How much does the average Australian earn?

Have you ever wondered what the Average Australian wage is?

Well..according to the Australian Bureau of Statistics (ABS):

The average Australian weekly income is: $1164.60

The average Australian annual income is: $60,892.

This constitutes a wage growth of just 1.6 per cent over 12 months to the end of last year, which is the slowest annual pace on record.

However, full-time employees were slightly better off, earning $1,592.40 per week, or $82,804.80 across the year, an increase of 2.2 per cent over the year.

Males earn more

The ABS report found that the average full-time weekly earnings for males was $1631, while females earned $1388.70.

While there is clearly still a gender wage gap, female wages rose substantially higher than that of males: 3.2% vs. 1.8%.

You can also see how wages vary from State to State in the ABS chart below:

Source: ABS

And here’s how much an average Australian earns by industry:

Source: ABS

About Kate Forbes

Kate Forbes is a National Director Property Strategy at Metropole. She has 15 years of investment experience in financial markets in two continents, is qualified in multiple disciplines and is also a chartered financial analyst (CFA).
Visit www.MelbourneBuyersAgent.com.au