Scenic Rim Regional Council
Local workers - Individual income - Financial and Insurance Services
In the Scenic Rim Regional Council, 11.9% 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 Scenic Rim Regional Council 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|
|Scenic Rim Regional Council - Financial and Insurance Services||2016|
|Gross weekly individual income||Number||%||Construction %|
|Negative Income/ Nil income||0||0.0||0.9||3101|
|$1 - $149||3||2.2||1.7||3102|
|$150 - $299||0||0.0||2.9||3103|
|$300 - $399||5||3.7||4.4||3104|
|$400 - $499||8||5.9||4.5||3105|
|$500 - $649||20||14.8||9.2||3106|
|$650 - $799||12||8.9||10.7||3107|
|$800 - $999||21||15.6||15.8||3108|
|$1,000 - $1,249||28||20.7||19.4||3109|
|$1,250 - $1,499||12||8.9||11.2||3110|
|$1,500 - $1,749||10||7.4||8.4||3111|
|$1,750 - $1,999||5||3.7||3.3||3112|
|$2,000 - $2,999||5||3.7||3.7||3113|
|$3,000 or more||6||4.4||1.5||3114|
Source: Australian Bureau of Statistics, Census of Population and Housing (opens a new window) 2016. Compiled and presented by .id (opens a new window), the population experts.
Analysis of the Financial and Insurance Services individual income levels in the Scenic Rim Regional Council in 2016 compared to the Construction workforce within Scenic Rim Regional Council shows that there was a higher proportion earning a high income (those earning $1,750 per week or more) and a lower proportion of low income persons (those earning less than $500 per week).
Overall, 11.9% of the Financial and Insurance Services earned a high income, and 11.9% earned a low income, compared with 8.4% and 14.4% respectively for the Construction workforce within Scenic Rim Regional Council.
The major differences between the weekly income of the Financial and Insurance Services in the Scenic Rim Regional Council and the Construction workforce were:
- A larger percentage of local workers who earned $500 - $649 (14.8% compared to 9.2%)
- A larger percentage of local workers who earned $3,000 or more (4.4% compared to 1.5%)
- A smaller percentage of local workers who earned $150 - $299 (0.0% compared to 2.9%)
- A smaller percentage of local workers who earned Not stated (0.0% compared to 2.5%)