Queanbeyan-Palerang Regional CouncilEconomic profile
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Queanbeyan-Palerang Regional Council area

Local workers - Individual income - Financial and Insurance Services

In the Queanbeyan-Palerang Regional Council area, 23.0% of the Financial and Insurance Services earned $1,750 or more per week.

Individual Income is an indicator of socio-economic status, skills and occupations required in a particular industry. With other data sources, such as Qualifications and Occupation, it helps to evaluate the economic opportunities of people in an industry.

The amount of income an individual receives is linked to a number of factors including the person's employment status, age, qualifications and type of employment undertaken by the person.

Wages in Queanbeyan-Palerang Regional Council area can vary greatly across industry sectors. As well as being related to the type of jobs and qualifications required in a particular industry, income levels can be related to the level of part-time employment, Occupations, Qualifications and the Age structure of the local workers, so the data should be looked at in conjunction with these topics.

Australian Bureau of Statistics (ABS) – Census 2016 – by place of work

Local workers individual income
Queanbeyan-Palerang Regional Council area - Financial and Insurance Services2016
Gross weekly individual incomeNumber%NSW %
Negative Income/ Nil income00.00.3
$1 - $14900.00.4
$150 - $29964.90.6
$300 - $39932.51.0
$400 - $49900.01.6
$500 - $64997.43.2
$650 - $79964.95.0
$800 - $9992117.28.7
$1,000 - $1,2492117.212.1
$1,250 - $1,499108.210.0
$1,500 - $1,7491814.810.2
$1,750 - $1,999119.08.1
$2,000 - $2,999119.018.4
$3,000 or more64.919.4
Not stated00.01.0

Source: Australian Bureau of Statistics, Census of Population and Housing 2016. Compiled and presented by .id , the population experts.

Local workers individual income, 2016
Local workers individual income, 2016 Not stated, NSW: 1.0% $3,000 or more, NSW: 19.4% $2,000 - $2,999, NSW: 18.4% $1,750 - $1,999, NSW: 8.1% $1,500 - $1,749, NSW: 10.2% $1,250 - $1,499, NSW: 10.0% $1,000 - $1,249, NSW: 12.1% $800 - $999, NSW: 8.7% $650 - $799, NSW: 5.0% $500 - $649, NSW: 3.2% $400 - $499, NSW: 1.6% $300 - $399, NSW: 1.0% $150 - $299, NSW: 0.6% $1 - $149, NSW: 0.4% Negative Income/ Nil income, NSW: 0.3% Not stated, Queanbeyan-Palerang Regional Council area: 0.0% $3,000 or more, Queanbeyan-Palerang Regional Council area: 4.9% $2,000 - $2,999, Queanbeyan-Palerang Regional Council area: 9.0% $1,750 - $1,999, Queanbeyan-Palerang Regional Council area: 9.0% $1,500 - $1,749, Queanbeyan-Palerang Regional Council area: 14.8% $1,250 - $1,499, Queanbeyan-Palerang Regional Council area: 8.2% $1,000 - $1,249, Queanbeyan-Palerang Regional Council area: 17.2% $800 - $999, Queanbeyan-Palerang Regional Council area: 17.2% $650 - $799, Queanbeyan-Palerang Regional Council area: 4.9% $500 - $649, Queanbeyan-Palerang Regional Council area: 7.4% $400 - $499, Queanbeyan-Palerang Regional Council area: 0.0% $300 - $399, Queanbeyan-Palerang Regional Council area: 2.5% $150 - $299, Queanbeyan-Palerang Regional Council area: 4.9% $1 - $149, Queanbeyan-Palerang Regional Council area: 0.0% Negative Income/ Nil income, Queanbeyan-Palerang Regional Council area: 0.0%
Source: Australian Bureau of Statistics, Census of Population and Housing, 2016
Compiled and presented in economy.id by .id, the population experts.

Dominant groups

Analysis of the Financial and Insurance Services individual income levels in the Queanbeyan-Palerang Regional Council area in 2016 compared to NSW shows that there was a lower proportion earning a high income (those earning $1,750 per week or more) and a higher proportion of low income persons (those earning less than $500 per week).

Overall, 23.0% of the Financial and Insurance Services earned a high income, and 7.4% earned a low income, compared with 45.9% and 3.9% respectively for NSW.

The major differences between the weekly income of the Financial and Insurance Services in the Queanbeyan-Palerang Regional Council area and NSW were:

  • A larger percentage of local workers who earned $800 - $999 (17.2% compared to 8.7%)
  • A larger percentage of local workers who earned $1,000 - $1,249 (17.2% compared to 12.1%)
  • A smaller percentage of local workers who earned $3,000 or more (4.9% compared to 19.4%)
  • A smaller percentage of local workers who earned $2,000 - $2,999 (9.0% compared to 18.4%)

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