Annual / Monthly / Weekly / Hourly Converter If you make $70,000 per year, your hourly salary would be $35.43. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 38 hours a week.
The average wage in Australia is around $74,000. This is more than enough to live very comfortably. It depends of course on your definition of comfort. The ideal lowest wage varies greatly with where you live.
If you make $70,000 a year living in Australia, you will be taxed $14,617. That means that your net pay will be $55,383 per year, or $4,615 per month.
If you make $75,000 a year living in Australia, you will be taxed $16,342. That means that your net pay will be $58,658 per year, or $4,888 per month.
$40 an hour is how much a year? If you make $40 an hour, your yearly salary would be $83,200.
If you make $80,000 a year living in Australia, you will be taxed $18,067. That means that your net pay will be $61,933 per year, or $5,161 per month.
$25 an hour is how much a year? If you make $25 an hour, your yearly salary would be $52,000.
Only another 14.9 per cent had taxable incomes exceeding $80,000 a year. So a taxpayer with an income of $80,000 a year is therefore in the top 20 per cent of Australians.
Generally speaking, you should shoot for at least the mean wage. A good salary in Australia might be anything from AU$ 90,000 to AU$ 108,000. A decent benchmark for what you should make is the median salary of $72,000 per year.
If you make $72,000 a year living in Australia, you will be taxed $15,307. That means that your net pay will be $56,693 per year, or $4,724 per month. Your average tax rate is 21.3% and your marginal tax rate is 34.5%.
If you make $70,000 per year, your hourly salary would be $35.43. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 38 hours a week.
Experience – For someone starting out in their career, $60k is a reasonable pay. People with only 1-5 years of professional experience typically have fewer expenses as well. Family size – If you're a single person, $60k a year will get you further than someone trying to support a family.
If you make $100,000 a year living in Australia, you will be taxed $24,967. That means that your net pay will be $75,033 per year, or $6,253 per month.
There is no “one size fits all” plan for all but it is understood that an individual may need approximately $20,000 each year and an average family needs more than $50,000 a year to get by in Australia.
Average rent around the country
A 2023 CoreLogic rental report lists the median weekly rent as $570 across all dwellings, or $594 in capital cities. Continuing on a national scale but looking at dwelling types, we can see that median weekly rent is currently: Nationally: $582 for a house.
Average Australian Salaries in 2023
A taxable income that was $131,501 or higher was within the top 10% of earners in Australia last year. About 5% of taxpayers had incomes above $180,000.
Australia has a far higher minimum wage, never ending welfare and less poverty. This also contributes to Australia being far safer. Australia has universal healthcare. Being sick does not bankrupt people in Australia, while every American is an illness with insurance decline away from bankruptcy.
The Australian middle class has a median household income of AUD$80,000. This statistic is a key indicator of the financial health of the Australian middle class.
$100,000/year is above an average salary and if you're frugal enough, on $100,000/year, you should be able to live a good life and save some money too. Usually if you consider living in desirable locations of cities like Melbourne and Sydney, most of your income will be consumed in the house rents.
So if you're on $100k or more, congratulations, you're in the top 20% of Aussie income earners. If not, don't worry, you're in the good company of 80% of Aussies.
$45 an hour is how much a year? If you make $45 an hour, your yearly salary would be $93,600.
$27 an hour is how much a year? If you make $27 an hour, your yearly salary would be $56,160.
If you make $35 an hour, your yearly salary would be $72,800.
Yes, AUD 90k is a decent salary to live in Melbourne and have a good life, but you won't be able to save much (or anything at all).