Income in postcode 3068
Half of the 13,227 people in 3068 (Victoria) who lodged a 2023–24 tax return had a taxable income above $75,692.
How it compares
A taxable income of $75,692 is more than about 53% of all Australian taxpayers earned in 2023–24. Across Australia, 3068 ranks #114 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 117% from $34,806 in 2003–04 to $75,692 in 2023–24. These are dollars of each year, not adjusted for inflation.
| Income year | Median | Average | People |
|---|---|---|---|
| 2023–24 | $75,692 | $113,745 | 13,227 |
| 2022–23 | $72,980 | $106,837 | 13,044 |
| 2021–22 | $71,021 | $107,638 | 12,666 |
| 2020–21 | $66,912 | $101,058 | 12,507 |
| 2019–20 | $63,406 | $95,294 | 12,952 |
| 2018–19 | $61,465 | $88,947 | 13,222 |
| 2017–18 | $58,982 | $85,523 | 12,829 |
| 2016–17 | $55,398 | $79,037 | 12,626 |
| 2015–16 | $52,943 | $76,105 | 12,240 |
| 2014–15 | $51,748 | $74,669 | 11,939 |
| 2013–14 | $51,245 | $73,350 | 11,756 |
| 2003–04 | $34,806 | $44,162 | 10,842 |
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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.