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 Launceston2016/172011/12Change
Name$Tasmania $$Tasmania $2011/12 to 2016/17
Wages & salaries52,867.4853,880.5456,779.8057,700.38-3,912
Property income12,407.1513,662.1413,068.9514,381.33-662
Business income4,875.8910,488.984,075.0310,117.49+801
Cash benefits17,246.1018,800.6119,176.5020,065.00-1,930
Total income before tax94,818.46104,815.07100,142.37109,803.85-5,324
Tax paid-12,746.08-13,627.40-11,729.42-12,785.17-1,017
Interest paid-4,657.67-4,827.13-7,369.20-7,384.67+2,712
Other payments/statistical discrepancy9,422.6611,147.3310,961.9012,780.01-1,539
Total disposable income86,837.3697,607.8792,005.64102,514.02-5,168
Ratio of cash benefits to tax paid1.351.381.631.57--

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

Data are based on a 2015-16 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: 17.9% Tasmania, Superannuation: 7.6% Tasmania, Business income: 10.0% Tasmania, Property income: 13.0% Tasmania, Wages & salaries: 51.4% City of Launceston, Cash benefits: 18.2% City of Launceston, Superannuation: 7.8% City of Launceston, Business income: 5.1% City of Launceston, Property income: 13.1% City of Launceston, Wages & salaries: 55.8%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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