City of MonashEconomic profile
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City of Monash

Sources of income

This page has been updated with 2016-17 NIEIR-ID economic model data

You may notice some changes to current and past data. Learn more about these changes.

Households in the City of Monash have a higher amount of disposable income compared to Greater Melbourne.

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 Monash2016/172011/12Change
Name$Greater Melbourne $$Greater Melbourne $2011/12 to 2016/17
Wages & salaries80,846.3682,450.8680,259.6582,784.81+587
Property income19,649.9817,918.4621,148.5619,752.23-1,499
Business income16,321.2718,223.4410,715.7713,339.62+5,606
Superannuation10,576.5910,404.3210,200.7610,190.70+376
Cash benefits17,794.8513,571.0018,134.3114,204.54-339
Total income before tax145,189.06142,568.08140,459.05140,271.90+4,730
Tax paid-21,840.61-24,407.31-18,861.43-21,402.90-2,979
Interest paid-11,241.10-9,330.67-13,613.69-13,770.82+2,373
Other payments/statistical discrepancy13,528.5814,509.3513,947.4214,713.23-419
Total disposable income125,635.94123,439.44121,931.34119,911.41+3,705
Ratio of cash benefits to tax paid0.810.560.960.66--

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2015-16 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 Greater Melbourne, Cash benefits: 9.5% Greater Melbourne, Superannuation: 7.3% Greater Melbourne, Business income: 12.8% Greater Melbourne, Property income: 12.6% Greater Melbourne, Wages & salaries: 57.8% City of Monash, Cash benefits: 12.3% City of Monash, Superannuation: 7.3% City of Monash, Business income: 11.2% City of Monash, Property income: 13.5% City of Monash, Wages & salaries: 55.7%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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