City of IpswichEconomic profile
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City of Ipswich

Sources of income

Households in the City of Ipswich have a lower amount of disposable income compared to Queensland.

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
City of Ipswich2015/162010/11Change
Name$Queensland $$Queensland $2010/11 to 2015/16
Wages & salaries75,261.0877,215.5676,690.2778,034.78-1,429
Property income15,986.9217,312.9316,132.0918,698.33-145
Business income5,397.4711,942.708,503.9516,273.29-3,106
Cash benefits15,677.7917,054.5417,407.3416,718.16-1,730
Total income before tax124,002.50133,809.10129,785.00139,520.30-5,783
Tax paid-17,446.30-20,503.44-14,813.62-17,440.54-2,633
Interest paid-7,703.31-8,331.15-11,570.23-12,072.83+3,867
Other payments/statistical discrepancy12,310.9414,387.2810,773.0613,805.51+1,538
Total disposable income111,163.82119,461.79114,174.21123,912.44-3,010
Ratio of cash benefits to tax paid0.900.831.180.96--

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in by .id , the population experts.

Data is based on 2014-15 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.

Sources of income per household
Sources of income per household Queensland, Cash benefits: 12.7% Queensland, Superannuation: 7.7% Queensland, Business income: 8.9% Queensland, Property income: 12.9% Queensland, Wages & salaries: 57.7% City of Ipswich, Cash benefits: 12.6% City of Ipswich, Superannuation: 9.4% City of Ipswich, Business income: 4.4% City of Ipswich, Property income: 12.9% City of Ipswich, Wages & salaries: 60.7%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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