Median household income in Australia and New Zealand


Median household income in Australia and New Zealand

Median household income is commonly used to measure the relative prosperity of populations in different geographical locations. It divides households into two equal segments with the first half of households earning less than the median household income and the other half earning more.

Since 2000 household incomes in Australia and New Zealand have been growing rapidly and in 2007 incomes were comparable to those in the United States.

New Zealand and Australia are gradually being economically integrated through a process known as “Closer Economic Relations (CER)”. Their citizens are free to travel, live and work in either country. Information about their relative median household incomes is of interest, especially for those considering migration.

Median household income in 2007-8

Income data for each state (or territory) has been converted to US dollars using Purchasing Power Parity for private consumption [1]. This is done because it provides a more accurate and stable assessment of the true value of citizens' incomes in diverse countries.

Population Median household income (local currency) Median household income (PPP US$)
Australian Capital Territory 324,034 A$91,624 $61,188
Northern Territory 192,898 A$86,788 $57,853
Western Australia 1,959,084 A$72,800 $48,206
Queensland 3,904,532 A$68,276 $45,086
Victoria 4,932,422 A$66,872 $44,188
Australia 19,855,328 A$66,820 $44,820
New South Wales 6,549,177 A$66,820 $44,820
New Zealand 4,100,000 NZ $67,973 (Average not Median)[1] $45,541
South Australia 1,514,377 A$55,848 $36,515
Tasmania 476,481 A$50,700 $32,965

Main source: Australian Bureau of Statistics, Household Income and Income Distribution, Australia 2007–08 .[2] Note : The NZ figure is Average Household Income and not Median Household Income. No source for Median Income found. The figure for NZ Median Household Income is likely to be slightly less. Note: GDP per capita cannot be used to predict median household income (See median household income).

See also

References


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