City of Belmont
In City of Belmont, 19% of households earned $2,500 or more per week.
Households form the common 'economic unit' in our society. City of Belmont's Household Income is one of the most important indicators of socio-economic status. With other data sources, such as Educational Qualifications and Occupation, it helps to reveal the economic opportunities and socio-economic status of City of Belmont. 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|
|City of Belmont||2011|
|Weekly income||Number||%||EMRC area|
|Negative Income/Nil Income||209||1.5||1.2||28001|
|$5000 or more||196||1.4||1.5||28017|
Analysis of household income levels in City of Belmont in 2011 compared to EMRC area shows that there was a smaller proportion of high income households (those earning $2,500 per week or more) and a higher proportion of low income households (those earning less than $600 per week).
Overall, 18.6% of the households earned a high income, and 22.6% were low income households, compared with 20.0% and 18.1% respectively for EMRC area.
The major differences between the household incomes of City of Belmont and EMRC area were:
- A larger percentage of households who earned $300-$399 (7.8% compared to 5.5%)
- A smaller percentage of households who earned $2000-$2499 (7.7% compared to 8.9%)