Toowoomba

Sources of income

Households in Toowoomba have a lower amount of disposable income compared to Queensland.

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

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Sources of income per household
Toowoomba2022/232017/18Change
Economic measure$Queensland$$ Queensland$2017/18 to 2022/23
Wages & salaries83,207.9393,187.8479,613.3588,162.60+3,595
Property income16,014.4121,018.7015,133.8119,758.75+881
Business income22,245.6716,474.9220,819.2516,815.48+1,426
Superannuation7,610.5511,479.547,893.9211,566.60-283
Cash benefits18,653.8015,654.6919,222.3016,973.91-569
Total income before tax147,732.35157,815.69142,682.63153,277.34+5,050
Tax paid-24,595.91-26,796.12-21,131.82-23,414.54-3,464
Interest paid-8,669.13-10,158.24-8,708.91-9,343.37+40
Other payments/statistical discrepancy19,450.2317,605.8915,543.6113,872.99+3,907
Total disposable income133,917.54138,567.22128,385.52134,492.41+5,532
Ratio of cash benefits to tax paid0.760.580.910.720

Source: National Institute of Economic and Industry Research (NIEIR) ©2024. ©2023. Compiled and presented in economy.id by .id (informed decisions).Data are based on a 2020/21 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
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Toowoomba Regional Council

economic profile