In 2022, the average annual wage had reached 59,408 U.S. dollars in Australia. Since 2000, the average wage in Australia has increased by around 10,000 U.S. dollars. Since 2011, the average wage in Australia has remained fairly stagnant.

Wages in Manufacturing in Australia increased to 1740.70 AUD/Week in the fourth quarter of 2024 from 1668.60 AUD/Week in the second quarter of 2024. This dataset provides - Australia Average Weekly Wages In Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Australia increased to 1510.90 AUD/Week in the fourth quarter of 2024 from 1480.90 AUD/Week in the second quarter of 2024. This dataset provides - Australia Average Weekly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

As of August 2023, the mean weekly earnings of full-time employees in Australia were 1,885.6 Australian dollars. This is an increase of 62 Australian dollars a week.

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.

Explore the progression of average salaries for graduates in The University Of Melbourne from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of The University Of Melbourne relative to other fields. This data is essential for students assessing the return on investment of their education in The University Of Melbourne, providing a clear picture of financial prospects post-graduation.

About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Melbourne. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2013 and 2023, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

• White: In Melbourne, the median household income for the households where the householder is White increased by $11,775(21.38%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $55,064 in 2013 and $66,839 in 2023.
• Black or African American: In Melbourne, the median household income for the households where the householder is Black or African American increased by $1,109(2.91%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $38,155 in 2013 and $39,264 in 2023.
• Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 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 Melbourne.
• 2010: 2010 median household income
• 2011: 2011 median household income
• 2012: 2012 median household income
• 2013: 2013 median household income
• 2014: 2014 median household income
• 2015: 2015 median household income
• 2016: 2016 median household income
• 2017: 2017 median household income
• 2018: 2018 median household income
• 2019: 2019 median household income
• 2020: 2020 median household income
• 2021: 2021 median household income
• 2022: 2022 median household income
• 2023: 2023 median household income
• Please note: All incomes have been adjusted for inflation and are presented in 2023-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 Melbourne median household income by race. You can refer the same here

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.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in Melbourne. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in Melbourne. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2023

In terms of income distribution across age cohorts, in Melbourne, householders within the 45 to 64 years age group have the highest median household income at $38,194, followed by those in the under 25 years age group with an income of $33,750. Meanwhile householders within the 25 to 44 years age group report the second lowest median household income of $33,438. Notably, householders within the 65 years and over age group, had the lowest median household income at $31,563.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific age group

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 Melbourne median household income by age. You can refer the same here

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Melbourne Beach, FL, 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 12,281, while the mean income for the highest quintile (20% of households with the highest income) is 373,563. This indicates that the top earners earn 30 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 782,573, which is 209.49% higher compared to the highest quintile, and 6372.23% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 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 2023 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 Melbourne Beach median household income. You can refer the same here

Graph and download economic data for Average Weekly Wages for Employees in Total Covered Establishments in Palm Bay-Melbourne-Titusville, FL (MSA) (ENUC373440010SA) from Q1 1990 to Q3 2024 about Palm Bay, covered, establishments, average, FL, wages, employment, and USA.

About this dataset

Context

The dataset illustrates the median household income in Melbourne, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2023, the median household income for Melbourne decreased by $3,789 (5.39%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 5 years and declined for 8 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 0223

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2023
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2023 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

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 Melbourne median household income. You can refer the same here

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 52.2 thousand Australian dollars per year.

As of July 1, 2023, the national hourly minimum wage in Australia was 23.23 Australian dollars. This represents an increase of three dollars and thirty-nine cents compared to 2020, and continues the pattern of year on year growth. The hourly national minimum wage has increased by just under five Australian dollars since 2017.

Graph and download economic data for Average Weekly Wages for Employees in State Government Establishments in Palm Bay-Melbourne-Titusville, FL (MSA) (ENUC373440210) from Q1 1990 to Q3 2024 about Palm Bay, state govt, establishments, average, FL, wages, government, employment, and USA.

Average Weekly Wages for Employees in Total Covered Establishments in Palm Bay-Melbourne-Titusville, FL (MSA) was 1114.64216 $ per Week in July of 2021, according to the United States Federal Reserve. Historically, Average Weekly Wages for Employees in Total Covered Establishments in Palm Bay-Melbourne-Titusville, FL (MSA) reached a record high of 1116.79283 in October of 2020 and a record low of 439.79176 in April of 1990. Trading Economics provides the current actual value, an historical data chart and related indicators for Average Weekly Wages for Employees in Total Covered Establishments in Palm Bay-Melbourne-Titusville, FL (MSA) - last updated from the United States Federal Reserve on March of 2025.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in Melbourne Village. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in Melbourne Village. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2023

In terms of income distribution across age cohorts, in Melbourne Village, the median household income stands at $141,250 for householders within the 25 to 44 years age group, followed by $121,250 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $83,750.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific age group

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 Melbourne Village median household income by age. You can refer the same here

Average Hourly Earnings of All Employees: Total Private in Palm Bay-Melbourne-Titusville, FL (MSA) was 33.49000 $ per Hour in February of 2022, according to the United States Federal Reserve. Historically, Average Hourly Earnings of All Employees: Total Private in Palm Bay-Melbourne-Titusville, FL (MSA) reached a record high of 33.49000 in February of 2022 and a record low of 20.22000 in November of 2011. Trading Economics provides the current actual value, an historical data chart and related indicators for Average Hourly Earnings of All Employees: Total Private in Palm Bay-Melbourne-Titusville, FL (MSA) - last updated from the United States Federal Reserve on February of 2025.

The house price-to-income ratio in Australia was 122.1 as of the third quarter of 2024. 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.