RDA Yorke and Mid North RegionEconomic profile
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Wakefield Regional Council area

Sources of income

Households in Wakefield Regional Council area have a higher amount of disposable income compared to Regional SA.

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
Wakefield Regional Council area2017/182012/13Change
Name$Regional SA $$Regional SA $2012/13 to 2017/18
Wages & salaries50,969.1556,826.9848,890.6856,857.48+2,078
Property income12,950.4813,775.3610,764.4612,960.96+2,186
Business income70,779.8027,006.9157,160.6120,865.20+13,619
Superannuation8,760.528,284.815,900.106,829.74+2,860
Cash benefits17,434.9921,480.7921,407.5620,208.65-3,973
Total income before tax160,894.93127,374.84144,123.41117,722.03+16,772
Tax paid-25,157.02-17,473.98-18,877.55-14,740.86-6,279
Interest paid-4,430.76-5,461.93-5,742.88-6,955.68+1,312
Other payments/statistical discrepancy20,487.7112,666.9220,782.1913,528.90-294
Total disposable income151,794.86117,205.86140,285.16109,654.39+11,510
Ratio of cash benefits to tax paid0.691.231.131.37--

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. 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

Sources of income per household
Sources of income per household Wakefield Regional Council area, Cash benefits: 10.8% Wakefield Regional Council area, Superannuation: 5.4% Wakefield Regional Council area, Business income: 44.0% Wakefield Regional Council area, Property income: 8.0% Wakefield Regional Council area, Wages & salaries: 31.7% Regional SA, Cash benefits: 16.9% Regional SA, Superannuation: 6.5% Regional SA, Business income: 21.2% Regional SA, Property income: 10.8% Regional SA, Wages & salaries: 44.6%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

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