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Postcodes · Victoria

Income in postcode 3031

Half of the 12,721 people in 3031 (Victoria) who lodged a 2023–24 tax return had a taxable income above $68,674.

$68,674median taxable income, 2023–24
$85,702average taxable income
#47of 594 postcodes in Victoria by median

How it compares

A taxable income of $68,674 is more than about 47% of all Australian taxpayers earned in 2023–24. Across Australia, 3031 ranks #299 of 2,283 postcodes by median.

Median income over time

The median rose 98% from $34,659 in 2003–04 to $68,674 in 2023–24. These are dollars of each year, not adjusted for inflation.

$0$40k$80k2003–042015–162020–212023–242003–04: $34,6592013–14: $49,5862014–15: $50,1102015–16: $51,4072016–17: $53,4292017–18: $54,7252018–19: $57,3982019–20: $59,6632020–21: $61,5562021–22: $64,5202022–23: $67,2042023–24: $68,674$68,674
Median taxable income in postcode 3031 by income year. The ATO publishes 2003–04 and every year from 2013–14; the dashed line spans the gap.
Income yearMedianAveragePeople
2023–24$68,674$85,70212,721
2022–23$67,204$84,53012,177
2021–22$64,520$81,60111,463
2020–21$61,556$77,58011,297
2019–20$59,663$74,17611,931
2018–19$57,398$71,70712,078
2017–18$54,725$68,53011,724
2016–17$53,429$65,41311,197
2015–16$51,407$63,61510,951
2014–15$50,110$61,43010,744
2013–14$49,586$60,64810,640
2003–04$34,659$38,9119,213

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Nearby postcode numbers in Victoria

Postcodes with numbers close to 3031. Close numbers are usually, but not always, close places.

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.