1344.8.55.001 - ACT Stats, 2005  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 12/09/2005   
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Canberrans have equal highest household income: ABS

Canberrans had the equal highest average gross household incomes in Australia during 2003-04, according to a new analysis released by the Australian Bureau of Statistics (ABS) today.

Both the Australian Capital Territory and Northern Territory recorded weekly household incomes of around $1,400 a week, compared with the national average of $1,128.

ACT households also had the highest average equivalised disposable income of any capital city in Australia at $670 per week, followed by Darwin ($640) and Sydney ($620). The national average was $580 per week (see media note).

In contrast, the average net worth of Canberra households ($505,000) was only just above the national average ($503,000) (see media note).

Further details are available in ACT Stats: Household Income and Income Distribution in the ACT (cat. no. 1344.8.55.001).

Media note: Average equivalised disposable allows comparison of income levels between households of differing size and comparison. Average net worth is the value of a household's assets less the value of its liabilities.