Income in postcode 2024
Half of the 7,908 people in 2024 (NSW) who lodged a 2023–24 tax return had a taxable income above $85,598.
How it compares
A taxable income of $85,598 is more than about 60% of all Australian taxpayers earned in 2023–24. Across Australia, 2024 ranks #41 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 131% from $36,989 in 2003–04 to $85,598 in 2023–24. These are dollars of each year, not adjusted for inflation.
| Income year | Median | Average | People |
|---|---|---|---|
| 2023–24 | $85,598 | $177,030 | 7,908 |
| 2022–23 | $83,767 | $171,073 | 7,678 |
| 2021–22 | $80,924 | $177,370 | 7,339 |
| 2020–21 | $78,775 | $186,705 | 7,309 |
| 2019–20 | $72,703 | $135,069 | 7,620 |
| 2018–19 | $70,580 | $136,652 | 7,709 |
| 2017–18 | $66,246 | $130,935 | 7,795 |
| 2016–17 | $63,839 | $117,744 | 7,650 |
| 2015–16 | $61,401 | $119,592 | 7,561 |
| 2014–15 | $58,670 | $113,344 | 7,381 |
| 2013–14 | $57,937 | $112,423 | 7,276 |
| 2003–04 | $36,989 | $55,609 | 7,732 |
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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.