Gunnedah Shire CouncilEconomic profile
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Gunnedah Shire

Sources of income

Households in the Gunnedah Shire have a lower amount of disposable income compared to Australia.

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
Gunnedah Shire2017/182007/08Change
Name$Australia $$Australia $2007/08 to 2017/18
Wages & salaries74,452.7183,870.9656,819.7078,120.18+17,633
Property income17,869.7918,735.2916,589.4819,721.19+1,280
Business income20,504.2716,563.8420,416.8015,108.61+87
Superannuation11,586.1111,035.468,390.509,916.46+3,196
Cash benefits14,757.6315,185.6928,103.3414,391.35-13,346
Total income before tax139,170.51145,391.25130,319.82137,257.78+8,851
Tax paid-21,425.28-23,506.48-18,591.85-20,659.36-2,833
Interest paid-6,472.11-8,217.07-7,000.18-13,231.06+528
Other payments/statistical discrepancy12,978.0814,788.3014,504.6113,701.40-1,527
Total disposable income124,251.21128,555.99119,232.41117,168.77+5,019
Ratio of cash benefits to tax paid0.690.651.510.70--

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in economy.id 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 Australia, Cash benefits: 10.4% Australia, Superannuation: 7.6% Australia, Business income: 11.4% Australia, Property income: 12.9% Australia, Wages & salaries: 57.7% Gunnedah Shire, Cash benefits: 10.6% Gunnedah Shire, Superannuation: 8.3% Gunnedah Shire, Business income: 14.7% Gunnedah Shire, Property income: 12.8% Gunnedah Shire, Wages & salaries: 53.5%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

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