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Postcodes · Victoria

Income in postcode 3040

Half of the 19,062 people in 3040 (Victoria) who lodged a 2023–24 tax return had a taxable income above $70,597.

$70,597median taxable income, 2023–24
$100,811average taxable income
#33of 594 postcodes in Victoria by median

How it compares

A taxable income of $70,597 is more than about 48% of all Australian taxpayers earned in 2023–24. Across Australia, 3040 ranks #223 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 115% from $32,809 in 2003–04 to $70,597 in 2023–24. These are dollars of each year, not adjusted for inflation.

$0$40k$80k2003–042015–162020–212023–242003–04: $32,8092013–14: $48,4042014–15: $49,7452015–16: $51,4832016–17: $52,6842017–18: $54,8782018–19: $56,8492019–20: $58,7192020–21: $60,7942021–22: $64,4532022–23: $67,3112023–24: $70,597$70,597
Median taxable income in postcode 3040 by income year. The ATO publishes 2003–04 and every year from 2013–14; the dashed line spans the gap.
Income yearMedianAveragePeople
2023–24$70,597$100,81119,062
2022–23$67,311$96,50718,608
2021–22$64,453$105,36817,792
2020–21$60,794$89,82217,748
2019–20$58,719$83,07118,244
2018–19$56,849$82,48918,158
2017–18$54,878$78,50717,846
2016–17$52,684$74,61517,416
2015–16$51,483$71,65816,776
2014–15$49,745$70,50416,520
2013–14$48,404$68,50316,220
2003–04$32,809$41,06615,232

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Nearby postcode numbers in Victoria

Postcodes with numbers close to 3040. 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.