In 2024, high-income earners accounted for almost ** percent of all fine jewelry purchases across Australia. Fine jewelry is traditionally made from expensive materials, precious metals, and stones and is therefore considered a luxury item for many.

This report analyses the proportion of after-tax disposable income that is generated by households that are classified as high income earners. High income earners are defined as households that fall into the highest quintile for disposable income. To calculate the share of income that is made by high income earners, the mean income of all households in the highest quintile is divided by the sum of the mean income of each quintile. Data for this report is sourced from the Australian Bureau of Statistics and is presented in financial years.

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 Equivalised Disposable Income: Share: Highest Quintile data was reported at 39.800 % in 2020. This records a decrease from the previous number of 40.400 % for 2018. Australia Equivalised Disposable Income: Share: Highest Quintile data is updated yearly, averaging 38.950 % from Jun 1995 (Median) to 2020, with 16 observations. The data reached an all-time high of 41.000 % in 2008 and a record low of 37.100 % in 1997. Australia Equivalised Disposable Income: Share: Highest 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.

This statistic shows the sales share of Costco in Australia in 2017, by household income. High income households contributed to approximately 69.7 percent of Costco sales in Australia for 2017.

In 2022, the wealthiest top one percent of Australians held 9.9 percent of the national income. The bottom 50 percent of Australians had 17.2 percent of the national income.

Australia Percentage of Households: One Family: Other: Source of Income: Wages And Salaries data was reported at 71.700 % in 2020. This records an increase from the previous number of 68.600 % for 2018. Australia Percentage of Households: One Family: Other: Source of Income: Wages And Salaries data is updated yearly, averaging 72.150 % from Jun 2003 (Median) to 2020, with 10 observations. The data reached an all-time high of 79.500 % in 2003 and a record low of 68.600 % in 2018. Australia Percentage of Households: One Family: Other: Source of Income: Wages And Salaries 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.H040: Survey of Income and Housing: Percentage of Households: by Source of Income.

Merchandise imports from high-income economies (% of total merchandise imports) in Australia was reported at 54.02 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Merchandise imports from high-income economies (% of total merchandise imports) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

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.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Au Sable, New York, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 18,502, while the mean income for the highest quintile (20% of households with the highest income) is 208,499. This indicates that the top earners earn 11 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 370,673, which is 177.78% higher compared to the highest quintile, and 2003.42% higher compared to the lowest quintile.

Content

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

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2022 inflation-adjusted dollars for the specific income level.

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 town median household income. You can refer the same here

A multi-millionaire is defined as someone owning 10 million U.S. dollars or more. It was forecasted that there would be almost 18 thousand individuals in Australia defined as multi-millionaires by 2026. This is in line with the country’s growing economy over the years as well as the growing wealth inequality that was becoming a cause for concern in the island nation.

Distribution of the wealthy

As a rich country with plenty of natural resources and a high Human Development Index, Australia had always had a large number of high net-worth individuals or HNWIs. There were over ten thousand millionaires including a couple dozen of billionaires, with these figures expected to grow significantly over the next few years.

Income inequality

Despite the increase of wealth and economic growth, there was a concern at the level of poverty and homelessness due to the rising wealth inequality nationally. The number of homeless people living in Australia had only been increasing with more than a hundred thousand people currently without shelter. Furthermore, most of the wealth was being pushed from the country to the cities, affecting the livelihood of those living in the countryside or outback.

Percentage of Households: One Family: Other: Source of Income: Other Income data was reported at 7.400 % in 2020. This stayed constant from the previous number of 7.400 % for 2018. Percentage of Households: One Family: Other: Source of Income: Other Income data is updated yearly, averaging 6.400 % from Jun 2003 (Median) to 2020, with 10 observations. The data reached an all-time high of 8.200 % in 2016 and a record low of 3.300 % in 2003. Percentage of Households: One Family: Other: Source of Income: Other 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.H040: Survey of Income and Housing: Percentage of Households: by Source of Income.

The average for 2021 based on 1 countries was 22 percent. The highest value was in Tonga: 22 percent and the lowest value was in Tonga: 22 percent. The indicator is available from 1963 to 2023. Below is a chart for all countries where data are available.

Dentistry graduates in Australia received a median salary of approximately 100 thousand Australian dollars, making this profession the highest earning of all study areas in the country in 2022. Despite high employment rates, pharmacy graduates received the lowest median salary at around **** thousand Australian dollars per year.

In financial year 2020, over 460 thousand households in Australia had a gross weekly household income of 6,000 Australian dollars or more. On the other end of the spectrum, over 30,000 households had a negative income and around over 32,000 had no income.

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

Australia Exports: High-Income Economies: % of Total Goods Exports data was reported at 45.935 % in 2023. This records a decrease from the previous number of 52.470 % for 2022. Australia Exports: High-Income Economies: % of Total Goods Exports data is updated yearly, averaging 77.165 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 85.589 % in 1960 and a record low of 45.935 % in 2023. Australia Exports: High-Income Economies: % of Total Goods Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Exports. Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.;World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.;Weighted average;

Merchandise exports to high-income economies (% of total merchandise exports) in Australia was reported at 45.93 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Merchandise exports to high-income economies (% of total merchandise exports) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

In financial year 2020, over two million people in Australia had a disposable personal income of 2,000 Australian dollars or more per week. On the other end of the spectrum, around 400,000 people had 99 Australian dollars or less in disposable income on a weekly basis.

Between December 2022 and December 2023, wages in Australia grew by around 4.2 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 4.1 percent at the end of 2023, down from a high of 7.8 percent at the end of the previous year. The high cost of goods has also put pressure on the public, with the Consumer Price Index standing at around 136 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.