Randwick City CouncilEconomic profile
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Randwick City

Sources of income

Households in Randwick City have a higher amount of disposable income compared to New South Wales.

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
Randwick City2015/162010/11Change
Name$New South Wales $$New South Wales $2010/11 to 2015/16
Wages & salaries105,492.5885,651.62101,970.6883,369.06+3,522
Property income23,611.5219,920.9624,650.1421,023.86-1,039
Business income30,911.1821,247.8923,311.9515,857.92+7,599
Cash benefits10,648.1616,932.0110,655.7215,844.29-8
Total income before tax184,154.75155,584.86173,038.14147,109.12+11,117
Tax paid-34,761.65-24,413.74-28,688.29-20,560.10-6,073
Interest paid-11,341.86-9,135.35-15,457.78-12,904.10+4,116
Other payments/statistical discrepancy17,862.6916,793.5418,197.1015,917.23-334
Total disposable income155,913.93138,929.31147,089.18129,662.15+8,825
Ratio of cash benefits to tax paid0.310.690.370.77--

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

Data is based on 2014-15 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.

Sources of income per household
Sources of income per household New South Wales, Cash benefits: 10.9% New South Wales, Superannuation: 7.6% New South Wales, Business income: 13.7% New South Wales, Property income: 12.8% New South Wales, Wages & salaries: 55.1% Randwick City, Cash benefits: 5.8% Randwick City, Superannuation: 7.3% Randwick City, Business income: 16.8% Randwick City, Property income: 12.8% Randwick City, Wages & salaries: 57.3%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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