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 Greater Hobart.

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 Launceston2015/162010/11Change
Name$Greater Hobart $$Greater Hobart $2010/11 to 2015/16
Wages & salaries51,747.1258,034.6656,425.0761,911.39-4,678
Property income12,188.8914,775.4013,053.5015,539.22-865
Business income5,588.677,398.305,853.147,665.71-264
Superannuation7,340.008,469.326,893.537,768.01+446
Cash benefits18,984.8021,814.9218,518.9918,180.13+466
Total income before tax95,849.48110,492.60100,744.24111,064.46-4,895
Tax paid-12,226.39-13,804.90-11,330.38-12,778.24-896
Interest paid-4,975.36-5,423.19-6,782.27-7,623.55+1,807
Other payments/statistical discrepancy7,274.208,392.567,838.448,670.52-564
Total disposable income85,921.9499,757.0790,470.0399,433.19-4,548
Ratio of cash benefits to tax paid1.551.581.631.42--

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

Data is based on 2014-15 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.

Sources of income per household
Sources of income per household Greater Hobart, Cash benefits: 19.7% Greater Hobart, Superannuation: 7.7% Greater Hobart, Business income: 6.7% Greater Hobart, Property income: 13.4% Greater Hobart, Wages & salaries: 52.5% City of Launceston, Cash benefits: 19.8% City of Launceston, Superannuation: 7.7% City of Launceston, Business income: 5.8% City of Launceston, Property income: 12.7% City of Launceston, Wages & salaries: 54.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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