Inner West Council area
Resident workers - Individual income
The Inner West Council area labour force (Financial and Insurance Services) have a higher proportion of people with high incomes ($1,750 or more per week) than New South Wales.
The Individual Income levels of the local resident workers are directly linked to their knowledge, experience, qualifications, occupation and skill levels.
Income statistics in Inner West Council area, when analysed with other data sources, such as Age structure, Qualifications, Hours worked and Occupations, help to evaluate the economic opportunities and socio-economic status of Inner West Council area. This also indicates what knowledge and skill levels industry can draw upon locally.
Australian Bureau of Statistics (ABS) – Census 2016 – by usual residence
|Resident workers individual income|
|Inner West Council area||2016|
|Gross weekly individual income||Number||%||New South Wales%|
|Negative Income/ Nil income||14||0.2||0.3||3101|
|$1 - $149||16||0.2||0.4||3102|
|$150 - $299||22||0.3||0.6||3103|
|$300 - $399||33||0.4||1.0||3104|
|$400 - $499||41||0.6||1.6||3105|
|$500 - $649||90||1.2||3.2||3106|
|$650 - $799||172||2.3||5.0||3107|
|$800 - $999||365||5.0||8.7||3108|
|$1,000 - $1,249||636||8.6||12.2||3109|
|$1,250 - $1,499||645||8.8||10.0||3110|
|$1,500 - $1,749||717||9.7||10.2||3111|
|$1,750 - $1,999||591||8.0||8.1||3112|
|$2,000 - $2,999||1,764||24.0||18.4||3113|
|$3,000 or more||2,193||29.8||19.4||3114|
Source: Australian Bureau of Statistics, Census of Population and Housing (opens a new window) 2016. Compiled and presented in profile.id by .id (opens a new window), the population experts.
Analysis of the resident workers (Financial and Insurance Services) individual income levels in the Inner West Council area in 2016 compared to New South Wales shows that there was a higher proportion earning a high income (those earning $1,750 per week or more) and a lower proportion of low income persons (those earning less than $500 per week).
Overall, 61.8% of the resident workers (Financial and Insurance Services) earned a high income, and 1.7% earned a low income, compared with 45.8% and 3.9% respectively for New South Wales.
The major differences between the weekly income of the resident workers (Financial and Insurance Services) in the Inner West Council area and New South Wales were:
- A larger percentage of resident workers (Financial and Insurance Services) earned $3,000 or more (29.8% compared to 19.4%)
- A larger percentage of resident workers (Financial and Insurance Services) earned $2,000 - $2,999 (24.0% compared to 18.4%)
- A smaller percentage of resident workers (Financial and Insurance Services) earned $800 - $999 (5.0% compared to 8.7%)
- A smaller percentage of resident workers (Financial and Insurance Services) earned $1,000 - $1,249 (8.6% compared to 12.2%)