CompareMyIncome

Insights

Which postcodes saw incomes grow fastest?

Prices rose 30% between 2013–14 and 2023–24. We compared median taxable income over the same decade in the 1,600 postcodes where at least 1,000 people lodged a return in 2023–24. After inflation, the median fell in 229 of them.

A postcode's median can move because people's pay changes or because different people move in, for example into new housing. These figures can't separate the two.

Fastest growth

PostcodeMedian 2013–14Median 2023–24GrowthAfter inflation
2000 NSW$18,013$40,697126%73%
3943 VIC$34,842$60,92675%34%
2765 NSW$42,809$74,52774%34%
3091 VIC$42,437$70,15065%27%
3066 VIC$46,481$76,53465%26%
2179 NSW$40,059$65,74564%26%
2738 NSW$38,347$62,78164%26%
3515 VIC$37,975$61,98763%25%
2762 NSW$45,610$74,09962%25%
3984 VIC$33,996$54,91162%24%
6207 WA$47,879$77,21861%24%
3240 VIC$36,673$58,96261%23%
5121 SA$34,781$55,83161%23%
3057 VIC$45,193$72,47360%23%
3427 VIC$42,014$66,76659%22%
4553 QLD$38,346$60,93459%22%
3281 VIC$36,850$58,48459%22%
3189 VIC$42,143$66,56758%21%
5120 SA$38,076$60,06358%21%
3501 VIC$37,627$59,35358%21%

Slowest growth

PostcodeMedian 2013–14Median 2023–24GrowthAfter inflation
6707 WA$49,830$48,505−3%−25%
3053 VIC$37,604$37,313−1%−24%
5000 SA$42,469$44,3764%−20%
6000 WA$54,191$57,0595%−19%
4680 QLD$63,639$67,6706%−18%
2601 ACT$46,880$50,9829%−17%
6442 WA$75,436$82,3339%−16%
6753 WA$79,988$87,77210%−16%
3549 VIC$31,651$34,80310%−16%
6390 WA$67,091$74,10110%−15%

Sources: ATO Taxation Statistics 2023–24, Individuals Table 8 (CC BY 2.5 AU); ABS Consumer Price Index Table 17 (CC BY 4.0), financial-year averages. "After inflation" divides growth by the rise in the CPI between the two financial years.