Income Of Top 10 Percent Australia
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If your income is around 1 400 a week that would put you in the 91 000 to 103 999 per annum income bracket for australia with 4 per cent of other income earners.
Income of top 10 percent australia. Inequality has increased since the 1990s as in many other oecd countries. New figures from the australian bureau of statistics estimate the income distribution for australia in 2012 13 based on information from the tax office. Over the past generation it has risen again and the top 10 per cent now has 32 percent of household income. In 1921 the top 1 per cent had 12 per cent of all household income.
In the top 20 is the average wealth of those in the bottom 20 the top 20 of households earn the average earnings of the top 20 are the average earnings of the bottom 20 of all income 4 australian income wealth distribution by household quintiles. Annual wages of top earners. Across the oecd this ratio is 9 6 1 on average. The average income of the top 10 of income earners is almost 9 times higher than that of the bottom 10 in up from a ratio of 8 to 1 in the mid 1990s.
This means that while the bottom fifth of households take home just 4 of all income the top. While the average household earns just over 116 000 per annum the top 1 in 5 earn more than twice this exceeding 280 000 and the bottom 1 in 5 take home around one fifth of the average a little over 24 000. The latest data from the epi show that in 2018 annual wages for the top 1 reached 737 697 up just 0 2 compared to 2017. Australian income and wealth distribution 2018 created date.
Only 10 per cent of aussies. Melbourne s hawksburn and toorak in third place averaged 196 816 while east melbourne in fifth recorded an average 185 437. Top 1 per cent in 2007 the cut off for entry into the top 1 per cent was individual income of 197 000. Eight of the top 10 postcodes were in nsw with western australia s cottesloe peppermint grove coming in 10th with an average taxable income of 167 090.
Income inequality in australia is similar to the oecd average with a gini coefficient of 0 326 in 2012. This graphic shows the greatest disparities.
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