Business · Economy · 13 hrs ago
Income in Melbourne varies by age, sex and area
Income data for Greater Melbourne shows how earnings differ by age, sex and area.
In 2022-23, the most recent year available, men aged 45-54 had the city’s highest median income at $96,547, compared with $69,620 for women in the same age group.
Across all ages, the median was $68,312 for men and $52,283 for women.
Bayside had the highest median income among Melbourne’s 40 areas, while Melbourne City had the lowest.
The figures cover individual pre-tax income from wages, investments, self-owned businesses and, where relevant, superannuation, but do not include assets such as housing or shares.
They also do not separate part-time and full-time workers, which can help explain some of the gap between men’s and women’s incomes.
The data shows income typically rising from early adulthood and peaking around ages 45-54, while the gender gap widens with age.
Men aged 45 to 54 had the highest median income among Melbourne age and sex groups in 2022-23, at $96,547.
The median annual income across Greater Melbourne was $59,784.
Bayside had the highest area median income, at $86,879, while Melbourne City had the lowest, at $48,382.
Men had higher median incomes than women in every Melbourne area and age bracket, and the gap widened with age.
The data covers individual pre-tax income from wages, investments, self-owned businesses and, where applicable, superannuation.
- Who
- Workers and income earners across Greater Melbourne, compared by age, sex and area.
- What
- An analysis shows how median income varies across those groups and areas.
- When
- The figures cover 2022-23, the most recent year for which the data was available.
- Where
- Greater Melbourne, Australia.
- Why
- The analysis examines differences in income by age, sex and area; the article also discusses factors that may contribute to the gender income gap.
This story does not have two clearly opposing sides.
This can constrain their participation, working hours and career choices, contributing to a ‘motherhood penalty’ in pay.
A gender income gap that persists and widens through working life leads to the gender wealth gap, affecting women’s economic security not only today but across their entire lifetime and into retirement.
This story does not have a timeline yet.
- Greater Melbourne median income
- $59,784 a year
- Men aged 45-54, Greater Melbourne
- $96,547 median income in 2022-23
- Women aged 45-54, Greater Melbourne
- $69,620 median income in 2022-23
- Highest area median income
- Bayside: $86,879
- Lowest area median income
- Melbourne City: $48,382
- Largest area income gap
- Macedon Ranges: 59.2 per cent
Sources
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