Household income and wealth

Dynamic economy that shares prosperity

Release date and time

15/09/2025 11:30am AEST

Released 15/09/2025

Metrics

Median equivalised weekly disposable household income
Average household wealth

Why this matters

Income or wealth are the economic resources that households use to buy necessary goods and services for a decent living.

Progress

Median equivalised disposable household income

In 2022-23, the median equivalised disposable household income was $1,192 per week (in June 2023 prices), compared with $876 in 2002-03 (in June 2023 prices).

Additional data from the ABS Survey of Income and Housing (SIH) shows that in 2019-20, the median equivalised disposable household income was $1,109 per week (in June 2023 prices), compared with $1,024 in 2007-08 (in June 2023 prices).

Median weekly equivalised disposable household income (a)
	HILDA (b) ($)	SIH ($)
2002-03	876.40
2003-04	913.78
2004-05	944.98
2005-06	975.37
2006-07	1,035.04
2007-08	1,037.12	1,024.28
2008-09	1,109.68
2009-10	1,074.30	1,008.10
2010-11	1,075.90
2011-12	1,098.34	1,057.81
2012-13	1,096.49
2013-14	1,097.32	1,075.15
2014-15	1,099.20
2015-16	1,098.48	1,054.34
2016-17	1,092.33
2017-18	1,115.79	1,070.52
2018-19	1,160.20
2019-20	1,175.63	1,108.68
2020-21	1,227.35
2021-22	1,211.96
2022-23	1,191.54

Median weekly equivalised disposable household income (a)

["","HILDA (b)","SIH"]

[["2002-03","2003-04","2004-05","2005-06","2006-07","2007-08","2008-09","2009-10","2010-11","2011-12","2012-13","2013-14","2014-15","2015-16","2016-17","2017-18","2018-19","2019-20","2020-21","2021-22","2022-23"],[[876.401571016351],[913.784258947064],[944.983538320438],[975.373101227367],[1035.04475745773],[1037.11690109686],[1109.68362919132],[1074.29916541669],[1075.89863628313],[1098.33940055527],[1096.49478611581],[1097.32408034717],[1099.19985958343],[1098.48439559312],[1092.33189444464],[1115.78878554831],[1160.19773640015],[1175.6275815624],[1227.34890012491],[1211.96477100632],[1191.53776622997]],[[null],[null],[null],[null],[null],[1024.28188499784],[null],[1008.09684392564],[null],[1057.80804150454],[null],[1075.14915693904],[null],[1054.33981841764],[null],[1070.52485948984],[null],[1108.67531344574],[null],[null],[null]]]

[]

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In June quarter 2023 prices, adjusted using changes in the Consumer Price Index.
HILDA results are custom analysis of the HILDA survey, funded by the Australian Government Department of Social Services and managed by the Melbourne Institute. Using regular disposable income, which excludes large irregular payments.

Data Source

Household, Income and Labour Dynamics in Australia (HILDA) survey

Average household wealth

Average household wealth (net worth) was $1.584m in 2024, up from $858,000 in 2014 and $530,000 in 2004.

Average household wealth (net worth)
	Average household wealth (net worth) (a)(b) ($'000)
2004	530
2005	567
2006	645
2007	715
2008	712
2009	678
2010	762
2011	774
2012	765
2013	794
2014	858
2015	941
2016	986
2017	1,073
2018	1,097
2019	1,100
2020	1,145
2021	1,332
2022	1,441
2023	1,470
2024	1,584

Average household wealth (net worth)

["","Average household wealth (net worth) (a)(b)"]

[["2004","2005","2006","2007","2008","2009","2010","2011","2012","2013","2014","2015","2016","2017","2018","2019","2020","2021","2022","2023","2024"],[[530.4932102],[566.9124331],[644.7654962],[714.9879087],[712.3911238],[678.3121853],[761.8362402],[773.6011474],[764.5027986],[794.2240994],[858.4391957],[940.577951],[985.7859654],[1072.865115],[1096.662021],[1100.204018],[1144.582775],[1332.485481],[1440.738672],[1470.260648],[1583.766125]]]

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Calculated by dividing total household wealth (net worth) by household projections for the same year using the latest available projections for each year. Sources: National accounts: finance and wealth (Table 35); Household and family projections (Series II).
Expressed in nominal terms.