A. Median salary 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.
The average annual salary in Australia is $68,900 and $35.30 per hour. It is just the average salary for basic workers but skilled and experienced workers also earn around $108,980 annually. The average salary also varies depending on the field of work and the job role of workers.
If your taxable income was $131,501 or higher, then you earned more than 90 per cent of other Australians. If you earned more than $253,066, then you took home more than 99 per cent of taxpayers. About 5 per cent of taxpayers had incomes above $180,000.
A salary of $80,000 to $100,000 is sufficient to maintain a comfortable standard of living in Sydney and other major Australian cities. It's above the norm in that respect. After paying taxes on a salary of AUD 100,000, you'll take home about AUD 75,813, or AUD 6,259 per month.
The top 10 per cent of earners in Australia make $122,664 or more, with some of the best paid incomes in the country including miners who rake in $124,550 on average, school principals who take home $130,142 and dentists that are earning $131,773.
Four in five Australians earn less than $100,000 with new tax figures revealing the federal budget is increasingly reliant on the nation's best-paid 1 per cent to cover the cost of growing services and infrastructure.
The average annual income range for the Australian middle class is between AUD 46,000 and AUD 140,000.
Location – With some parts of Australia (namely: the big cities) having significantly higher costs of living than suburban or remote areas, your location is likely the biggest factor in this discussion. Experience – For someone starting out in their career, $60k is a reasonable pay.
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.
Middle-income class refers to households with income between 75% and 200% of the median national income. Upper-income class refers to households with income above 200% of the median national income.
The average earnings of the top 20% are 12x the average earnings of the bottom 20% and the wealth of the average household in the top 20% is 93x the average wealth of those in the bottom 20%. The average household gross income is $121,108, however the top 20% of households earn 48% of all income.
So a taxpayer with an income of $80,000 a year is therefore in the top 20 per cent of Australians.
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.
The OECD defines the poverty line as half the median household income. In Australia, the poverty line works out to be $489 per week for a single adult, and $1027 per week for a couple with two children.
How much does a Female make in Australia? The average female salary in Australia is $78,881 per year or $40.45 per hour. Entry-level positions start at $67,039 per year, while most experienced workers make up to $156,000 per year.
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.
Going home with 50k AUD per annum isn't that good. However, this obviously also depends on where you live and what kind of lifestyle you (want to) have. Do you want to live life to the max? You probably will need to bring home 150k AUD per annum.
Meanwhile, collaborative database Expatistan estimates the current cost of living in Australia is roughly $3,803 per month for a single person or $7,064 per month for a family of four, just for the bare essentials.
Does Remuneration Package Include Super? Yes, a remuneration package can incorporate Superannuation, as it refers to compensation for the employee's services and encompasses more than just a rate of pay.
The average full time salary in Australia is $71,035 per year or $36.43 per hour. Entry-level positions start at $57,940 per year, while most experienced workers make up to $109,947 per year.
While 7 figures in superannuation may sound great, the reality is most people heading into retirement won't have anywhere near that amount. According to the Association of Superannuation Funds of Australia Limited (ASFA), Australians aged between 60-64 have a median balance of $178,808 for men, and $137,051 for women1.
Average net worth for all Australian households in 2019–20 was $1.04 million. Total average liabilities for households saw a statistically significant increase from $189,500 in 2017–18 to $203,800 in 2019–20. Three in four (75%) households had debt in 2019–20.
How much is the average Australian in debt? According to a study from Invezz, Australia's household debt is the fifth highest in the world, at about $86,000 per household. Given that the average available income is only $42,554, the amount of debt owed by households is a whopping 203%.