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


Tags

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

Archive