City of Merri-bek

Sources of income

Households in the City of Merri-bek have a lower amount of disposable income compared to Victoria.

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:
reset
Sources of income per household
City of Merri-bek2021/222016/17Change
Economic measure$Victoria$$ Victoria$2016/17 to 2021/22
Wages & salaries101,216.0492,817.4389,188.7787,170.54+12,027
Property income17,922.4718,000.9918,247.5418,988.49-325
Business income8,701.6219,621.9914,065.8918,753.19-5,364
Superannuation12,753.3711,306.6812,582.6611,186.15+171
Cash benefits9,512.8916,465.4310,089.1016,331.65-576
Total income before tax150,106.39158,212.51144,173.95152,430.02+5,932
Tax paid-27,165.48-27,567.22-24,049.49-24,941.07-3,116
Interest paid-6,278.93-6,502.53-8,821.37-9,142.73+2,542
Other payments/statistical discrepancy12,092.8414,108.7512,479.0114,450.12-386
Total disposable income128,754.83138,351.52123,782.10132,896.35+4,973
Ratio of cash benefits to tax paid0.350.600.420.650

Source: National Institute of Economic and Industry Research (NIEIR) ©2023. ©2023. Compiled and presented in economy.id 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
loading animation

City of Merri-bek

economic profile