According to their analysis, an employed single adult currently needs A$597 per week (before tax, and including housing costs) to live healthily. A couple with two young children needs almost twice as much: A$1,173. The national minimum wage is currently A$695 for a full-time worker.
In Australia, a Living Wage is $27 per hour.
We believe every worker deserves a Living Wage. We believe every worker deserves at least $27 per hour before any penalty rates or casual loading.
No! AU$25 is base wage for low income casual workers. Though even they get loadings for working on Sundays, public holidays, etc that can amount to double or triple time (AU50ph to AU$75ph).
What Is the Minimum Wage in Australia? Australia's minimum wage for an adult is currently $21.38 per hour (before tax), or $812.60 for a 38-hour week.
And it's certainly not enough to run a household, and pay for a decent standard of living. So Australia's minimum wage is certainly well below a true “living wage.” Minimum wage workers, especially those with any dependents, are likely to live in poverty.
Want to plan your living expenses in Australia? We'll help you. There is no “one size fits all” plan for all but it is understood that an individual may need approximately $20,000 each year and an average family needs more than $50,000 a year to get by in Australia.
The median salary in Australia in 2023 is 6,650 AUD (USD 4,420) per month. The median salary refers to the middle value of all the salaries considered. In other words, around half of the population in Australia earns less than 6,650 AUD per month, while the other half earns more.
Realistically speaking, $60,000 is not enough to support a family of four in Sydney, Melbourne, or another expensive city. In a less expensive location, however, it could be the right income for your needs.
Median employee earnings was $1,250 per week, an increase of $50 since August 2021 (4.2%). 12.5% of employees were trade union members (1.4 million). 2.7 million casual employees (23% of employees, 20% of all employed), up from 2.4 million in August 2021. 1.1 million independent contractors (8% of all employed).
Annual / Monthly / Weekly / Hourly Converter
If you make $40 per hour, your Yearly salary would be $79,040.
Annual / Monthly / Weekly / Hourly Converter
If you make $30 per hour, your Yearly salary would be $59,280.
Annual / Monthly / Weekly / Hourly Converter
If you make $35 per hour, your Yearly salary would be $69,160.
Well, that would come out to $79,000 a year if you're a full time employee (38 hours per week). Median employee earnings across Australia runs at about $62,000 a year. So, obviously, it's better than most. However, you won't be especially comfortably off if you live in an expensive city and you have dependents.
The Australian middle class has a median household income of AUD$80,000. This statistic is a key indicator of the financial health of the Australian middle class.
An employee can work a maximum of 38 hours in a week unless an employer asks them to work reasonable extra hours. See our Maximum weekly hours fact sheet.
So if you're on $100k or more, congratulations, you're in the top 20% of Aussie income earners. If not, don't worry, you're in the good company of 80% of Aussies.
NSW houses the highest income earners out of any state, with 373,000 people in the top bracket. This was followed by Victoria and then Queensland, at 263,000 and 170,000 people respectively. The Northern Territory, meanwhile, had just 7300 people earning over that threshold.
If you make $80,000 a year living in Australia, you will be taxed $18,067. That means that your net pay will be $61,933 per year, or $5,161 per month.
There you go! $5000 will last you a minimum of 4 weeks without scrimping too hard on budgets. Anything more than $5000 just gives you a longer buffer and a bigger safety net, however for those teachers struggling to save then you can feel confident travelling to Australia with only $5000 in your bank account.
Find out what the average Teacher salary is
The average teacher salary in Australia is $84,721 per year or $43.45 per hour. Entry-level positions start at $74,301 per year, while most experienced workers make up to $117,174 per year.
So, if you earn one dollar over $45,000 you are in the richest half of the country. Officially, the average wage is $75,000 a year, but that is skewed by a small number of very high income earners.
According to the ATO, the top 1% of income earners in Australia start at $237,300 but average $438,100.