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:
reset
Sources of income per household
City of Monash2019/202014/15Change
Economic measure$Victoria$$ Victoria$2014/15 to 2019/20
Wages & salaries88,935.4285,579.1583,615.6780,688.79+5,320
Property income18,990.3316,645.8021,549.8318,970.85-2,559
Business income14,381.3516,762.4914,769.5517,348.83-388
Superannuation10,175.109,716.7111,572.2611,131.86-1,397
Cash benefits15,480.3315,964.5319,886.1417,114.08-4,406
Total income before tax147,962.53144,668.69151,393.44145,254.42-3,431
Tax paid-23,133.65-24,574.06-20,474.15-21,912.77-2,660
Interest paid-8,449.30-7,071.61-12,331.59-9,388.34+3,882
Other payments/statistical discrepancy16,937.7515,281.9715,626.9913,895.56+1,311
Total disposable income133,317.33128,404.99134,214.69127,948.86-897
Ratio of cash benefits to tax paid0.670.650.970.780

Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions).Data are based on a 2018-19 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