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


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