Income in postcode 3242
Half of the 671 people in 3242 (Victoria) who lodged a 2023–24 tax return had a taxable income above $51,664.
How it compares
A taxable income of $51,664 is more than about 30% of all Australian taxpayers earned in 2023–24. Across Australia, 3242 ranks #1,554 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 $24,065 in 2003–04 to $51,664 in 2023–24. These are dollars of each year, not adjusted for inflation.
| Income year | Median | Average | People |
|---|---|---|---|
| 2023–24 | $51,664 | $82,896 | 671 |
| 2022–23 | $46,854 | $63,061 | 668 |
| 2021–22 | $47,099 | $58,602 | 665 |
| 2020–21 | $45,066 | $56,668 | 620 |
| 2019–20 | $39,546 | $50,353 | 647 |
| 2018–19 | $38,971 | $48,408 | 614 |
| 2017–18 | $38,093 | $44,561 | 614 |
| 2016–17 | $35,543 | $43,385 | 620 |
| 2015–16 | $33,287 | $40,695 | 594 |
| 2014–15 | $33,367 | $39,470 | 576 |
| 2013–14 | $31,200 | $38,076 | 565 |
| 2003–04 | $24,065 | $28,193 | 653 |
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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.