Median household income in Australia and New Zealand
Encyclopedia
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.
for private consumption http://stats.oecd.org/Index.aspx?datasetcode=SNA_TABLE4. This is done because it provides a more accurate and stable assessment of the true value of citizens' incomes in diverse countries.
Main source: Australian Bureau of Statistics, Household Income and Income Distribution, Australia 2007–08 .
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
).
Median household income
The median household income is commonly used to generate data about geographic areas and 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...
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
Closer Economic Relations
Closer Economic Relations is a free trade agreement between the governments of New Zealand and Australia. It is also known as the Australia New Zealand Closer Economic Relations Trade Agreement and sometimes shortened to...
(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 ParityPurchasing power parity
In economics, purchasing power parity is a condition between countries where an amount of money has the same purchasing power in different countries. The prices of the goods between the countries would only reflect the exchange rates...
for private consumption http://stats.oecd.org/Index.aspx?datasetcode=SNA_TABLE4. 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 Australian Capital Territory The Australian Capital Territory, often abbreviated ACT, is the capital territory of the Commonwealth of Australia and is the smallest self-governing internal territory... |
324,034 | A$91,624 | $61,188 |
| Northern Territory Northern Territory The Northern Territory is a federal territory of Australia, occupying much of the centre of the mainland continent, as well as the central northern regions... |
192,898 | A$86,788 | $57,853 |
| Western Australia | 1,959,084 | A$72,800 | $48,206 |
| Queensland Queensland Queensland is a state of Australia, occupying the north-eastern section of the mainland continent. It is bordered by the Northern Territory, South Australia and New South Wales to the west, south-west and south respectively. To the east, Queensland is bordered by the Coral Sea and Pacific Ocean... |
3,904,532 | A$68,276 | $45,086 |
| Victoria Victoria (Australia) Victoria is the second most populous state in Australia. Geographically the smallest mainland state, Victoria is bordered by New South Wales, South Australia, and Tasmania on Boundary Islet to the north, west and south respectively.... |
4,932,422 | A$66,872 | $44,188 |
| Australia | 19,855,328 | A$66,820 | $44,820 |
| New South Wales New South Wales New South Wales is a state of :Australia, located in the east of the country. It is bordered by Queensland, Victoria and South Australia to the north, south and west respectively. To the east, the state is bordered by the Tasman Sea, which forms part of the Pacific Ocean. New South Wales... |
6,549,177 | A$66,820 | $44,820 |
| New Zealand | 4,100,000 | NZ $67,973 (Average not Median) | $45,541 |
| South Australia | 1,514,377 | A$55,848 | $36,515 |
| Tasmania Tasmania Tasmania is an Australian island and state. It is south of the continent, separated by Bass Strait. The state includes the island of Tasmania—the 26th largest island in the world—and the surrounding islands. The state has a population of 507,626 , of whom almost half reside in the greater Hobart... |
476,481 | A$50,700 | $32,965 |
Main source: Australian Bureau of Statistics, Household Income and Income Distribution, Australia 2007–08 .
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
Median household income
The median household income is commonly used to generate data about geographic areas and 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...
).
See also
- Median household incomeMedian household incomeThe median household income is commonly used to generate data about geographic areas and 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...
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- List of Australian states and territories by gross state product
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