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


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