Inner West Council area

Sources of income

Households in the Inner West Council area have a higher 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:
reset
Sources of income per household
Inner West Council area2019/202014/15Change
Economic measure$New South Wales$$ New South Wales$2014/15 to 2019/20
Wages & salaries129,105.0394,093.28113,742.0087,994.80+15,363
Property income22,317.6620,398.5124,478.7322,783.21-2,161
Business income19,509.5518,903.9625,850.6918,593.70-6,341
Superannuation13,304.7411,907.3314,809.2113,369.02-1,504
Cash benefits9,202.4516,958.969,587.0817,993.97-385
Total income before tax193,439.43162,262.04188,467.70160,734.70+4,972
Tax paid-40,084.09-27,791.52-36,443.30-25,025.13-3,641
Interest paid-10,350.43-7,731.02-13,954.84-10,260.42+3,604
Other payments/statistical discrepancy22,991.4817,688.4821,960.9616,815.46+1,031
Total disposable income165,996.39144,527.99160,030.52142,364.61+5,966
Ratio of cash benefits to tax paid0.230.610.260.720

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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Inner West Council

economic profile