As I have posted before forget about the heavily skewed "average" income and use the "median" income for a true picture...
Are you one of the 'everyday Australians' we hear politicians talking about?
Key points:
- The median income in Australia is $48,360 before tax
- Low income earners are struggling to pay bills or meet healthcare needs with some returning to work in their 70s
- Sliding into debt becomes very easy for those trying to work and afford child care or health insurance
If you earn any more than $50,000 per year, you have already stepped out of the 'average Aussie' bracket.
The median income in Australia is $48,360 before tax, according to a report released by the Australian Bureau of Statistics this month that analysed data from the 2016/2017 financial year.
In regional areas, that figure is far lower.
The most marked difference is in the Northern Territory, where Darwin city dwellers' median income is $61,375, compared to $52,420 for the rest of the territory.
The highest median income is found in the Australian Capital Territory, at $63,038.
Tasmanian workers have the lowest median income, at $44,437.
