The five highest paying jobs in Australia in 2022 and 2023 are surgeons, anaesthetists, internal medicine specialists, financial dealers and psychiatrists, according to the Hays Recruitment Salary Guide.
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.
$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.
So a taxpayer with an income of $80,000 a year is therefore in the top 20 per cent of Australians.
Landing in the top 10% is a fairly attainable goal for upwardly mobile Americans. A study by the Economic Policy Institute (EPI) found that the average earnings of those in the top 10% were roughly $173,000 in 2020.
As of Apr 29, 2023, the average hourly pay for a Hourly in the United States is $20.66 an hour. While ZipRecruiter is seeing hourly wages as high as $43.27 and as low as $8.89, the majority of Hourly wages currently range between $13.46 (25th percentile) to $21.39 (75th percentile) across the United States.
The average police officer salary in Australia is $73,009 per year or $37.44 per hour. Entry-level positions start at $64,452 per year, while most experienced workers make up to $90,150 per year.
Advisory giant Accenture consistently pays consultants the highest starting salary compared to the big four consulting firms, with PwC and Deloitte vying for second place at different experience levels.
Someone earning $200,000 a year would be among the top 3.5 per cent of Australians who fall into the top tax bracket which cuts in at $180,000 a year.
Top 5% income
Salaries start to jump significantly the closer you get to the top 1%. You'll start to see dramatic shifts in the top 5%, where the EPI found the average earners significantly increased to $343,000 in 2020, up from $324,000 the year before.
There aren't many of them, just 110,613 — 82,258 men and 28,355 women. Only 39,209 have taxable incomes of more than $500,000, and of these only 14,467 have taxable incomes of more than $1 million.
The average Australian would need to earn over $300,000 a year to consider themselves as officially "rich", new research has found.
If you make $120,000 a year living in Australia, you will be taxed $31,867. That means that your net pay will be $88,133 per year, or $7,344 per month.
The average Australian Army daily wage ranges from approximately $162 per day for Combat Engineer to $540 per day for Surgeon. Salary information comes from 665 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
What can I earn as a Teacher? The average annual salary for Teacher jobs in Australia ranges from $90,000 to $100,000.
The average doctor salary in Australia is $153,000 per year or $78.46 per hour. Entry-level positions start at $122,508 per year, while most experienced workers make up to $234,000 per year.
If you make $35 an hour, your yearly salary would be $72,800.