Willoughby City

Sources of income

Households in Willoughby City have a higher 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
Willoughby City2021/222016/17Change
Economic measure$New South Wales$$ New South Wales$2016/17 to 2021/22
Wages & salaries164,538.5699,087.30144,839.7693,164.91+19,699
Property income39,928.0921,997.0738,563.2322,774.45+1,365
Business income63,551.7922,169.7837,277.7221,098.88+26,274
Superannuation21,478.4513,816.5417,293.5213,416.39+4,185
Cash benefits9,666.3617,318.449,704.1216,557.82-38
Total income before tax299,163.24174,389.13247,678.35167,012.45+51,485
Tax paid-70,789.42-31,055.99-53,329.41-27,711.09-17,460
Interest paid-9,961.27-5,990.44-15,134.68-8,827.85+5,173
Other payments/statistical discrepancy29,899.8115,327.2232,586.6417,232.92-2,687
Total disposable income248,312.37152,769.92211,800.90147,806.44+36,511
Ratio of cash benefits to tax paid0.140.560.180.600

Source: National Institute of Economic and Industry Research (NIEIR) ©2023. ©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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Willoughby City Council

economic profile