For example, 25% of people living in Tasmania and South Australia are in the lowest 20% income group, while 23% of people in Western Australia and around 30% of people in the Territories are in the highest 20% income group.
The worst performing states are Tasmania, with incomes 26% below the national income and wealth average, as well as South Australia which is 19% below the average household income and 20% below the national net wealth.
New South Wales: a diverse economy and high income
Among all the states and territories in Australia, New South Wales is considered the richest state. It has the largest economy, a diverse range of industries, and a higher-than-average income, which contribute to its status as the wealthiest state.
According to the American Community Survey's (ACS) 2019 estimate, Utah is the most equal state when it comes to income, while New York is the most unequal by this measure, with the Gini indices, before taxes and transfer, of 0.4268 and 0.5149, respectively. Note that the uncertainties are not shown in the table.
5. Sole-parent families and renters over 65 years are the hardest hit by poverty. Australians most likely to be living in poverty are older people who are renting, sole-parent families or families with children reliant on part-time earnings.
From 1 July 2022 you may be eligible for the low income tax offset only, if you earn up to $66,667. Between 2018–19 and 2021–22, you may have been eligible to receive one or both of the: low income tax offset – if you earn up to $66,667. low and middle income tax offset – if you earn up to $126,000.
The poverty line based on 50% of median household income ranged from $489 per week for a single person to $1,027 per week for a couple with two children. More than one in eight people (13.4%) and one in six children (16.6%) lived below the poverty line after taking account of their housing costs.
Mississippi is the poorest state in the US, with a poverty rate of 18.7%. Despite the state's rich history, cultural heritage, and abundance of natural resources, poverty remains a pervasive issue.
Mississippi is the poorest U.S. state, with 18.8% of its residents living in poverty. The state also has the highest child poverty rate, with 27.9% of its under-18 population meeting federal poverty guidelines.
Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).
After maintaining the highest standard of community well-being for seven consecutive years, it comes as no surprise that the Australian Capital Territory (ACT) cemented itself as the best place to live in Australia. WATCH NOW: Wombats are itching to death in Canberra.
No suburb in the country features a greater concentration of members of The List – Australia's Richest 250 than Toorak, where Melbourne's wealthiest families have gathered for decades. Think historic looking mansions guarded by large hedges set back from the street to ensure privacy.
The ACT, the home of Canberra, has the nation's highest average full-time salary of $99,247 in a city with high-paying public service roles, despite a slowdown in public sector wage growth.
Australian median house prices by capital city
Well, Adelaide is actually Australia's most affordable capital city for renters ($534), while Sydney is the most expensive ($711), according to the latest CoreLogic rental data.
Victoria's unemployment rate has fallen again and continues to be the lowest of all Australian states, the Australian Bureau of Statistics (ABS) reported today.
Looking for the easiest place in Australia to find a job? As of October 2022, the answer is Canberra! That's according to the Australian Bureau of Statistics, which releases its figures for vacancy rates around Australia every quarter.
In the United States (in 2017), the place with the lowest median household income was Little River, California (population 117), while the place with the lowest median household income with a population of more than 1,000 was Comerío Zona Urbana in Comerío, Puerto Rico (population 4,312).
The richest states in the US are New York, Massachusetts, Washington, California, North Dakota, Connecticut, Delaware, Alaska, Nebraska, and Illinois. The richest state in America is New York, with a GDP per capita of $96,502.
There are nine states with no income tax – Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming, One of those states, however — New Hampshire — does tax dividends and interest.
In 2020, the average American contributed 8.9% percent of their income in state taxes. Alaska had the lowest average overall tax burden – measured as total individual taxes paid divided by total personal income – at 5.4%, followed by Tennessee (6.3%), New Hampshire (6.4%), Wyoming (6.6%) and Florida (6.7%).
Mungallala Methodist Church was built in 1964. It has now closed. In 2016, the Australian Taxation Office listed Mungallala as having the lowest mean taxable income by postcode, making it the poorest town in Australia, which led the ABC to do a documentary on the town for their online "storyhunters" program.
Australia is one of the richest countries in the world, yet, 1 in 8 of us live in poverty today. That's more than 3 million people in Australia living in poverty*.
Causes of poverty and inequality in Australia. A combination of factors contribute to poverty – a lack of money or resources for the basic needs of life – and inequality – unequal distribution of income and wealth.