City of Vincent

Sources of income

Households in the City of Vincent have a higher amount of disposable income compared to Western Australia.

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
City of Vincent2018/192013/14Change
Economic measure$Western Australia$$ Western Australia$2013/14 to 2018/19
Wages & salaries120,312.34101,290.94128,427.78110,556.85-8,115
Property income21,357.4519,684.8923,856.6821,776.56-2,499
Business income26,116.9721,604.3216,653.9015,903.91+9,463
Superannuation12,800.3811,632.1613,104.4012,347.42-304
Cash benefits7,317.6913,513.557,741.2914,336.29-424
Total income before tax187,904.82167,725.86189,784.06174,921.03-1,879
Tax paid-37,839.68-29,539.57-37,364.08-29,367.19-476
Interest paid-11,545.60-9,118.56-14,156.64-11,813.98+2,611
Other payments/statistical discrepancy20,460.3917,095.4323,406.0220,290.48-2,946
Total disposable income158,979.93146,263.16161,669.35154,130.34-2,689
Ratio of cash benefits to tax paid0.190.460.210.490

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. 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

Please refer to specific data notes for more information

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City of Vincent

economic profile