A Harvard University study found that the loneliest jobs were also the unhappiest. These include remote jobs as well as jobs in tech, food delivery, and the online retail sector. The study was conducted over 85 years. Over 700 people were interviewed.
Interestingly, the average monthly salary in Australia is lower than in the United States (USD 7,900 per month) and the United Kingdom (USD 7,347 per month). This article will cover Australia's average and median income and the mandatory minimum wage.
In most areas of Australia, an income of AUD 100,000 will be more than enough to cover basic expenses. 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.
The 20 most common jobs in Australia have been revealed, with four industries dominating the workforce. Information from the 2021 census, released by the Australian Bureau of Statistics (ABS) today, found that health care, retail, construction and education employed the most people across Australia.
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.
$100,000/year is above an average salary and if you're frugal enough, on $100,000/year, you should be able to live a good life and save some money too. Usually if you consider living in desirable locations of cities like Melbourne and Sydney, most of your income will be consumed in the house rents.
Not only are individuals on $200,000 very much at the top but even households earning that much are. If we just look at all households in Australia we find that the median annual income in 2017-18 was $88,764: But that doesn't tell us very much about standards of living.
So why is the cost-of-living in Australia so high? One of the major reasons is inflation. A measure for household inflation, the Consumer Price Index, or CPI, increased by 2.1% in the first quarter of this year and 5.1% annually, according to data compiled by the Australian Bureau of Statistics (ABS).
A2– The average salary in Australia is relatively high compared to many other countries due to their strong economy, high cost of living, and labor laws.
Have you ever Wondered how the top 1% Manage Their Money? According to the ATO, the top 1% of income earners in Australia start at $237,300 but average $438,100.
At the other end of the spectrum were occupations involving high degrees of social interaction: social work, marketing, and sales. Respondents who worked in a for-profit industry reported feeling the least lonely and most supported out of all the employment sectors.
