** percent of Australians were in the wealth range between 100,000 and *********** U.S. dollars in 2020. Just *** percent of Australian adults had wealth of over *********** U.S. dollars, which was slightly less than the share of people who had under 10,000 U.S. dollars in wealth.

Wealth distribution in the Asia-Pacific

In 2020, China had the highest number of millionaires, followed by Japan and Australia. The number of millionaires in Australia was forecasted to increase from *** million to ************* by 2025. According to a source, among the Asia-Pacific countries, Australia ranked second in the share of wealth per adult. The source had revealed the wealth per adult in Australia was more than *** thousand U.S. dollars in 2020.

LGBTQ community of Australia

In 2020, a survey of working adults in Australia revealed that LGBTQ adults were employed in public services and the law enforcement across the country. On the one hand, more than ** percent of LGBTQ individuals had a role as as a team member, above ** percent of respondents answered that they were either team leader or supervisor.

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: Net Worth data was reported at 16,951.800 AUD bn in Dec 2024. This records an increase from the previous number of 16,808.100 AUD bn for Sep 2024. Australia Household: Net Worth data is updated quarterly, averaging 5,222.650 AUD bn from Sep 1988 (Median) to Dec 2024, with 146 observations. The data reached an all-time high of 16,951.800 AUD bn in Dec 2024 and a record low of 1,204.100 AUD bn in Sep 1988. Australia Household: Net Worth 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.AB045: SNA08: SESCA08: Balance Sheet: Households.

In the 2018 financial year, the 90th percentile in Australia had a household net worth reaching about 2.93 million Australian dollars. By comparison the 10th percentile had a household net worth of 31,400 Australian dollars.

In the 2018 financial year, the mean household balance of accounts with superannuation funds in Australia amounted to approximately 213.700 Australian dollars. Private trusts amounted to just over 40,000 Australian dollars.

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.

Australia Average Weekly Household Expenditure: Income Tax data was reported at 383.260 AUD in 2016. This records an increase from the previous number of 260.190 AUD for 2010. Australia Average Weekly Household Expenditure: Income Tax data is updated yearly, averaging 178.540 AUD from Jun 1984 (Median) to 2016, with 7 observations. The data reached an all-time high of 383.260 AUD in 2016 and a record low of 80.070 AUD in 1984. Australia Average Weekly Household Expenditure: Income Tax 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.H043: Household Expenditure Survey.

Australia Average Number of Dependent Children in Household: Multiple Family data was reported at 1.200 Person in 2020. This records a decrease from the previous number of 1.400 Person for 2018. Australia Average Number of Dependent Children in Household: Multiple Family data is updated yearly, averaging 1.300 Person from Jun 2004 (Median) to 2020, with 9 observations. The data reached an all-time high of 1.500 Person in 2016 and a record low of 1.200 Person in 2020. Australia Average Number of Dependent Children in Household: Multiple Family 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.H039: Survey of Income and Housing: Average Number of Dependent Children in Household: by Family Composition.

Disposable Personal Income in Australia increased to 424884 AUD Million in the first quarter of 2025 from 415014 AUD Million in the fourth quarter of 2024. This dataset provides - Australia Disposable Personal Income - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the 2018 financial year, the average gross weekly household income in New South Wales, Australia was 2,445 Australian dollars and an equivalized disposable income of 1,232 Australian dollars. The state or territory with the lowest gross income and the only one with an average gross income below 2,000 Australian dollars was Tasmania.

About this dataset

Context

The dataset presents the median household income across different racial categories in Au Sable charter township. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. The dataset can be utilized to gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories.

Key observations

Based on our analysis of the distribution of Au Sable charter township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 94.09% of the total residents in Au Sable charter township. Notably, the median household income for White households is $46,614. Interestingly, White is both the largest group and the one with the highest median household income, which stands at $46,614.

https://i.neilsberg.com/ch/au-sable-charter-township-mi-median-household-income-by-race.jpeg" alt="Au Sable charter township median household income diversity across racial categories">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Au Sable charter township.
• Median household income: Median household income, adjusting for inflation, presented in 2022-inflation-adjusted dollars

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Au Sable charter township median household income by race. You can refer the same here

Average Number of Persons in Household: Multiple Family data was reported at 5.300 Person in 2020. This records a decrease from the previous number of 5.500 Person for 2018. Average Number of Persons in Household: Multiple Family data is updated yearly, averaging 5.300 Person from Jun 2004 (Median) to 2020, with 9 observations. The data reached an all-time high of 5.500 Person in 2018 and a record low of 5.100 Person in 2008. Average Number of Persons in Household: Multiple Family 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.H037: Survey of Income and Housing: Average Number of Persons in Household: by Age.

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.

Household Saving Rate in Australia increased to 5.20 percent in the first quarter of 2025 from 3.90 percent in the fourth quarter of 2024. This dataset provides - Australia Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the estimated wealth per adult in Hong Kong was approximately ******* U.S. dollars, the highest level of wealth per adult in the Asia-Pacific region. This was followed by Australia, at around ******* U.S. dollars per adult.

Australia Household Income: Trend: Gross Disposable Income data was reported at 310,021.000 AUD mn in Mar 2019. This records an increase from the previous number of 307,715.000 AUD mn for Dec 2018. Australia Household Income: Trend: Gross Disposable Income data is updated quarterly, averaging 62,425.000 AUD mn from Sep 1959 (Median) to Mar 2019, with 239 observations. The data reached an all-time high of 310,021.000 AUD mn in Mar 2019 and a record low of 3,087.000 AUD mn in Sep 1959. Australia Household Income: Trend: 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.A288: SNA08: Household Saving Ratio and Household Income: Trend.

Australia: Gini income inequality index: The latest value from 2018 is 34.3 index points, an increase from 33.7 index points in 2016. In comparison, the world average is 35.68 index points, based on data from 91 countries. Historically, the average for Australia from 1981 to 2018 is 33.52 index points. The minimum value, 31.3 index points, was reached in 1981 while the maximum of 35.4 index points was recorded in 2008.

Australia Equivalised Disposable Income: Share: Lowest Quintile data was reported at 7.400 % in 2020. This records a decrease from the previous number of 7.500 % for 2018. Australia Equivalised Disposable Income: Share: Lowest Quintile data is updated yearly, averaging 7.700 % from Jun 1995 (Median) to 2020, with 16 observations. The data reached an all-time high of 8.300 % in 1997 and a record low of 7.300 % in 2008. Australia Equivalised Disposable Income: Share: Lowest Quintile 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.H028: Survey of Income and Housing: Equivalized Disposable Household Income.

Australia: Bank assets, percent of GDP: The latest value from 2021 is 148.18 percent, a decline from 163.7 percent in 2020. In comparison, the world average is 71.17 percent, based on data from 140 countries. Historically, the average for Australia from 1960 to 2021 is 75.05 percent. The minimum value, 33.8 percent, was reached in 1960 while the maximum of 163.7 percent was recorded in 2020.

Australia Average Number of Persons in Household: One Family: Other: Age: Under 18 Years data was reported at 0.000 Person in 2020. This stayed constant from the previous number of 0.000 Person for 2018. Australia Average Number of Persons in Household: One Family: Other: Age: Under 18 Years data is updated yearly, averaging 0.100 Person from Jun 2001 (Median) to 2020, with 11 observations. The data reached an all-time high of 0.600 Person in 2001 and a record low of 0.000 Person in 2020. Australia Average Number of Persons in Household: One Family: Other: Age: Under 18 Years 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.H037: Survey of Income and Housing: Average Number of Persons in Household: by Age.