Northern Tasmania Region

economic 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.

Data source

National Economics (NIEIR) - Modelled series

Current area:
Current benchmark:
Comparison year:
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Sources of income per household
Northern Tasmania Region2019/202014/15Change
Economic measure$Tasmania$$ Tasmania$2014/15 to 2019/20
Wages & salaries62,343.8865,244.7457,855.2761,249.02+4,489
Property income13,062.0313,365.7614,410.7815,131.64-1,349
Business income19,787.4515,108.8618,171.6016,034.03+1,616
Superannuation7,767.177,801.258,482.898,878.94-716
Cash benefits21,216.2820,126.0920,661.0221,052.59+555
Total income before tax124,176.82121,646.69119,581.57122,346.22+4,595
Tax paid-16,585.45-16,475.55-14,126.23-14,367.36-2,459
Interest paid-3,830.60-4,172.53-5,208.60-5,524.76+1,378
Other payments/statistical discrepancy14,162.5313,971.9412,369.5212,363.26+1,793
Total disposable income117,923.30115,070.55112,616.26114,917.36+5,307
Ratio of cash benefits to tax paid1.281.221.461.470

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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Northern Tasmania Region

economic profile