Key information about Australia Household Income per Capita

• Australia Annual Household Income per Capita reached 30,914.027 USD in Jun 2020, compared with the previous value of 34,767.371 USD in Jun 2018.
• Australia Annual Household Income per Capita data is updated yearly, available from Jun 1995 to Jun 2020, with an averaged value of 25,207.153 USD.
• The data reached an all-time high of 43,819.349 USD in Jun 2012 and a record low of 15,753.318 USD in Jun 2001.
• In the latest reports, Retail Sales of Australia grew 4.217 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from annual Weekly Average Household Income multiplied by 52, annual Number of Household and quarterly Total Population and converts it into USD. The Australian Bureau of Statistics provides Average Household Income in local currency, Number of Household and Total Population. Federal Reserve Board average market exchange rate is used for currency conversions. Household Income per Capita is in annual frequency, ending in June of each year. Household Income per Capita prior to 2008 based on 2017-2018 price.

Australia Household Income: Gross Disposable Income data was reported at 421,840.000 AUD mn in Dec 2024. This records a decrease from the previous number of 435,293.000 AUD mn for Sep 2024. Australia Household Income: Gross Disposable Income data is updated quarterly, averaging 72,770.500 AUD mn from Sep 1959 (Median) to Dec 2024, with 262 observations. The data reached an all-time high of 435,293.000 AUD mn in Sep 2024 and a record low of 2,931.000 AUD mn in Jun 1960. Australia Household Income: Gross Disposable Income data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A287: SNA08: Household Saving Ratio and Household Income.

As of August 2023, the median hourly earnings of employees in Australia were 39.5 Australian dollars. Since August 2000, the median hourly earnings of employees in Australia have increased by over 23 Australian dollars.

As of August 2023, the median weekly earnings of employees in Australia were 1,300 Australian dollars. Since August 1975, the median weekly earnings of employees in Australia have increased more than ten-fold.

Key information about Australia Monthly Earnings

• Australia Monthly Earnings stood at 4,026 USD in Nov 2024, compared with the previous figure of 3,903 USD in May 2024
• Australia Monthly Earnings data is updated semiannually, available from May 2012 to Nov 2024, with an average number of 3,740 USD
• The data reached the an all-time high of 4,560 USD in May 2013 and a record low of 3,344 USD in Nov 2015

CEIC calculates Monthly Earnings from Average Weekly Earnings multiplied by 4 and converts it into USD. The Australian Bureau of Statistics provides Average Weekly Earnings in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Monthly Earnings are in biannual frequency, ending in May and November of each year.


Further information about Australia Monthly Earnings

• In the latest reports, Australia Population reached 27 million people in Dec 2023
• Unemployment Rate of Australia increased to 4 % in Jan 2025
• The country's Labour Force Participation Rate dropped to 67 % in Jan 2025

With a median salary of around **** thousand Australian dollars in 2023, female dentistry graduates in Australia received the highest salary of all recent female university leavers. Pharmacy students received the lowest salary in the same year, with female graduates in this field reporting a salary of **** thousand Australian dollars.

Dentistry graduates in Australia received a median salary of approximately **** thousand Australian dollars, making this profession the highest earning of all study areas in the country in 2023. Despite high employment rates, pharmacy graduates received the lowest median salary at around **** thousand Australian dollars per year.

As of the first half of 2023, Australia had the highest net salaries in the Asia-Pacific region at an average ***** U.S. dollars per month. In contrast, the average monthly net salary in Pakistan amounted to *** U.S. dollars per month in the same period.

In 2024, Switzerland led the ranking of countries with the highest average wealth per adult, with approximately ******* U.S. dollars per person. The United States was ranked second with an average wealth of around ******* U.S. dollars per adult, followed by Hong Kong SAR. However, the figures do not show the actual distribution of wealth. The Gini index shows wealth disparities in countries worldwide. Does wealth guarantee a longer life? As the adage goes, “money can’t buy you happiness,” yet wealth and income are continuously correlated to the quality of life of individuals in different countries around the world. While greater levels of wealth may not guarantee a higher quality of life, it certainly increases an individual’s chances of having a longer one. Although they do not show the whole picture, life expectancy at birth is higher in the wealthier world regions. Does money bring happiness? A number of the world’s happiest nations also feature in the list of those countries for which average income was highest. Finland, however, which was the happiest country worldwide in 2022, is missing from the list of the top twenty countries with the highest wealth per adult. As such, the explanation for this may be the fact that a larger proportion of the population has access to a high-income relative to global levels. Measures of quality of life Criticism of the use of income or wealth as a proxy for quality of life led to the creation of the United Nations’ Human Development Index. Although income is included within the index, it also has other factors taken into account, such as health and education. As such, the countries with the highest human development index can be correlated to those with the highest income levels. That said, none of the above measures seek to assess the physical and mental environmental impact of a high quality of life sourced through high incomes. The happy planet index demonstrates that the inclusion of experienced well-being and ecological footprint in place of income and other proxies for quality of life results in many of the world’s materially poorer nations being included in the happiest.

