City of MonashEconomic profile
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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.

National Economics (NIEIR) - Modelled series

Sources of income per household
City of Monash2018/192013/14Change
Name$Victoria $$Victoria $2013/14 to 2018/19
Wages & salaries85,038.4379,503.7079,498.5175,637.79+5,540
Property income19,821.5417,228.0320,416.1418,090.85-595
Business income10,632.4112,486.8514,730.2616,586.51-4,098
Cash benefits14,371.1214,278.2319,376.5916,623.50-5,005
Total income before tax140,704.39133,677.08144,773.78137,196.01-4,069
Tax paid-23,165.83-24,473.44-19,592.01-20,054.93-3,574
Interest paid-10,371.80-7,764.28-11,348.41-9,493.02+977
Other payments/statistical discrepancy15,695.0514,146.6415,334.4413,218.44+361
Total disposable income122,861.80115,686.00129,167.81120,966.51-6,306
Ratio of cash benefits to tax paid0.620.580.990.83--

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in by .id , the population experts.

Data are based on a 2016-17 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

Sources of income per household
Sources of income per household Victoria, Cash benefits: 10.7% Victoria, Superannuation: 7.6% Victoria, Business income: 9.3% Victoria, Property income: 12.9% Victoria, Wages & salaries: 59.5% City of Monash, Cash benefits: 10.2% City of Monash, Superannuation: 7.7% City of Monash, Business income: 7.6% City of Monash, Property income: 14.1% City of Monash, Wages & salaries: 60.4%
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in by .id the population experts

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