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 Ipswich2017/182012/13Change
Name$Queensland $$Queensland $2012/13 to 2017/18
Wages & salaries76,654.3678,860.3178,970.1481,718.66-2,316
Property income14,356.8716,416.0815,121.2117,656.69-764
Business income2,953.1512,133.305,418.1812,211.09-2,465
Cash benefits14,210.5115,841.9416,312.9116,934.82-2,102
Total income before tax118,604.38132,920.88126,177.91137,952.34-7,574
Tax paid-17,047.73-20,768.42-16,475.09-19,735.35-573
Interest paid-6,961.75-7,789.31-9,763.66-10,751.81+2,802
Other payments/statistical discrepancy11,378.0013,917.8812,137.0414,811.41-759
Total disposable income105,972.90118,381.04112,076.20122,376.58-6,103
Ratio of cash benefits to tax paid0.830.760.990.86--

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. 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 Queensland, Cash benefits: 11.9% Queensland, Superannuation: 7.3% Queensland, Business income: 9.1% Queensland, Property income: 12.4% Queensland, Wages & salaries: 59.3% City of Ipswich, Cash benefits: 12.0% City of Ipswich, Superannuation: 8.8% City of Ipswich, Business income: 2.5% City of Ipswich, Property income: 12.1% City of Ipswich, Wages & salaries: 64.6%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in by .id the population experts

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