Characteristics of Employment, Australia. In August 2022: Median employee earnings was $1,250 per week, an increase of $50 since August 2021 (4.2%).
In general, you should aim for the average wage or higher. In other words, a good salary in Australia is anything between $90,000 and $108,000 a year or $7,500 to $9,000 a month. The median income is $72,000 a year, which is a good reference point as to how much you should be earning.
The average full time salary in Australia is $68,585 per year or $35.17 per hour. Entry-level positions start at $56,996 per year, while most experienced workers make up to $103,635 per year.
Average Salary in Australia (2023)
The average weekly earnings for all employees in Australia is AU$1,344 (or AU$69,888 per year), according to the latest figures from the Australian Bureau of Statistics (August 2022). The average weekly earnings for full-time adult workers is AU$1,769 (seasonally adjusted).
21 to 34: $1,127.60. 35 to 44: $1,503.70. 45 to 54: $1,544.20. 55 & older: $1,373.40.
A good monthly income in California is $3,886, based on what the Bureau of Economic Analysis estimates that Californians pay for their cost of living. A good monthly income for you will depend on what your expenses are and how much you typically spend per month.
It then goes on to describe those middle income Australians as individuals earning between $120,000 and $160,000 a year.
Globally, the study found that the ideal income point for an individual is $95,000 for life satisfaction and between $60,000 to $75,000 for emotional well-being. In North America, the individual income level for life satisfaction was found to be $105,000 per year.
Our 2022 Poverty in Australia Snapshot found that there are 3.3 million people (13.4%) living below the poverty line of 50% of median income, including 761,000 children (16.6%). In dollar figures, the poverty line works out to $489 a week fir a single adult and $1,027 a week for a couple with 2 children.
For the youngest generation, $428,474 is needed to classify yourself as rich. That's more than six times greater than the median personal income of $52,338, according to the Australian Bureau of Statistics.
1. Surgeons: $394,303. Taking out the top spot on this list and earning a whopping average of $394,303 per year are surgeons.
Middle Class Defined by Region. According to the U.S. Census Bureau, the median income in 2021 was $70,784. So American families earning between $47,189 and $141,568 are technically in the middle class, according to the Pew Research Center's definition.
Find out what the average Teacher salary is
The average teacher salary in Australia is $85,852 per year or $44.03 per hour. Entry-level positions start at $72,142 per year, while most experienced workers make up to $125,429 per year.
The widely reported ASFA Retirement standard suggests a single person can enjoy a 'comfortable lifestyle' on around $46,000 a year, so it stands to reason they should be able to live more than comfortably on $50,000.
How much does a Doctor make in Australia? The average doctor salary in Australia is $160,875 per year or $82.50 per hour. Entry-level positions start at $126,192 per year, while most experienced workers make up to $234,000 per year.
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.
The general consensus is that today, it is very difficult to live on the minimum wage in Australia. In 2021, the minimum wage was $3,090.40 per month. In 2019, the living wage was estimated to be $1,180 to $1,900 per month for a single adult. For a typical family, this can vary from $1,730 to $2,980.
The average registered nurse salary in Australia is $80,491 per year or $41.28 per hour. Entry-level positions start at $76,910 per year, while most experienced workers make up to $99,500 per year.
Hourly pay at McDonald's Corporation ranges from an average of AU$11.02 to AU$25.08 an hour. McDonald's Corporation employees with the job title Fast Food Worker make the most with an average hourly rate of AU$12.33, while employees with the title Fast Food Worker make the least with an average hourly rate of AU$12.33.
Coober Pedy, South Australia
A popular tourist stop between Adelaide and Alice Springs, this town is one of the cheapest places to live in the entire country—if not the cheapest.
Melbourne is considered by some to be the best city to live in Australia, and has even been ranked as the world's most livable city more than once. It's home to a thriving live music scene, late-night bars and laneways dotted with cafés and coffee shops.