Northern Tasmania RegionEconomic profile
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Northern Midlands Council area

Sources of income

Households in Northern Midlands 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
Northern Midlands Council area2016/172011/12Change
Name$Regional TAS $$Regional TAS $2011/12 to 2016/17
Wages & salaries52,740.4450,015.2856,915.2654,019.37-4,175
Property income13,962.2712,553.8315,023.8113,236.84-1,062
Business income26,336.0313,422.3935,987.6013,698.39-9,652
Cash benefits19,558.3819,059.4720,770.9920,333.02-1,213
Total income before tax119,480.74102,597.60136,040.81108,534.34-16,560
Tax paid-16,891.25-13,309.52-17,788.18-12,592.39+897
Interest paid-4,110.77-4,321.69-6,867.30-6,844.67+2,757
Other payments/statistical discrepancy17,243.4711,357.5120,980.3113,124.58-3,737
Total disposable income115,722.1996,423.89132,365.63102,321.85-16,643
Ratio of cash benefits to tax paid1.161.431.171.61--

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in by .id , the population experts.

Data are based on a 2015-16 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 Northern Midlands Council area, Cash benefits: 16.4% Northern Midlands Council area, Superannuation: 5.8% Northern Midlands Council area, Business income: 22.0% Northern Midlands Council area, Property income: 11.7% Northern Midlands Council area, Wages & salaries: 44.1% Regional TAS, Cash benefits: 18.6% Regional TAS, Superannuation: 7.4% Regional TAS, Business income: 13.1% Regional TAS, Property income: 12.2% Regional TAS, Wages & salaries: 48.7%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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