Northern Tasmania Region

economic profile

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Flinders Council

Sources of income

Households in the Flinders Council 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:
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Sources of income per household
Flinders Council2018/192013/14Change
Economic measure$Tasmania$$ Tasmania$2013/14 to 2018/19
Wages & salaries39,348.3758,691.4840,190.6955,386.60-842
Property income14,800.4114,305.4415,227.4214,355.78-427
Business income51,816.1617,728.5638,900.669,440.58+12,915
Superannuation8,084.858,453.337,769.668,139.26+315
Cash benefits17,553.8818,407.5612,922.7020,093.26+4,631
Total income before tax131,603.68117,586.37115,011.14107,415.48+16,593
Tax paid-16,675.23-15,626.74-14,364.85-12,960.80-2,310
Interest paid-4,521.60-4,644.07-5,733.03-5,577.78+1,211
Other payments/statistical discrepancy16,730.0612,216.4414,563.1411,419.11+2,167
Total disposable income127,136.91109,631.99109,476.40100,396.01+17,661
Ratio of cash benefits to tax paid1.051.180.901.550

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. 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

Please refer to specific data notes for more information

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Northern Tasmania Region

economic profile