Income in postcode 3418
Half of the 1,701 people in 3418 (Victoria) who lodged a 2023–24 tax return had a taxable income above $54,399.
How it compares
A taxable income of $54,399 is more than about 32% of all Australian taxpayers earned in 2023–24. Across Australia, 3418 ranks #1,308 of 2,283 postcodes by median.
Median income over time
The median rose 109% from $25,996 in 2003–04 to $54,399 in 2023–24. These are dollars of each year, not adjusted for inflation.
| Income year | Median | Average | People |
|---|---|---|---|
| 2023–24 | $54,399 | $67,479 | 1,701 |
| 2022–23 | $51,762 | $59,570 | 1,668 |
| 2021–22 | $50,534 | $58,089 | 1,655 |
| 2020–21 | $46,415 | $50,332 | 1,702 |
| 2019–20 | $46,133 | $56,044 | 1,714 |
| 2018–19 | $44,613 | $55,068 | 1,717 |
| 2017–18 | $41,345 | $48,489 | 1,667 |
| 2016–17 | $37,987 | $42,654 | 1,651 |
| 2015–16 | $32,230 | $36,196 | 1,653 |
| 2014–15 | $36,109 | $42,587 | 1,690 |
| 2013–14 | $35,994 | $44,139 | 1,718 |
| 2003–04 | $25,996 | $30,249 | 1,823 |
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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.