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Postcodes · Victoria

Income in postcode 3407

Half of the 266 people in 3407 (Victoria) who lodged a 2023–24 tax return had a taxable income above $40,402.

$40,402median taxable income, 2023–24
$43,553average taxable income
#586of 594 postcodes in Victoria by median

How it compares

A taxable income of $40,402 is more than about 17% of all Australian taxpayers earned in 2023–24. Across Australia, 3407 ranks #2,219 of 2,283 postcodes by median.

Median income over time

The median rose 60% from $25,242 in 2003–04 to $40,402 in 2023–24. These are dollars of each year, not adjusted for inflation.

$0$30k$60k2003–042015–162020–212023–242003–04: $25,2422013–14: $31,1442014–15: $33,5552015–16: $36,9502016–17: $36,3352017–18: $38,6292018–19: $44,8452019–20: $38,9672020–21: $42,0942021–22: $47,9112022–23: $42,6802023–24: $40,402$40,402
Median taxable income in postcode 3407 by income year. The ATO publishes 2003–04 and every year from 2013–14; the dashed line spans the gap.
Income yearMedianAveragePeople
2023–24$40,402$43,553266
2022–23$42,680$52,039272
2021–22$47,911$57,757276
2020–21$42,094$48,129271
2019–20$38,967$49,089267
2018–19$44,845$53,049267
2017–18$38,629$51,017270
2016–17$36,335$45,888290
2015–16$36,950$40,350279
2014–15$33,555$39,643275
2013–14$31,144$36,873286
2003–04$25,242$25,604325

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Nearby postcode numbers in Victoria

Postcodes with numbers close to 3407. 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.