Income in postcode 3860
Half of the 4,385 people in 3860 (Victoria) who lodged a 2023–24 tax return had a taxable income above $51,420.
How it compares
A taxable income of $51,420 is more than about 29% of all Australian taxpayers earned in 2023–24. Across Australia, 3860 ranks #1,577 of 2,283 postcodes by median.
Median income over time
The median rose 118% from $23,559 in 2003–04 to $51,420 in 2023–24. These are dollars of each year, not adjusted for inflation.
| Income year | Median | Average | People |
|---|---|---|---|
| 2023–24 | $51,420 | $63,216 | 4,385 |
| 2022–23 | $48,370 | $59,731 | 4,381 |
| 2021–22 | $46,428 | $58,929 | 4,319 |
| 2020–21 | $44,789 | $54,120 | 4,303 |
| 2019–20 | $43,216 | $52,730 | 4,217 |
| 2018–19 | $40,814 | $51,528 | 4,135 |
| 2017–18 | $38,946 | $49,405 | 4,027 |
| 2016–17 | $38,099 | $48,347 | 4,023 |
| 2015–16 | $37,776 | $48,042 | 4,048 |
| 2014–15 | $37,950 | $48,685 | 3,993 |
| 2013–14 | $36,546 | $46,866 | 3,964 |
| 2003–04 | $23,559 | $27,682 | 3,952 |
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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.