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Postcodes · Victoria

Income in postcode 3042

Half of the 10,817 people in 3042 (Victoria) who lodged a 2023–24 tax return had a taxable income above $67,217.

$67,217median taxable income, 2023–24
$82,340average taxable income
#61of 594 postcodes in Victoria by median

How it compares

A taxable income of $67,217 is more than about 45% of all Australian taxpayers earned in 2023–24. Across Australia, 3042 ranks #361 of 2,283 postcodes by median.

Median income over time

The median rose 129% from $29,384 in 2003–04 to $67,217 in 2023–24. These are dollars of each year, not adjusted for inflation.

$0$40k$80k2003–042015–162020–212023–242003–04: $29,3842013–14: $44,7512014–15: $45,6902015–16: $47,7152016–17: $49,5552017–18: $51,5222018–19: $53,4232019–20: $55,3152020–21: $58,1142021–22: $61,2852022–23: $64,7472023–24: $67,217$67,217
Median taxable income in postcode 3042 by income year. The ATO publishes 2003–04 and every year from 2013–14; the dashed line spans the gap.
Income yearMedianAveragePeople
2023–24$67,217$82,34010,817
2022–23$64,747$77,39110,557
2021–22$61,285$74,64310,115
2020–21$58,114$70,8699,993
2019–20$55,315$66,32210,133
2018–19$53,423$63,0019,990
2017–18$51,522$61,6049,844
2016–17$49,555$59,1149,418
2015–16$47,715$56,6889,259
2014–15$45,690$54,6759,046
2013–14$44,751$53,0998,850
2003–04$29,384$32,8798,539

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Nearby postcode numbers in Victoria

Postcodes with numbers close to 3042. 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.