In the fourth quarter of 2024, Launceston had the least affordable transport costs among regional areas across Australia, with the weekly average costs per household accounting for **** percent of income. Comparatively, average transport costs in Wagga Wagga accounted for approximately **** percent of the household income per week.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

In the fourth quarter of 2024, Hobart had the least affordable transport costs among Australia's capital cities, with the weekly average costs per household accounting for **** percent of income. Comparatively, average transport costs in Brisbane accounted for approximately **** percent of the average income per week.

The average price of Australian residential property has risen over the past ten years, and in June 2025, it reached over one million Australian dollars. Nonetheless, property experts in Australia have indicated that the country has been in a property bubble over the past decade, with some believing the market will collapse sometime in the near future. Property prices started declining in 2022; however, a gradual upward trend was witnessed throughout 2023, with minor fluctuations in 2024. Australian capital city price differences While the national average residential property price has exhibited growth, individual capital cities display diverse trends, highlighting the complexity of Australia’s property market. Sydney maintains its position as the most expensive residential property market across Australia's capital cities, with a median property value of approximately 1.19 million Australian dollars as of April 2025. Brisbane has emerged as an increasingly pricey capital city for residential property, surpassing both Canberra and Melbourne in median housing values. Notably, Perth experienced the most significant annual increase in its average residential property value, with a 10 percent increase from April 2024, despite being a comparably more affordable market. Hobart and Darwin remain the most affordable capital cities for residential properties in the country. Is the homeownership dream out of reach? The rise in property values coincides with the expansion of Australia's housing stock. In the June quarter of 2025, the number of residential dwellings reached around 11.37 million, representing an increase of about 53,600 dwellings from the previous quarter. However, this growth in housing supply does not necessarily translate to increased affordability or accessibility for many Australians. The country’s house prices remain largely disproportional to income, leaving the majority of low- and middle-income earners priced out of the market. Alongside this, elevated mortgage interest rates in recent years have made taking out a loan increasingly unappealing for many potential property owners, and the share of mortgage holders at risk of mortgage repayment stress has continued to climb.

The average price of Australian residential property has risen over the past ten years, and in December 2024, it reached 976,800 Australian dollars. Nonetheless, property experts in Australia have indicated that the country has been in a property bubble over the past decade, with some believing the market will collapse sometime in the near future. Property prices started declining in 2022; however, a gradual upward trend was witnessed throughout 2023, with minor fluctuations in 2024. Australian capital city price differences While the national average residential property price has exhibited growth, individual capital cities display diverse trends, highlighting the complexity of Australia’s property market. Sydney maintains its position as the most expensive residential property market across Australia's capital cities, with a median property value of approximately 1.19 million Australian dollars as of April 2025. Brisbane has emerged as an increasingly pricey capital city for residential property, surpassing both Canberra and Melbourne in median housing values. Notably, Perth experienced the most significant annual increase in its average residential property value, with a 10 percent increase from April 2024, despite being a comparably more affordable market. Hobart and Darwin remain the most affordable capital cities for residential properties in the country. Is the homeownership dream out of reach? The rise in property values coincides with the expansion of Australia's housing stock. In the December quarter of 2024, the number of residential dwellings reached around 11.29 million, representing an increase of about 53,200 dwellings from the previous quarter. However, this growth in housing supply does not necessarily translate to increased affordability or accessibility for many Australians. The country’s house prices remain largely disproportional to income, leaving the majority of low- and middle-income earners priced out of the market. Alongside this, elevated mortgage interest rates in recent years have made taking out a loan increasingly unappealing for many potential property owners, and the share of mortgage holders at risk of mortgage repayment stress has continued to climb.

Over the past 20 years, the share of the Australian population that holds a degree at a bachelor level or above has increased by more than six times, reaching 50.8 percent in 2022. Since May of 2023, however, that number has dropped to only 32 percent. In Australia, the tertiary education sector comprises both public and private institutions. The student body is comprised of both domestic and international students. University graduate employment Domestic students make up most of the graduates within Australia. The vast majority of graduates in 2022 found full-time employment after studying, with the fields of medicine, pharmacy and rehabilitation having the highest rates of employment post graduation. Dentistry graduates earned the highest median full-time salary of recent university graduates in the country. International study landscape International students are a rapidly growing segment of Australia’s tertiary education sector. The export income from international student activities amounted to just under 36.5 billion Australian dollars in 2023. Chinese students accounted for the largest share of international student enrollments in the same period. Students completing their studies at Australian universities are attracted to the prestige of obtaining a degree at some of the best universities in the world. Moreover, graduates have the opportunity to enter the Australian labor market and to apply for a permanent visa in the country.