Income in postcode 3502
Half of the 495 people in 3502 (Victoria) who lodged a 2023–24 tax return had a taxable income above $53,766.
How it compares
A taxable income of $53,766 is more than about 32% of all Australian taxpayers earned in 2023–24. Across Australia, 3502 ranks #1,376 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 30% from $41,485 in 2016–17 to $53,766 in 2023–24. These are dollars of each year, not adjusted for inflation.
| Income year | Median | Average | People |
|---|---|---|---|
| 2023–24 | $53,766 | $88,618 | 495 |
| 2022–23 | $47,701 | $78,646 | 567 |
| 2021–22 | $48,638 | $70,043 | 655 |
| 2020–21 | $49,170 | $64,377 | 770 |
| 2019–20 | $43,829 | $53,197 | 943 |
| 2018–19 | $44,917 | $54,288 | 1,047 |
| 2017–18 | $42,685 | $51,768 | 1,206 |
| 2016–17 | $41,485 | $51,670 | 1,304 |
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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.