Gunnedah Shire Council

economic profile

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Gunnedah Shire

Sources of income

Households in Gunnedah Shire have a lower amount of disposable income compared to New South Wales.

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
Gunnedah Shire2019/202014/15Change
Economic measure$New South Wales$$ New South Wales$2014/15 to 2019/20
Wages & salaries80,099.2794,093.2875,689.9387,994.80+4,409
Property income15,800.5420,398.5119,974.1322,783.21-4,174
Business income15,814.8718,903.9623,083.9818,593.70-7,269
Superannuation10,002.6911,907.3312,461.9413,369.02-2,459
Cash benefits22,951.5816,958.9628,037.0217,993.97-5,085
Total income before tax144,668.94162,262.04159,247.00160,734.70-14,578
Tax paid-24,007.28-27,791.52-22,850.34-25,025.13-1,157
Interest paid-3,765.54-7,731.02-5,348.07-10,260.42+1,583
Other payments/statistical discrepancy12,965.6717,688.4814,326.9316,815.46-1,361
Total disposable income129,861.79144,527.99145,375.52142,364.61-15,514
Ratio of cash benefits to tax paid0.960.611.230.720

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

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Gunnedah Shire Council

economic profile