Upper Lachlan Shire

Sources of income

Households in Upper Lachlan Shire have a lower 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.

Data source

National Economics (NIEIR) - Modelled series

Current benchmark:
Comparison year:
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Sources of income per household
Upper Lachlan Shire2022/232017/18Change
Economic measure$New South Wales$$ New South Wales$2017/18 to 2022/23
Wages & salaries75,296.67101,961.1770,174.6695,550.99+5,122
Property income18,668.4125,697.1119,568.0624,196.07-900
Business income31,770.4216,595.2338,201.0820,202.44-6,431
Superannuation11,956.3114,034.3912,862.5014,164.33-906
Cash benefits15,637.7414,588.3119,638.2816,042.27-4,001
Total income before tax153,329.55172,876.20160,444.58170,156.10-7,115
Tax paid-26,304.37-32,759.67-24,332.47-28,960.92-1,972
Interest paid-6,824.15-10,727.51-4,553.19-9,053.23-2,271
Other payments/statistical discrepancy21,420.7021,529.1815,403.9117,596.84+6,017
Total disposable income141,621.72151,018.20146,962.84149,838.78-5,341
Ratio of cash benefits to tax paid0.590.450.810.550

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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Upper Lachlan Shire

economic profile