Northern Tasmania RegionEconomic profile
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Flinders Council

Sources of income

Households in Flinders Council have a higher amount of disposable income compared to Regional TAS.

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
Flinders Council2017/182012/13Change
Name$Regional TAS $$Regional TAS $2012/13 to 2017/18
Wages & salaries39,143.2651,286.3642,495.8551,280.69-3,353
Property income17,319.4912,927.3013,714.5112,866.57+3,605
Business income60,133.1517,749.6535,100.4912,542.54+25,033
Cash benefits54,464.7319,415.7216,357.6219,924.12+38,107
Total income before tax179,543.83109,270.76114,324.76103,766.92+65,219
Tax paid-21,654.09-14,506.32-14,984.79-12,762.07-6,669
Interest paid-4,655.96-4,404.83-3,558.22-5,768.21-1,098
Other payments/statistical discrepancy19,842.0911,473.2917,871.1412,198.72+1,971
Total disposable income173,075.86101,932.90113,652.8997,535.36+59,423
Ratio of cash benefits to tax paid2.521.341.091.56--

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 Flinders Council, Cash benefits: 30.3% Flinders Council, Superannuation: 4.7% Flinders Council, Business income: 33.5% Flinders Council, Property income: 9.6% Flinders Council, Wages & salaries: 21.8% Regional TAS, Cash benefits: 17.8% Regional TAS, Superannuation: 7.2% Regional TAS, Business income: 16.2% Regional TAS, Property income: 11.8% Regional TAS, Wages & salaries: 46.9%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in by .id the population experts

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