Income in postcode 3943
Half of the 1,347 people in 3943 (Victoria) who lodged a 2023–24 tax return had a taxable income above $60,926.
How it compares
A taxable income of $60,926 is more than about 39% of all Australian taxpayers earned in 2023–24. Across Australia, 3943 ranks #722 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 150% from $24,329 in 2003–04 to $60,926 in 2023–24. These are dollars of each year, not adjusted for inflation.
| Income year | Median | Average | People |
|---|---|---|---|
| 2023–24 | $60,926 | $156,507 | 1,347 |
| 2022–23 | $52,745 | $113,388 | 1,301 |
| 2021–22 | $52,585 | $126,272 | 1,241 |
| 2020–21 | $45,000 | $97,332 | 1,227 |
| 2019–20 | $40,816 | $107,066 | 1,221 |
| 2018–19 | $39,519 | $88,620 | 1,176 |
| 2017–18 | $38,176 | $115,985 | 1,161 |
| 2016–17 | $37,427 | $92,477 | 1,160 |
| 2015–16 | $35,924 | $109,225 | 1,110 |
| 2014–15 | $35,406 | $77,798 | 1,060 |
| 2013–14 | $34,842 | $61,681 | 1,013 |
| 2003–04 | $24,329 | $39,225 | 1,222 |
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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.