Australian Census 2011 demographic map - Australia by SLA - BCP field 0115 Median total household income weekly

Median household income The median income is the income amount that divides a population into two equal groups, half having an income above that amount, and half having an income below that amount. It may differ from the mean (or average) income. Both of these are ways ...

is commonly used to measure the relative prosperity of populations in different geographical locations. It divides households into two equal segments with the first half of households earning less than the median household income and the other half earning more.

New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island coun ...

and

Australia Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. With an area of , Australia is the largest country by ...

are gradually being economically integrated through a process known as "

Closer Economic Relations The Australia–New Zealand Closer Economic Relations Trade Agreement, commonly known as Closer Economic Relations (CER), is a free trade agreement between the governments of New Zealand and Australia. It came into force on 1 January 1983, but ...

(CER)". Their citizens are free to travel, live and work in either country. Information about their relative median household incomes is of interest, especially for those considering migration. The latest release shows that the median gross household income in 2013–2014 was $80,704, and the average of all households was $107,276.

Median household income in NZ 2004–2008

Median weekly household income in NZ increased at a rate of about 3.5% a year from 2004 to 2008. In June 2004 it was (NZ)$992, June 2005 was $1,040, June 2006 was $1,129, June 2007 was $1,203, June 2008 was $1,271.

Median household income in NZ 2009–2011

Median weekly household income in NZ fell slightly or stagnated from 2009 to 2010 during the "great recession" period. In June 2009 it was $1,234 and June 2010 it was $1,236. In 2011 household incomes recovered to beyond the high of 2008 again – median weekly household incomes increased again to $1,289.

Median household income in 2007–2008

Income data for each state (or territory) has been converted to U.S. dollars using

purchasing power parity Purchasing power parity (PPP) is the measurement of prices in different countries that uses the prices of specific goods to compare the absolute purchasing power of the countries' currencies. PPP is effectively the ratio of the price of a bask ...

for private and public consumption. This is done because it provides a more accurate and stable assessment of the true value of citizens' incomes in diverse countries. ''Main source: Australian Bureau of Statistics, Household Income and Income Distribution, Australia 2007–08 .'' '' Note : The NZ figure is Average Household Income and not Median Household Income. No source for Median Income found. The figure for NZ Median Household Income is likely to be slightly less. Note: GDP per capita cannot be used to predict median household income (See

median household income The median income is the income amount that divides a population into two equal groups, half having an income above that amount, and half having an income below that amount. It may differ from the mean (or average) income. Both of these are ways ...

).''

Median household income in 2011–2012

There were no significant changes in income between 2009–10 and 2011–12.

Median gross household income in 2013–2014

The median gross household income in 2013–2014 was $80,704.

Median gross household income in 2017–2018

The median gross household income in 2017-2018 is A$1,701 per week or A$88,695 per year. As of 30 June 2018 (end of fiscal year), one Australia dollar is equivalent of 0.7406 U.S. dollar. Using this exchange rate, the median gross household income in Australia is US$65,687 in 2017–18.

References

{{DEFAULTSORT:Median Household Income in Australia and New Zealand Economy of Australia Economy of New Zealand Australia and New Zealand