City of Ipswich

economic profile

ipswich logo

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.

Data source

National Economics (NIEIR) - Modelled series

Current benchmark:
Comparison year:
reset
export
  • Excel
  • Word
Sources of income per household
City of Ipswich2018/192013/14Change
Economic measure$Queensland$$ Queensland$2013/14 to 2018/19
Wages & salaries78,399.1880,917.1279,954.8382,352.10-1,556
Property income15,170.6717,209.8616,314.4218,299.36-1,144
Business income6,197.4814,607.175,097.0411,255.38+1,100
Superannuation11,101.4510,169.5111,584.4710,375.46-483
Cash benefits14,844.4415,860.8616,938.7017,465.64-2,094
Total income before tax125,713.21138,764.52129,889.46139,747.93-4,176
Tax paid-18,756.44-21,984.74-16,907.53-19,805.01-1,849
Interest paid-6,457.07-7,435.42-8,499.94-9,433.10+2,043
Other payments/statistical discrepancy10,643.8814,185.5510,476.2714,261.81+168
Total disposable income111,143.58123,629.91114,958.26124,871.64-3,815
Ratio of cash benefits to tax paid0.790.721.000.880

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. 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

Please refer to specific data notes for more information

To continue building your economic story go to...

City of Ipswich

economic profile