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Postcodes · Victoria

Income in postcode 3116

Half of the 7,620 people in 3116 (Victoria) who lodged a 2023–24 tax return had a taxable income above $62,281.

$62,281median taxable income, 2023–24
$77,545average taxable income
#119of 594 postcodes in Victoria by median

How it compares

A taxable income of $62,281 is more than about 41% of all Australian taxpayers earned in 2023–24. Across Australia, 3116 ranks #624 of 2,283 postcodes by median.

Median income over time

The median rose 111% from $29,517 in 2003–04 to $62,281 in 2023–24. These are dollars of each year, not adjusted for inflation.

$0$40k$80k2003–042015–162020–212023–242003–04: $29,5172013–14: $40,4762014–15: $41,8452015–16: $43,1312016–17: $45,0812017–18: $47,0462018–19: $48,8592019–20: $49,9022020–21: $52,4072021–22: $54,4262022–23: $58,3212023–24: $62,281$62,281
Median taxable income in postcode 3116 by income year. The ATO publishes 2003–04 and every year from 2013–14; the dashed line spans the gap.
Income yearMedianAveragePeople
2023–24$62,281$77,5457,620
2022–23$58,321$70,7257,553
2021–22$54,426$67,7187,380
2020–21$52,407$65,0357,226
2019–20$49,902$60,6667,163
2018–19$48,859$59,6537,092
2017–18$47,046$58,4666,780
2016–17$45,081$55,3256,460
2015–16$43,131$53,7916,127
2014–15$41,845$52,6085,907
2013–14$40,476$50,2715,813
2003–04$29,517$34,0885,820

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Nearby postcode numbers in Victoria

Postcodes with numbers close to 3116. 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.