City of Port Phillip

Sources of income

Households in City of Port Phillip have a higher amount of disposable income compared to Victoria.

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 benchmark:
Comparison year:
reset
Sources of income per household
City of Port Phillip2020/212015/16Change
Economic measure$Victoria$$ Victoria$2015/16 to 2020/21
Wages & salaries108,114.9287,443.44102,549.7382,758.12+5,565
Property income19,824.2716,042.3923,481.3618,655.23-3,657
Business income29,809.7218,580.4726,550.1817,150.38+3,260
Superannuation11,278.349,978.3812,245.9210,995.72-968
Cash benefits7,819.0517,447.086,669.7116,407.53+1,149
Total income before tax176,846.29149,491.76171,496.90145,966.99+5,349
Tax paid-39,141.32-24,777.62-38,132.29-23,429.48-1,009
Interest paid-8,000.27-6,242.08-11,900.42-9,174.27+3,900
Other payments/statistical discrepancy19,237.8416,466.5717,435.2614,553.53+1,803
Total disposable income148,942.55135,038.63138,899.44128,016.77+10,043
Ratio of cash benefits to tax paid0.200.700.170.700

Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions).Data are based on a 2018-19 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

City of Port Phillip

economic profile