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From Wikipedia, the free encyclopedia
Median household income is commonly used to measure the relative prosperity of populations in different geographical locations. It divides households into two equal segments with the first half of households earning less than the median household income and the other half earning more.
 | This article needs to be updated. (March 2018) |
New Zealand and Australia are gradually being economically integrated through a process known as "Closer Economic Relations (CER)". Their citizens are free to travel, live and work in either country. Information about their relative median household incomes is of interest, especially for those considering migration.
The latest release shows that the median gross household income in 2013–2014 was $80,704, and the average of all households was $107,276.[1]
Median weekly household income in New Zealand increased at a rate of about 3.5% a year from 2004 to 2008. In June 2004 it was (NZ)$992,[2] June 2005 was $1,040,[3] June 2006 was $1,129,[4] June 2007 was $1,203,[5] June 2008 was $1,271.[6]
Median weekly household income in New Zealand fell slightly or stagnated from 2009 to 2010 during the "great recession" period. In June 2009 it was $1,234[7] and June 2010 it was $1,236.[8] In 2011 household incomes recovered to beyond the high of 2008 again – median weekly household incomes increased again to $1,289.[9]
Income data for each state (or territory) has been converted to U.S. dollars using purchasing power parity for private and public consumption.[10] This is done because it provides a more accurate and stable assessment of the true value of citizens' incomes in diverse countries.
| Location | Population | Median household income (local currency) | Median household income (PPP US$) |
|---|---|---|---|
| Australia | 19,855,328 | $66,820[citation needed] | $43,960 |
| New South Wales | 6,549,177 | $66,820 | $43,960 |
| Victoria | 4,932,422 | $66,872 | $43,994 |
| Queensland | 3,904,532 | $68,276 | $44,918 |
| Western Australia | 1,959,084 | $72,800 | $47,894 |
| South Australia | 1,514,377 | $55,848 | $36,742 |
| Australian Capital Territory | 324,034 | $91,624 | $60,278 |
| Northern Territory | 192,898 | $86,788 | $57,097 |
| Tasmania | 476,481 | $50,705 | |
| New Zealand | 4,100,000 | $67,028 [11] (Average, not median) | $44,985 |
Main source: Australian Bureau of Statistics, Household Income and Income Distribution, Australia 2007–08 .[12] Note : The NZ figure is Average Household Income and not Median Household Income. No source for Median Income found. The figure for NZ Median Household Income is likely to be slightly less. Note: GDP per capita cannot be used to predict median household income (See median household income).
There were no significant changes in income between 2009–10 and 2011–12.[13]
| Location | Population | Median household income (local currency)[14][15] | Median household income (PPP US$) |
|---|---|---|---|
| Australia | A$47,736 | ||
| Australian Capital Territory | |||
| Northern Territory | |||
| Western Australia | |||
| Queensland | |||
| Victoria | |||
| New South Wales | |||
| South Australia | |||
| Tasmania | |||
| New Zealand |
The median gross household income in 2013–2014 was $80,704.[1]
The median gross household income in 2017-2018 is A$1,701 per week or A$88,695 per year. As of 30 June 2018 (end of fiscal year), one Australia dollar is equivalent of 0.7406 U.S. dollar. Using this exchange rate, the median gross household income in Australia is US$65,687 in 2017–18.[16]
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