In Glen Iris, 42% of households earned an income of $2,500 or more per week in 2011.
Households form the common 'economic unit' in our society. Glen Iris's Household Income is one of the most important indicators of socio-economic status. With other data sources, such as Qualifications and Occupation, it helps to reveal the economic opportunities and socio-economic status of Glen Iris. It is important to note that income data is not necessarily a measure of wealth. For example, if an area has a large number of retirees this will produce a higher proportion of households with low income but the retirees may have large capital wealth. For this reason, household income should be viewed in conjunction with Age and Household Composition.
The incomes presented on this page are for the latest Census year only. For comparison of incomes over time, go to Household 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?'
|Weekly household income|
|Glen Iris - Total households (Enumerated)||2011|
|Weekly income||Number||%||City of Boroondara %|
|Negative Income/Nil Income||67||1.3||1.9||28001|
|$5000 or more||298||5.7||5.6||28017|
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.
Compiled and presented in profile.id by .id, the population experts.
Analysis of household income levels in Glen Iris in 2011 compared to the City of Boroondara shows that there was a larger proportion of high income households (those earning $2,500 per week or more) and a lower proportion of low income households (those earning less than $600 per week).
Overall, 41.8% of the households earned a high income and 11.2% were low income households, compared with 35.2% and 14.6% respectively for the City of Boroondara.
The major differences between the household incomes of Glen Iris and the City of Boroondara were:
- A larger percentage of households who earned $2500-$2999 (15.4% compared to 12.7%)
- A larger percentage of households who earned $3000-$3499 (10.5% compared to 8.2%)
- A smaller percentage of households who earned $1250-$1499 (4.7% compared to 5.9%)