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6524.0.55.002 - Estimates of Personal Income for Small Areas, Time Series, 2003-04 to 2007-08  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 14/09/2010   
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MEDIA RELEASE
14 September, 2010
Embargo: 11.30 am (Canberra Time)
110/2010

Prahran tops Victoria's income list


People living in the inner-city area of Prahran earn some of Victoria's highest incomes, according to figures released today by the Australian Bureau of Statistics (ABS).

The area of Stonnington-Prahran recorded the highest average total income in Victoria in 2007-08 ($82,910), followed by Bayside-Brighton ($80,948).

Stonnington-Malvern ($77,316), Boroondara-Kew ($75,385) and Port-Phillip-West ($73,187) round out the top five.

Around 16% of regions in Victoria recorded average total incomes above the state average ($43,704). Of these, all but 3 were located within the Melbourne metropolitan area.

Outside of Melbourne, highest average total incomes were recorded in Newtown in Geelong ($51,181), Macedon Ranges-Balance, north-west of Melbourne ($47,546), and Latrobe-Traralgon ($44,855).

These data include income from wages and salaries, own unincorporated business, investment, and superannuation and annuities, but do not include government pensions and allowances.

Further information is available in Estimates of Personal Income for Small Areas, 2003-04 to 2007-08 (cat. no. 6524.0.55.002).

Media note:

When reporting ABS data the Australian Bureau of Statistics (or the ABS) must be attributed as the source.

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