Median household income in Australia and New Zealand
 | This article needs to be updated. (March 2018) |
Median household income is commonly used to measure the relative prosperity of populations in different geographical locations. It divides households into two equal segments with the first half of households earning less than the median household income and the other half earning more.
New Zealand and Australia are gradually being economically integrated through a process known as "Closer Economic Relations (CER)". Their citizens are free to travel, live and work in either country. Information about their relative median household incomes is of interest, especially for those considering migration.
The latest release shows that the median gross household income in 2013–2014 was $80,704, and the average of all households was $107,276.[1]
Median household income in NZ 2004–2008
[edit]Median weekly household income in New Zealand increased at a rate of about 3.5% a year from 2004 to 2008. In June 2004 it was (NZ)$992,[2] June 2005 was $1,040,[3] June 2006 was $1,129,[4] June 2007 was $1,203,[5] June 2008 was $1,271.[6]
Median household income in NZ 2009–2011
[edit]Median weekly household income in New Zealand fell slightly or stagnated from 2009 to 2010 during the "great recession" period. In June 2009 it was $1,234[7] and June 2010 it was $1,236.[8] In 2011 household incomes recovered to beyond the high of 2008 again – median weekly household incomes increased again to $1,289.[9]
Median household income in 2007–2008
[edit]Income data for each state (or territory) has been converted to U.S. dollars using purchasing power parity for private and public consumption.[10] This is done because it provides a more accurate and stable assessment of the true value of citizens' incomes in diverse countries.
| Location | Population | Median household income (local currency) | Median household income (PPP US$) |
|---|---|---|---|
| Australia | 19,855,328 | $66,820[citation needed] | $43,960 |
| New South Wales | 6,549,177 | $66,820 | $43,960 |
| Victoria | 4,932,422 | $66,872 | $43,994 |
| Queensland | 3,904,532 | $68,276 | $44,918 |
| Western Australia | 1,959,084 | $72,800 | $47,894 |
| South Australia | 1,514,377 | $55,848 | $36,742 |
| Australian Capital Territory | 324,034 | $91,624 | $60,278 |
| Northern Territory | 192,898 | $86,788 | $57,097 |
| Tasmania | 476,481 | $50,705 | |
| New Zealand | 4,100,000 | $67,028 [11] (Average, not median) | $44,985 |
Main source: Australian Bureau of Statistics, Household Income and Income Distribution, Australia 2007–08 .[12] Note : The NZ figure is Average Household Income and not Median Household Income. No source for Median Income found. The figure for NZ Median Household Income is likely to be slightly less. Note: GDP per capita cannot be used to predict median household income (See median household income).
Median household income in 2011–2012
[edit]There were no significant changes in income between 2009–10 and 2011–12.[13]
| Location | Population | Median household income (local currency)[14][15] | Median household income (PPP US$) |
|---|---|---|---|
| Australia | A$47,736 | ||
| Australian Capital Territory | |||
| Northern Territory | |||
| Western Australia | |||
| Queensland | |||
| Victoria | |||
| New South Wales | |||
| South Australia | |||
| Tasmania | |||
| New Zealand |
Median gross household income in 2013–2014
[edit]The median gross household income in 2013–2014 was $80,704.[1]
Median gross household income in 2017–2018
[edit]The median gross household income in 2017-2018 is A$1,701 per week or A$88,695 per year. As of 30 June 2018 (end of fiscal year), one Australia dollar is equivalent of 0.7406 U.S. dollar. Using this exchange rate, the median gross household income in Australia is US$65,687 in 2017–18.[16]
See also
[edit]- Economy of Australia
- Homelessness in Australia
- Home-ownership in Australia
- List of Australian states and territories by gross state product
- Median household income
- Poverty in Australia
References
[edit]- ^ a b "Australia's rich are getting richer. Everyone else is stagnating". The Guardian. 10 September 2015. ISSN 0261-3077. Retrieved 9 March 2016.
- ^ "New Zealand Income Survey (June 2004 quarter)". Archived from the original on 30 January 2016. Retrieved 16 May 2016.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 23 February 2013. Retrieved 16 May 2016.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "Archived copy" (PDF). Archived from the original (PDF) on 22 February 2013. Retrieved 16 May 2016.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "Archived copy" (PDF). Archived from the original (PDF) on 22 February 2013. Retrieved 16 May 2016.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "Archived copy" (PDF). Archived from the original (PDF) on 22 February 2013. Retrieved 16 May 2016.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "New Zealand Income Survey: June 2010 quarter". www.stats.govt.nz.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 22 February 2013. Retrieved 16 May 2016.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "Archived copy" (PDF). Archived from the original (PDF) on 5 July 2017. Retrieved 16 May 2016.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ PPPs and exchange rates
- ^ "June 2011 Income Survey". Statistics New Zealand. 1 June 2011. Retrieved 10 December 2011.
- ^ "Household Income and Income Distribution, Australia, 2007–08". 20 August 2009. Retrieved 8 September 2009.
- ^ "Household Income and Income Distribution, Australia, 2011–12 - Summary of Findings". Australian Bureau of Statistics. Retrieved 9 April 2015.
- ^ "Household Income and Income Distribution, Australia, 2011–12" (PDF). Australian Bureau of Statistics. Retrieved 9 April 2015.
- ^ "New Zealand Income Survey: June 2012 quarter". Statistics New Zealand. Retrieved 9 April 2015.
- ^ Statistics, c=AU; o=Commonwealth of Australia; ou=Australian Bureau of (12 July 2019). "Main Features - Key Findings". www.abs.gov.au. Retrieved 13 August 2020.
{{cite web}}: CS1 maint: multiple names: authors list (link)