On the continuing theme of “beware-the-average” I am reviewing the latest data from the Australian Bureau of Statistics [ABS] which recently released their Estimates of Personal Income for Small Areas.
It presents regional data on the number of income earners and amounts they received in the 2012-13 financial year.
In both Budget and Election season, the debates rage over “working Australians” or “the average income”… Let’s hope we can avoid the “binary” economic and social debates and consider the importance of PLACE and the needs for differential policy responses, customised and tailored to meet need, rather than interests…
Consider Median Income Levels across Australia in 2013.
These ABS statistics enable users to analyse the level, composition and distribution of personal income in regions. They provide insights into the nature of regional economies and the economic well-being of the people who live there. Questions such as ‘What is the median total income in my area?’ or ‘How does my region compare with a neighbouring area?’ can be answered by using these data.
One and Ten Percent
The chart below compares the percentage of highest income earners [The top 1% and Top 10%] across Victoria, including both Local Government Area [LGA] and Local Learning and Employment Network [LLEN].