Income in postcode 2023
Half of the 7,814 people in 2023 (NSW) who lodged a 2023–24 tax return had a taxable income above $85,132.
How it compares
A taxable income of $85,132 is more than about 60% of all Australian taxpayers earned in 2023–24. Across Australia, 2023 ranks #46 of 2,283 postcodes by median.
The average is well above the median here, which means a smaller number of high incomes pull the average up. The median is the better guide to a typical income.
Median income over time
The median rose 94% from $43,802 in 2003–04 to $85,132 in 2023–24. These are dollars of each year, not adjusted for inflation.
| Income year | Median | Average | People |
|---|---|---|---|
| 2023–24 | $85,132 | $250,899 | 7,814 |
| 2022–23 | $83,557 | $216,363 | 7,634 |
| 2021–22 | $84,477 | $245,728 | 7,193 |
| 2020–21 | $81,539 | $218,902 | 7,108 |
| 2019–20 | $75,238 | $195,204 | 7,382 |
| 2018–19 | $75,151 | $173,287 | 7,404 |
| 2017–18 | $72,825 | $193,440 | 7,513 |
| 2016–17 | $70,356 | $169,334 | 7,454 |
| 2015–16 | $68,006 | $180,412 | 7,254 |
| 2014–15 | $65,948 | $163,820 | 7,159 |
| 2013–14 | $64,526 | $155,172 | 7,107 |
| 2003–04 | $43,802 | $96,087 | 6,571 |
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Source: ATO Taxation Statistics 2023–24, Individuals Table 8 (CC BY 2.5 AU): everyone who lodged a return with this residential postcode. Taxable income is income after deductions. Postcodes with fewer than 100 returns are left out.