The Average Salary chart presents a clear visualization of the salary progression for graduates from Hampden-Sydney College from 2020 to 2023, illustrating the yearly average salary trends. Additionally, the chart compares these figures with the overall average salary trends of graduates from all schools, providing a comprehensive view of how Hampden-Sydney College’s graduates stand in terms of earning potential relative to their peers nationwide. This data is crucial for prospective students assessing the ROI of their education at Hampden-Sydney College.

In 2024, the average annual wage in Australia had reached ******* Australian dollars. Since 2000, the average wage in Australia has increased by around ****** Australian dollars. Since 2018, the average wage in Australia has remained fairly stagnant.

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.

In 2022, Sydney was listed as the second-least affordable city worldwide in terms of housing affordability, as well as the most unaffordable capital city for houses in Australia, with a median multiple house price relative to income value of ****, meaning that housing prices in Sydney were over ** times the average annual gross median household income.

Between March 2024 and March 2025, wages in Australia declined by around 0.6 percent. Wage growth in recent years has been relatively low in comparison to previous years, in particular in December 2020, which only saw a wage growth of 1.3%. Inflation and CPI outstripping wages While wages have increased in Australia, they have still not matched the rate of inflation, which was sitting at 2.4 percent at the end of 2024, down from a high of 7.8 percent at the end of 2022. The high cost of goods has also put pressure on the public, with the Consumer Price Index standing at around 139.4 points, compared to a base year of 2011-12. Rent is on the rise As with many around the world, Australians are also feeling the costs of rent increases. The majority of people in Australia perceive that the cost of rent has risen significantly in their local area. This in turn has seen the government expenditure on rental assistance continue to be high, with around 4.7 billion Australian dollars spent to assist the Australian public in maintaining their housing needs.

As at February 2025, couples aged 25 to 34 years old in Sydney, Australia spent an average of around **** percent of their household income on mortgage repayments for an entry-priced house. In comparison, couples in the same age bracket in Darwin were spending around **** percent of their household income on mortgage repayments for a house.

The house price-to-income ratio in Australia was ***** as of the first quarter of 2025. This ratio, calculated by dividing nominal house prices by nominal disposable income per head, increased from the previous quarter. The price-to-income ratio can be used to measure housing affordability in a specific area. Australia's property bubble There has been considerable debate over the past decade about whether Australia is in a property bubble or not. A property bubble refers to a sharp increase in the price of property that is disproportional to income and rental prices, followed by a decline. In Australia, rising house prices have undoubtedly been an issue for many potential homeowners, pricing them out of the market. Along with the average house price, high mortgage interest rates have exacerbated the issue. Is the homeownership dream out of reach? Housing affordability has varied across the different states and territories in Australia. In 2024, the median value of residential houses was the highest in Sydney compared to other major Australian cities, with Brisbane becoming an increasingly expensive city. Nonetheless, expected interest rate cuts in 2025, alongside the expansion of initiatives to improve Australia's dwelling stock, social housing supply, and first-time buyer accessibility to properties, may start to improve the situation. These encompass initiatives such as the Australian government's Help to Buy scheme and the Housing Australia Future Fund Facility (HAFFF) and National Housing Accord Facility (NHAF) programs.

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