property income: 11.6% Cradle Coast Region, Wages & salaries: 48.4%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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