Northern Tasmania RegionEconomic profile
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Northern Tasmania Region

Sources of income

Households in the Northern Tasmania Region have a lower 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 Region2018/192013/14Change
Name$Tasmania $$Tasmania $2013/14 to 2018/19
Wages & salaries55,686.5958,691.4852,583.9655,386.60+3,103
Property income13,672.1714,305.4414,003.7014,355.78-332
Business income20,281.0417,728.5612,084.889,440.58+8,196
Cash benefits18,973.2318,407.5619,967.0820,093.26-994
Total income before tax116,819.44117,586.37106,601.24107,415.48+10,218
Tax paid-15,505.50-15,626.75-12,993.80-12,960.80-2,512
Interest paid-4,198.77-4,644.07-5,244.90-5,577.78+1,046
Other payments/statistical discrepancy12,267.8912,216.4411,396.1611,419.11+872
Total disposable income109,383.06109,631.9999,758.71100,396.01+9,624
Ratio of cash benefits to tax paid1.221.181.541.55--

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. 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: 15.7% Tasmania, Superannuation: 7.2% Tasmania, Business income: 15.1% Tasmania, Property income: 12.2% Tasmania, Wages & salaries: 49.9% Northern Tasmania Region, Cash benefits: 16.2% Northern Tasmania Region, Superannuation: 7.0% Northern Tasmania Region, Business income: 17.4% Northern Tasmania Region, Property income: 11.7% Northern Tasmania Region, Wages & salaries: 47.7%
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in by .id the population experts

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