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.

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


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