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


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