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Income of middle class in australia. This infographic of annual household income by quintiles 20 categories each comprising around 2 million of australia s 10 million households shows the spread of total earnings. The squeezed middle class figure 3 4 figure 4. The average household gross income is 116 584 however the top 20 of households earn 48 of all income. Politicians are fond of pitching to the average australian but judging by the income of australians whether you are middle class depends on where you live writes liz allen.
The middle income class in australia is more highly skilled than 20 years ago of middle class workers who hold jobs in the different skill groups mid 1990s mid 2010s 32 source. That leaves the middle classes 60 of australia s population with the other 48 of earnings. He defines middle income earners as single people or sole parents on 40 000 to 50 000 a year and couples with children on 80 000 to 90 000 a year. Twelve times more than the bottom 20 who are left with just 4 of australia s income.
A person making 70k per year in the heart of sydney may not describe themselves as middle class while someone making two thirds that on the outskirts of hobart might think they re pretty well off. Australia has long been labelled the land of the middle class but our recent analysis of the australian bureau of statistics wealth and income data shows that this is less the case today. Congratulations to those in the top 10 you re now officially middle income australia. The squeezed middle class figure.
Australian middle income households spend a relatively low but growing share of their budget on housing of middle income household spending dedicated to housing source. What middle class is can vary wildly depending on who you ask. Oecd 2019 under pressure. While the average household earns just over 116 000 per annum the top 1 in 5 earn more.
Your equivalised household income is 44 444 which is within the carlton middle class band which is between 21 317 and 78 593.
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