City of Launceston

Sources of income

Households in the City of Launceston have a lower amount of disposable income compared to Tasmania.

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:
Sources of income per household
City of Launceston2022/232016/17Change
Economic measure$Tasmania$$ Tasmania$2016/17 to 2022/23
Wages & salaries72,193.1272,501.5965,563.2566,874.57+6,630
Property income16,388.2017,417.1613,985.9115,263.69+2,402
Business income8,111.5716,473.347,880.1716,714.91+231
Cash benefits17,876.2317,713.5420,545.5620,705.54-2,669
Total income before tax123,645.12133,615.25116,179.69128,507.58+7,465
Tax paid-17,676.41-19,580.81-14,800.72-16,322.41-2,876
Interest paid-6,854.41-7,266.31-6,504.01-6,983.98-350
Other payments/statistical discrepancy12,986.4514,898.3510,444.3012,499.80+2,542
Total disposable income112,100.74121,766.49105,319.27117,800.99+6,781
Ratio of cash benefits to tax paid1.010.901.391.270

Source: National Institute of Economic and Industry Research (NIEIR) ©2024. ©2023. Compiled and presented in by .id (informed decisions).Data are based on a 2020/21 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
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City of Launceston

economic profile