The Individual Income levels of the local resident workers are directly linked to their knowledge, experience, qualifications, occupation and skill levels.
Income statistics the City of Monash, when analysed with other data sources, such as Age structure, Qualification , Hours worked and Occupations , help to evaluate the economic opportunities and socio-economic status of the City of Monash. This also indicates what knowledge and skill levels industry can draw upon locally.
Australian Bureau of Statistics (ABS) – Census 2016 – by usual residence
|Resident workers individual income|
|City of Monash - Persons||2016|
|Gross weekly individual income||Number||%||Victoria%|
|Negative Income/ Nil income||704||0.9||0.8|
|$1 - $149||3,440||4.3||3.7|
|$150 - $299||4,014||5.0||4.3|
|$300 - $399||3,874||4.8||4.5|
|$400 - $499||4,185||5.2||5.4|
|$500 - $649||5,843||7.3||8.2|
|$650 - $799||7,351||9.1||10.5|
|$800 - $999||9,064||11.3||12.7|
|$1,000 - $1,249||10,272||12.8||13.3|
|$1,250 - $1,499||7,458||9.3||9.4|
|$1,500 - $1,749||6,524||8.1||7.8|
|$1,750 - $1,999||4,741||5.9||5.3|
|$2,000 - $2,999||7,741||9.6||7.6|
|$3,000 or more||4,074||5.1||4.7|
Please refer to specific data notes for more information
Analysis of the resident workers individual income levels in the City of Monash in 2016 compared to Victoria shows that there was a higher proportion earning a high income (those earning $1,750 per week or more) as well as a higher proportion of low income persons (those earning less than $500 per week).
Overall, 20.6% of the resident workers earned a high income, and 20.2% earned a low income, compared with 17.6% and 18.7% respectively for Victoria.
The major differences between the weekly income of the resident workers in the City of Monash and Victoria were:
- A larger percentage of resident workers earned $2,000 - $2,999 (9.6% compared to 7.6%)
- A smaller percentage of resident workers earned $800 - $999 (11.3% compared to 12.7%)
- A smaller percentage of resident workers earned $650 - $799 (9.1% compared to 10.5%)
- A smaller percentage of resident workers earned $500 - $649 (7.3% compared to 8.2%)