Murchison AreaEconomic profile
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Murchison Area

Sources of income

Households in the Murchison Area have a higher amount of disposable income compared to Tasmania.

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
Murchison Area2017/182012/13Change
Name$Tasmania $$Tasmania $2012/13 to 2017/18
Wages & salaries52,369.3655,725.7455,022.8854,758.72-2,654
Property income12,127.9413,741.7912,580.0613,826.73-452
Business income34,927.2112,511.0430,805.918,626.75+4,121
Cash benefits15,499.8618,666.1016,976.9119,636.73-1,477
Total income before tax122,590.98108,738.86122,646.28104,234.17-55
Tax paid-18,380.66-14,377.21-17,779.93-12,822.26-601
Interest paid-4,223.34-4,795.65-5,562.48-6,303.78+1,339
Other payments/statistical discrepancy15,827.4511,115.5717,986.4811,704.56-2,159
Total disposable income115,814.43100,781.57117,290.3696,912.69-1,476
Ratio of cash benefits to tax paid0.841.300.951.53--

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. 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 Tasmania, Cash benefits: 17.2% Tasmania, Superannuation: 7.4% Tasmania, Business income: 11.5% Tasmania, Property income: 12.6% Tasmania, Wages & salaries: 51.2% Murchison Area, Cash benefits: 12.6% Murchison Area, Superannuation: 6.3% Murchison Area, Business income: 28.5% Murchison Area, Property income: 9.9% Murchison Area, Wages & salaries: 42.7%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in by .id the population experts

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