From 80 to 110 of the median income. Less than 21 929 lowest quartile between 21 930 and 46 854 second quartile between 46 855 and 78 205 third quartile 78 206 or more highest quartile.
Household income is one of the most important indicators of socio economic status.
Income quartiles australia. Quartile group dollar ranges individuals calculated from income data for new south wales weekly income by census year. From 50 to 80 of the median income. While the average australian household has seen wealth increase by 10 in the last 2 years from 929 400 to 1 022 200 the highest fifth of households have experienced an average increase of 11 an increase of 330 400.
Household income quartiles in australia the medium highest quartile was the largest group in 2016 comprising 25 of households with income. With other data sources such as household income qualifications and occupation they help tell the story of the area s economic opportunities and socio economic status. And from 110 to 150 of median income.
The average income class covers all individuals with a net income between 50 and 150 of the median income and spans three bars. In australia the medium highest income quartile was the largest group in 2016 comprising 25 of people aged 15 and over. Individual quartile ranges 2016 2011.
Households form the common economic unit in our society. Australia s income statistics are an indicator of socio economic status. Income quartiles are used to condense income categories into manageable units adjust for the effects of inflation and allow areas to be compared over time relative to a benchmark.
The incomes for the state are split into four equal groups each containing 25 of the local labour force and the quartiles allow users to compare changes in the local area to changes statewide or against another benchmark. The wealth of the highest quintile households on average is 92 times that of the lowest quintile households.