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.

Wealth and Income Distribution State V State

Monday, July 25, 2016


Australia has long been considered the land of the middle class, but in recent years the gap has been widening between the rich and the poor. When it comes to the battle of the states, which corner of Australia scores the highest and the lowest on the income and wealth report? Will the Baby Boomer generation continue their stronghold on our national wealth?

Is Australia still the land of the middle class?

It is hanging in there, but it’s under pressure. We have seen some hollowing out in the middle of the earnings and a bit of spread to either end. The average annual household earnings are around $107,000 however the lowest fifth of households earn 20% of this while the top fifth average almost three times this. That means that the top fifth of households are taking home about 12 times what the bottom fifth of households are earning.

Most Aussies have their wealth tied up in their homes, how does ownership compare with the top, middle and lower classes?

The average wealth (if you liquidate everything and pay off all your debts, what are you left with) is about $800,000. The bottom 1 in 5 have a net worth of just $35,000, the top 20% of all household have a net worth of about $2,500,000. That means that the top fifth of households have about 62% of Australia’s wealth, and the bottom fifth take less than 1% of Australia’s national private wealth. So that's a big difference in wealth across these households.

Which states are best and worst performers when we are looking just at income?

The mining boom in WA has really done a great thing over there and so they are leading the earnings chart, with the ACT not too far behind with public servant wages doing pretty well. At the bottom of the tree you have Tasmania, earning about $50,000 less per annum, per household, than what we have in the west.

What Makes a City the Most Liveable?

Wednesday, July 20, 2016

What makes a state or city liveable? Is it the low crime rate, affordability, ease of travel or is it simply the weather? We have compared some of the major factors and revealed what Aussies really think.

Affordability

If you take the average weekly earnings, subtract the average weekly mortgage repayments based on house costs, you find that NSW doesn’t do too well, it is earning 20% above the average, but the houses are 64% above the average, so NSW works out to be the worst in terms of income after housing. But WA is on top of the charts, with the ACT doing pretty well also.


Ease of travel

We took the centre of population of each of our capital cities, the mid-point of the population sprawl where as many people live north, as south of this point, and as many east, as west. From this centre of living we measured the average, non-peak hour driving time to the centre of the CBD marked by the GPO of each capital. We found that as we would probably expect, Sydney was the longest drive, about 33 minutes to get from the centre of population to the centre of the city, but the quickest trip of all was Brisbane with just 8 minutes.


Crime rates

This is the number of offenders per annum, per 100 people and the Territories book end the data here, with the ACT with the lowest crime rate nationally and the Northern Territory as the highest crime rate and the other states right in the middle. As measured by crime rates, the ACT is Australia’s safest place to live.


Weather

We measured this by looking at the average number of sunny days - totally clear days in a year. Tasmania not doing too well with a lot of cloudy, overcast days, but WA takes the crown with the most number of sunny days in any given year.



Watch Mark McCrindle's full interview on The Daily Edition here


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

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

Archive