Northern Tasmania RegionEconomic profile
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Dorset Council area

Sources of income

Households in Dorset Council area 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
Dorset Council area2017/182012/13Change
Name$Regional TAS $$Regional TAS $2012/13 to 2017/18
Wages & salaries42,416.5151,286.3641,232.4751,280.69+1,184
Property income15,748.6912,927.3013,424.8012,866.57+2,324
Business income78,918.1217,749.6544,537.0812,542.54+34,381
Superannuation10,089.467,891.737,263.777,153.00+2,826
Cash benefits19,132.7119,415.7222,724.8819,924.12-3,592
Total income before tax166,305.49109,270.76129,183.01103,766.92+37,122
Tax paid-24,290.21-14,506.32-16,081.97-12,762.07-8,208
Interest paid-3,991.05-4,404.83-5,256.66-5,768.21+1,266
Other payments/statistical discrepancy25,199.8911,473.2919,550.1812,198.72+5,650
Total disposable income163,224.12101,932.90127,394.5697,535.36+35,830
Ratio of cash benefits to tax paid0.791.341.411.56--

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in economy.id 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 Dorset Council area, Cash benefits: 11.5% Dorset Council area, Superannuation: 6.1% Dorset Council area, Business income: 47.5% Dorset Council area, Property income: 9.5% Dorset Council area, Wages & salaries: 25.5% 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 economy.id by .id the population experts

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