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:
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Sources of income per household
City of Greater Geelong2021/222016/17Change
Economic measure$Victoria$$ Victoria$2016/17 to 2021/22
Wages & salaries76,931.0392,817.4375,572.8487,170.54+1,358
Property income15,374.9818,000.9916,879.9518,988.49-1,505
Business income13,561.2319,621.9913,736.1918,753.19-175
Superannuation10,324.7511,306.6810,646.8911,186.15-322
Cash benefits18,680.0816,465.4319,190.1616,331.65-510
Total income before tax134,872.06158,212.51136,026.02152,430.02-1,154
Tax paid-21,107.41-27,567.22-20,705.19-24,941.07-402
Interest paid-5,744.86-6,502.53-6,901.09-9,142.73+1,156
Other payments/statistical discrepancy10,753.7814,108.7510,916.7414,450.12-163
Total disposable income118,773.56138,351.52119,336.49132,896.35-563
Ratio of cash benefits to tax paid0.890.600.930.650

Source: National Institute of Economic and Industry Research (NIEIR) ©2023. ©2023. Compiled and presented in economy.id by .id (informed decisions).Data are based on a 2020/21 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
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City of Greater Geelong

economic profile