Income in postcode 3923
Half of the 494 people in 3923 (Victoria) who lodged a 2023–24 tax return had a taxable income above $44,548.
How it compares
A taxable income of $44,548 is more than about 22% of all Australian taxpayers earned in 2023–24. Across Australia, 3923 ranks #2,071 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 123% from $19,965 in 2003–04 to $44,548 in 2023–24. These are dollars of each year, not adjusted for inflation.
| Income year | Median | Average | People |
|---|---|---|---|
| 2023–24 | $44,548 | $69,146 | 494 |
| 2022–23 | $42,379 | $65,540 | 479 |
| 2021–22 | $39,927 | $79,097 | 462 |
| 2020–21 | $38,736 | $61,016 | 442 |
| 2019–20 | $38,141 | $56,100 | 431 |
| 2018–19 | $37,816 | $54,304 | 395 |
| 2017–18 | $34,970 | $48,305 | 379 |
| 2016–17 | $35,818 | $48,331 | 366 |
| 2015–16 | $34,547 | $47,358 | 347 |
| 2014–15 | $31,641 | $42,438 | 327 |
| 2013–14 | $33,218 | $47,201 | 332 |
| 2003–04 | $19,965 | $28,707 | 330 |
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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.