This topic has been updated with 2016 Census data for all areas. What's this?
In Myrtle Bank, 26% of households earned an income of $2,500 or more per week in 2016.
Households form the common 'economic unit' in our society. Myrtle Bank'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 Myrtle Bank. 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:
|Weekly household income|
|Myrtle Bank - Total households (Enumerated)||2016|
|Weekly income||Number||%||City of Unley %|
|$1 - $149||10||1.0||0.8||28002|
|$150 - $299||10||1.0||1.9||28003|
|$300 - $399||24||2.3||2.6||28004|
|$400 - $499||84||8.1||5.8||28005|
|$500 - $649||51||4.9||4.3||28006|
|$650 - $799||91||8.7||6.0||28007|
|$800 - $999||59||5.7||5.7||28009|
|$1,000 - $1,249||95||9.1||7.2||28010|
|$1,250 - $1,499||65||6.2||6.5||28011|
|$1,500 - $1,749||41||3.9||5.3||28012|
|$1,750 - $1,999||39||3.7||5.0||28013|
|$2,000 - $2,499||88||8.5||9.5||28014|
|$2,500 - $2,999||54||5.2||5.8||28015|
|$3,000 - $3,499||38||3.7||4.6||28016|
|$3,500 - $3,999||53||5.1||5.5||28017|
|$4,000 - $4,499||29||2.8||2.7||28018|
|$4,500 - $4,999||36||3.5||3.2||28019|
|$5,000 - $5,999||32||3.1||3.4||28020|
|$6,000 - $7,999||25||2.4||2.6||28021|
|$8,000 or more||6||0.6||0.4||28022|
Source: Australian Bureau of Statistics, Census of Population and Housing (opens a new window) 2016. 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 Myrtle Bank in 2016 compared to City of Unley 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 $650 per week).
Overall, 26.2% of the households earned a high income and 18.3% were low income households, compared with 28.2% and 17.0% respectively for City of Unley.
The major differences between the household incomes of Myrtle Bank and City of Unley were:
- A larger percentage of households who earned $650 - $799 (8.7% compared to 6.0%)
- A larger percentage of households who earned $400 - $499 (8.1% compared to 5.8%)
- A larger percentage of households who earned $1,000 - $1,249 (9.1% compared to 7.2%)
- A smaller percentage of households who earned $1,500 - $1,749 (3.9% compared to 5.3%)