City of LauncestonEconomic profile
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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.

National Economics (NIEIR) - Modelled series

Sources of income per household
City of Launceston2017/182012/13Change
Name$Tasmania $$Tasmania $2012/13 to 2017/18
Wages & salaries54,830.0955,725.7453,682.6454,758.72+1,147
Property income12,460.3913,741.7912,161.9513,826.73+298
Business income6,084.3112,511.042,621.978,626.75+3,462
Superannuation7,515.058,094.206,831.157,385.24+684
Cash benefits18,173.4918,666.1018,728.3719,636.73-555
Total income before tax99,063.34108,738.8694,026.09104,234.17+5,037
Tax paid-13,400.79-14,377.21-11,577.39-12,822.26-1,823
Interest paid-4,897.24-4,795.65-6,182.15-6,303.78+1,285
Other payments/statistical discrepancy9,062.6211,115.579,850.7711,704.56-788
Total disposable income89,827.93100,781.5786,117.3296,912.69+3,711
Ratio of cash benefits to tax paid1.361.301.621.53--

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. 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

Sources of income per household
Sources of income per household Tasmania, Cash benefits: 17.2% Tasmania, Superannuation: 7.4% Tasmania, Business income: 11.5% Tasmania, Property income: 12.6% Tasmania, Wages & salaries: 51.2% City of Launceston, Cash benefits: 18.3% City of Launceston, Superannuation: 7.6% City of Launceston, Business income: 6.1% City of Launceston, Property income: 12.6% City of Launceston, Wages & salaries: 55.3%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

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