Inner West CouncilEconomic profile
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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.

National Economics (NIEIR) - Modelled series

Sources of income per household
Inner West Council area2018/192007/08Change
Name$New South Wales $$New South Wales $2007/08 to 2018/19
Wages & salaries121,442.1790,038.86104,197.8683,149.60+17,244
Property income23,028.3220,881.1321,898.1821,766.76+1,130
Business income24,132.2418,482.4817,372.4214,492.69+6,760
Cash benefits8,300.1315,010.2912,360.7714,624.23-4,061
Total income before tax190,905.34156,751.70167,492.08145,163.83+23,413
Tax paid-40,625.26-27,050.24-31,386.56-22,925.74-9,239
Interest paid-11,378.20-8,581.38-16,249.86-13,922.15+4,872
Other payments/statistical discrepancy22,073.7216,979.3117,957.9414,545.26+4,116
Total disposable income160,975.60138,199.39137,813.60122,961.20+23,162
Ratio of cash benefits to tax paid0.200.550.390.64--

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in 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 New South Wales, Cash benefits: 9.6% New South Wales, Superannuation: 7.9% New South Wales, Business income: 11.8% New South Wales, Property income: 13.3% New South Wales, Wages & salaries: 57.4% Inner West Council area, Cash benefits: 4.3% Inner West Council area, Superannuation: 7.3% Inner West Council area, Business income: 12.6% Inner West Council area, Property income: 12.1% Inner West Council area, Wages & salaries: 63.6%
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in by .id the population experts

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