City of Monash

Sources of income

Households in the City of Monash have a higher 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:
Sources of income per household
City of Monash2021/222016/17Change
Economic measure$Victoria$$ Victoria$2016/17 to 2021/22
Wages & salaries100,841.7992,817.4390,924.8487,170.54+9,917
Property income20,741.2418,000.9921,473.5218,988.49-732
Business income14,981.0419,621.9915,645.3918,753.19-664
Cash benefits14,993.5416,465.4316,336.8416,331.65-1,343
Total income before tax163,608.32158,212.51156,025.48152,430.02+7,583
Tax paid-26,472.86-27,567.22-22,650.77-24,941.07-3,822
Interest paid-7,880.68-6,502.53-12,706.46-9,142.73+4,826
Other payments/statistical discrepancy15,392.6914,108.7517,272.8414,450.12-1,880
Total disposable income144,647.46138,351.52137,941.09132,896.35+6,706
Ratio of cash benefits to tax paid0.570.600.720.650

Source: National Institute of Economic and Industry Research (NIEIR) ©2022. ©2023. Compiled and presented in 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
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City of Monash

economic profile