In Bankstown Balance, 5% of the population earned an income of $1,500 or more per week in 2011.
Individual Income statistics are an indicator of socio-economic status. With other data sources, such as Household Income, Qualifications and Occupation, they help tell the story of the economic opportunities and socio-economic status of Bankstown Balance. The amount of income an individual receives is linked to a number of factors including employment status, age (as for instance students and retirees often receive a lower income), qualifications and type of employment.
The incomes presented on this page are for the latest Census year only. For comparison of incomes over time, go to Individual Income Quartiles.
Derived from the Census question:
'What is the total of all wages/salaries, government benefits, pensions, allowances and other income the person usually receives?'
Gross amount for persons aged 15 years and over
|Weekly individual income|
|Bankstown Balance - Persons aged 15+ (Usual residence)||2011|
|Weekly gross income||Number||%||Bankstown City %|
|Negative Income/ Nil income||1,295||13.5||10.8||29001|
|$2000 or more||183||1.9||2.8||29011|
|Total persons aged 15+||9,603||100.0||100.0|
Source: Australian Bureau of Statistics, Census of Population and Housing (opens a new window) 2011. Compiled and presented in profile.id by .id (opens a new window), the population experts.
(Usual residence data)
Compiled and presented in profile.id by .id, the population experts.
Analysis of individual income levels in Bankstown Balance in 2011 compared to Bankstown City shows that there was a lower proportion of people earning a high income (those earning $1,500 per week or more) and a higher proportion of low income people (those earning less than $400 per week).
Overall, 5.0% of the population earned a high income, and 49.6% earned a low income, compared with 7.3% and 44.0% respectively for Bankstown City.
The major differences between Bankstown Balance's individual incomes and Bankstown City's individual incomes were:
- A larger percentage of persons who earned Negative Income/ Nil income (13.5% compared to 10.8%)
- A larger percentage of persons who earned $200-$299 (16.4% compared to 13.8%)
- A smaller percentage of persons who earned $1500-$1999 (3.1% compared to 4.5%)
- A smaller percentage of persons who earned $800-$999 (6.5% compared to 7.7%)