City of Greater Geelong

Sources of income

Households in the City of Greater Geelong have a lower amount of disposable income compared to Victoria.

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 benchmark:
Comparison year:
reset
Sources of income per household
City of Greater Geelong2020/212015/16Change
Economic measure$Victoria$$ Victoria$2015/16 to 2020/21
Wages & salaries78,991.6587,443.4470,410.1582,758.12+8,581
Property income14,731.0616,042.3916,817.5418,655.23-2,086
Business income15,048.7718,580.4713,413.3517,150.38+1,635
Superannuation9,876.019,978.3810,413.1410,995.72-537
Cash benefits19,761.5817,447.0819,487.4516,407.53+274
Total income before tax138,409.08149,491.76130,541.64145,966.99+7,867
Tax paid-21,069.53-24,777.62-19,286.92-23,429.48-1,783
Interest paid-5,363.31-6,242.08-7,155.23-9,174.27+1,792
Other payments/statistical discrepancy14,205.5416,466.5711,222.8614,553.53+2,983
Total disposable income126,181.78135,038.63115,322.35128,016.77+10,859
Ratio of cash benefits to tax paid0.940.701.010.700

Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions).Data are based on a 2018-19 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

City of Greater Geelong

economic profile