Income and wealth distribution by state

Monday, September 12, 2016

High wealth, high income

What are the high wealth, high income states? Western Australia is leading in terms of both income and wealth, with $133,224 and $952,500 respectively, which is well above the average household annual gross income of $107,276 and average household net worth of $809,900.

However, over the last year particularly, the impact of the mining slowdown has affected earnings and also wealth. The reliance on the mining sector and the fluctuation of income and wealth based on the fortunes of this one sector are highlighted in the fact that between 2012 and 2014, the household incomes of those in Western Australia rose by 21% which was almost double that seen in the leading east coast state of New South Wales, and the wealth in this 2 year period increased by 24%, again almost double on what we saw from the best performing east coast states.

Top performing states

New South Wales is the most consistent performer in wealth and income, and the only other state to have both income and wealth about the national average (12% on income and 13% on wealth). It has a stable economy, with the largest infrastructure investments in the nation, a broad base of industries and consequently solid forward forecasts.

The Northern Territory, like Western Australia has been fluctuating, and while it has average income above the national average, its wealth is below the national average. Queensland, while improving in both income and wealth is below the national average on both as well. And Victoria while seeing solid gains in both income and wealth, with wealth largely due to the housing market above the national average, its income has still not quite reached the national average.

Worst performing states

The worst performing states are Tasmania, with incomes 26% below the national income and wealth average, as well as South Australia which is 19% below the average household income and 20% below the national net wealth.

While household income gains have been low in some states (a total of 6% gain since 2012 in South Australia, Tasmania and the Australian Capital Territory over the last 2 years), at least all of the states have had an increase in incomes, but such has been the change in property prices and the rise in living costs, the Northern Territory, South Australia, Tasmania and the Australian Capital Territory have all seen a slight fall in average household wealth since 2012.

Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare


Last 150 Articles


Tags

economic Netflix cost educated 1975 cancel plans VET innovative trends emerging generations bondi teleworking states internships contiki Social Trend FOMO ipswich sector wide Myth social change supply and demand grave decision CBD seasons university parents careers Andrew Duffin demography shopper's pick social issues purpose wedding social commentary rise of local office opening environment Sydney Hills Business Chamber motivate employers Work place teaching goal teachers NBRS Architecture ease of travel shopping capital city resource home ownership #censusfail report world dare to dream ACF2017 australian communities forum future of education students affordability renter of the future HSC Willowdale care support holiday water EFF infographics baby name predictions woolworths property TAS bureau charities mother's day sunny days jobs of the future sydney metro ACF17 australian real estate sentiments entertainment ACF 2016 the lucky country national crime rates logan shbc professional presenters australia 1994 school stats 2014 Love results Engineering Manager news optus my business awards urban living index interactive Australian communities food bank housing baby names The Daily Edition authenticity staying in storytelling SA renting communications Wagga Wagga brisbane mythbusting tattoos pyrmont story politics communication social analysis leader Tuesday Trend Education Future Forum small business capital cities identity Geoff Brailey hello fresh Christmas presents affordable snapshot 24,000,000 village South Australia program typical australian spirituality Sydney’s south west plans wealth distribution australian australian social research travelling Australian Bureau of Statistics households Hornsby Shire Council social trends rent technology Crime Rates suburbs 2016 Sydney keynote speaker easy rider paying to work Channel Seven wealth and income distribution education future thrive commute emerging trends Australia Day 2017 Christmas lunch research pack alpha facts sydneysiders twentyseventeen challenge Australian Home work mates easter NT google schools living poor Tuesday Trends growth the changing face of participants australian communities trends report Financial Planning Association of Australia mccrindle research energy research visualisation Word Up FPA mccrindle father's day average sydneysider royal public speaking Vocational education lifestyle student healthy future goals mythbusters networking communicate tuesday vegemite culturally diverse sydneycity define repayments Adelaide long weekend VIC dreaming baby fresh recap builders survey youth unemployment Australian Trends JOMO presentation census data ABS society trends daily telegraph REIV Conference demographic transformations mining boom Gen X suburb Australian schools manly Financial Planning Week education sector group VET sector daily commute organisations qualitative research spend innovation debate learning generation Z Population Clock cooking speajer Australian Census kate middleton commuters language world youth day house Channel 7 choice workers debt growing population house price rise baby names report local community Bathburst dessert urban living teach faux-ciliser infographic forecast Mount Annan-Currant Hill statistics NBRS staff lalor park census results professional speaker year 12 social keynote speaker charity trends analyst Hills Shire Council poker master princess charlotte apartments 2016 census results future proofing hornsby mentor communities survey design neutral bay residents New Zeland car in depth interviews office winter blues owning a home Australian Communities Trends ethnography Births relational winter ideas high density apartments social researchers World Water Day Caregiver socialites cartodb sydney speaker click food insecurity housing growth Real Estate Institute of Victoria volunteering offenders baby names australia report media activity mccrindle in the media local outsourcing litter cica infographic wall going out safe casual showreel education research eliane wages wealth English What is food insecurity? digital christian retirement donation ashley fell sector Australian Dream Generation Y 2015 consumerism optus McCridle cancelling plans property market NEETs household intern Aussie marrickville CPI Australia street collaborative census fail Deaths 1980 responsive ACT Gen Y Australians trend tuesday generation christmas experience ACF PSI Jura Australia priorities transport gig personalities curiosity 2016 census the australian dream data visualisation medicine faith housing market data urban taskforce overcast population growth slideshare etiquette media middle class meetings organisational culture gold coast giving speakers newspaper employmee financial population earnings resilience earning Northern Beaches Christian School community engagement young people hills shire Generation X mortgage data analyst trends of 2016 family brand Res Vis breakfast ageing population government low density Territory rain men generations marriage social life child care in the media religion menai wealth and income panel Sydney cold waverton urban quote increasing densification high density dreams land of the middle class generation alpha market research video forum Duchess of Cambridge cultural diversity DIY ageing young australians TDE community event real future of shopping sydney event monarchy Canberra skills potts point emerging technologies sun internet live the dream school students christianity vegetarian January 26th thought leadership learn celebration greatness speakers pack Australian community trends social media finance training deloitte future of work Wellington moderators guide post rationalism pharmacies society global financial crisis business educhat cloudy days mobile faux-cilising trend SRE national wealth Kirsten Brewer follow IT Specialists schools students New Zealand engagement impact Royals aged care puzzle income millionth 2017 office space micro 23 million population milestone not-for-profit community norwest marketing home university degree DESTEL New South Wales cancelling event high school cars year 7 rich list city non profit entrepreneurs of today Australian Population rental stress Do It Yourself names economy Real Estate omnibus stay home baby name Scouts volunteering data entrepreneur public holiday Queensland toys "know the times" volunteer internship ashley mckenzie optimistic conferences financial planning eliane miles house prices jobs visual grandparents Macquarie University customer friendship graphs demographic consumer award Elderslie-Harrington park sunburnt country leadership coffee average Australian apartment couple analysis ferry relevant trends of 2017 baby name trends not for profit 2013 geomapping social lives events social commentator micro apartments February 16 belief cost of living publication blaxland Melbourne sydneysider global Cobbitty-Leppington high density living Jura Coffee cash summer research budget marriages REIV National Conference ultimo census screenage shopping centre workplace TED talk socialising google for education tea social impact business performance entrepreneurial australians staying home more hobart James Ward megatrends SMSF pharmacy national private wealth WA mccrindle tea cultural diveristy McCrindle Speakers royal baby financial independence environmental scanning SMART Christchurch case study faux-cilise Research Executive culture online shopping prince george gen alpha social researcher demographics new york times professional research report baby boomers hunger changing face of sydney millenials Australia Day the average aussie tv housing trends investor collaboration domestic workplace culture weather group session travel wellbeing wealth inequality Northern Territory gender GPO future perth brand experience new office rule keeper demographic trends average aussie know the times state crime media release financial dreams salary teacher NFP event train aussie culture Mark McCrindle social shifts The ABC of XYZ Northern Beaches generational trends Valentine’s Day public speaker futurist engage focus group visualisation product learning styles Wodonga investing work school satisfaction anzac annual income balance royal family proactive Tasmania townhouses global generations Western Australia Christmas season gig economy 10 years gen z learner research services narcissism unemployment parenting 2020 millennials change acf15 media commentary volunteers moreton bay leadership workshop area not for profit research social enquiry speaker insight home owner demographer employmer life wolloomooloo sydney hills career employment conference work-life research data Merry Christmas hopes chairty donate selfie TEDx royal influence aged care Skilling divorce rate tips earn presentations personal growth Aussies families Australian Families property price house price brands hills Northern beaches Event victoria ACT Report NSW business index youth fears online future-proof sustainable food 2012 coffee lovers mover and shaker event Research Director the hills social research crows nest professional services Queensland: QLD investment education future report forecasting australian community trends report friends financial future 40 million suburban living professional development happiness workforce workshop church Assistant Store Manager System's Architect conference speaker shifts Financial Planning Association Australian demographics 24 million holidays census 2016 trades financial fears Kiwi huffington post children sports focus groups population map the great screenage insights housing affordability divorce buildings conference presentation Charlotte dream local communities TED unaffordable mateship money research on coffee award winner wage tertiary education 1968 bus education researcher criminal sector wide study future proof rising house prices keynote equip baby boom study the hills shire darwin meals women clothing weekly earnings tableau nfp

Archive