Northern Tasmania RegionEconomic profile
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Northern Tasmania Region

Sources of income

Households in the Northern Tasmania Region 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
Northern Tasmania Region2017/182012/13Change
Name$Tasmania $$Tasmania $2012/13 to 2017/18
Wages & salaries52,856.7355,725.7452,350.7154,758.72+506
Property income13,528.8213,741.7912,939.4913,826.73+589
Business income18,255.1412,511.0410,612.608,626.75+7,643
Cash benefits20,164.7518,666.1020,006.1019,636.73+159
Total income before tax112,886.54108,738.86103,074.24104,234.17+9,812
Tax paid-15,254.55-14,377.21-12,692.07-12,822.26-2,562
Interest paid-4,735.73-4,795.65-6,121.40-6,303.78+1,386
Other payments/statistical discrepancy11,839.6711,115.5711,842.2711,704.56-3
Total disposable income104,735.93100,781.5796,103.0496,912.69+8,633
Ratio of cash benefits to tax paid1.321.301.581.53--

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% Northern Tasmania Region, Cash benefits: 17.9% Northern Tasmania Region, Superannuation: 7.2% Northern Tasmania Region, Business income: 16.2% Northern Tasmania Region, Property income: 12.0% Northern Tasmania Region, Wages & salaries: 46.8%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in by .id the population experts

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