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


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