6302.0 - Average Weekly Earnings, Sep 1970.
The median money income of all families in 1970 was about $9,870. This was about $440 or 4.6 percent higher than the 1969 median of $9,430. However, prices rose approximately 5.9 percent in 1970 and in terms of constant dollars, median family income in 1970 was about the same as in 1969.
Australians are also earning a lot more now than we were back then; the average full time earnings in 1975 was $7,600 per year, today the annual average earnings exceed $72,000 per annum.
1972 – $51.35 per week (averaged across states and territory)
6302.0 - Average Weekly Earnings, Australia, Sep 1980.
£300 a year in 1920 (= $21,300) £376 in 1940 (= $32,400) £433 in 1950 (= $22,800)
The average full time salary in Australia is $70,388 per year or $36.10 per hour. Entry-level positions start at $57,966 per year, while most experienced workers make up to $109,288 per year.
6302.0 - Average Weekly Earnings, Dec 1974.
6302.0 - Average Weekly Earnings, Sep 1968.
The average earnings for a week's work in 1965-66 was $57 (around $740 in today's dollars), and minimum wages for women were set around 30 per cent lower than for men. We measure average wages slightly differently now, but the newest data on average weekly earnings for Australia is $1160 per week.
The average wage in the mid 1970s was around $6,000, according to the Australian Bureau of Statistics, so the median Sydney house price was almost six times' the value of the average annual income.
Wages in Australia averaged 553.70 AUD/Week from 1969 until 2022, reaching an all time high of 1378.60 AUD/Week in the fourth quarter of 2022 and a record low of 59.10 AUD/Week in the third quarter of 1969.
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).
The average yearly salary in Australia is 90,800 AUD (USD 60,355). Let's go through a few key indicators of the average earnings in Australia so you can fully understand salary statistics and trends in the country.
6302.0 - Average Weekly Earnings, Dec 1972.
6302.0 - Average Weekly Earnings, Jun 1973.
6302.0 - Average Weekly Earnings, Dec 1976.
Well, in 1975, petrol was 57 cents a litre.
The average incomes of those aged 65 years and over reflected the considerably lower incomes that accompany retirement. In 1997-98 the average weekly income was $460 for couples and $248 for single persons in this age group.
The current minimum wage is $21.38 per hour, but the new minimum wage will be $23.23 per hour, which represents an increase of $1.85 an hour (+8.65 per cent).
According to the Association of Superannuation Funds of Australia's Retirement Standard, to have a 'comfortable' retirement, a couple who own their own home will need an income of about $70,500. A single person will need an annual income of more than $50,000.
The average entry level work salary in Australia is $62,400 per year or $32 per hour. Entry-level positions start at $62,400 per year, while most experienced workers make up to $72,101 per year.