Income in postcode 3123
Half of the 11,118 people in 3123 (Victoria) who lodged a 2023–24 tax return had a taxable income above $74,018.
How it compares
A taxable income of $74,018 is more than about 51% of all Australian taxpayers earned in 2023–24. Across Australia, 3123 ranks #147 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 103% from $36,531 in 2003–04 to $74,018 in 2023–24. These are dollars of each year, not adjusted for inflation.
| Income year | Median | Average | People |
|---|---|---|---|
| 2023–24 | $74,018 | $125,241 | 11,118 |
| 2022–23 | $70,253 | $121,640 | 10,825 |
| 2021–22 | $69,014 | $115,203 | 10,254 |
| 2020–21 | $64,254 | $109,070 | 9,924 |
| 2019–20 | $61,518 | $100,116 | 10,075 |
| 2018–19 | $60,837 | $96,895 | 10,148 |
| 2017–18 | $58,561 | $97,108 | 9,861 |
| 2016–17 | $56,558 | $93,060 | 9,591 |
| 2015–16 | $55,183 | $93,286 | 9,294 |
| 2014–15 | $53,758 | $90,680 | 8,862 |
| 2013–14 | $52,344 | $91,544 | 8,687 |
| 2003–04 | $36,531 | $55,674 | 7,960 |
How does your income compare?
Enter your income and postcode in the calculator to see where you sit.
Open the income calculatorNearby postcode numbers in Victoria
Postcodes with numbers close to 3123. 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.