Cost of Living in Australia
Jun 3rd 2013, 11:28 am
#46
Lost in BE Cyberspace
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Re: Cost of Living in Australia
I bet they have 3, 60" flatscreens that they watch The Voice on. I bet they love a bit of TAB down the local on Saturday afternoons. I bet they both own a boat/jet ski or dirk bike if beyond 50km's inland.
Jun 4th 2013, 1:43 pm
#47
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Location: The REAL Utopia.
Posts: 9,910
Re: Cost of Living in Australia
The published average wage in Oz is highly skewed by the population. A small number of high earners biases the number. It is probably closer to $55k. Add in that a lot of families have a member either not working or working part time and it is probably closer to $75k a year household income
Jun 5th 2013, 12:05 am
#48
Forum Regular
Joined: Mar 2013
Posts: 255
Re: Cost of Living in Australia
The figure of $44,000 that you quote, probably includes part time workers, and all ages from 15 years up. However, when I calculate that group, I get a median of about $49,000.
Where did the $44,000 figure come from ?
May 2012
Median weekly total cash earnings in May 2012 were $963.00 ($50,076 pa) for all employees.
One quarter of all employees earned $588.00 or less and one quarter of all employees earned $1,462.00 or more.
Part-time employees accounted for 36.9% of all employees and had average weekly total cash earnings of $560.00 (A$29,120 pa)
The majority of employees (79.2%) were employed on a permanent or fixed term basis and had average weekly total cash earnings of $1,276.10 (A$66,357 pa)
Casual employees accounted for 20.8% of employees and had average weekly total cash earnings of $538.20 (A$27,968 pa)
You may be interested in the 2002-03 breakdown of median wages:One quarter of all employees earned $588.00 or less and one quarter of all employees earned $1,462.00 or more.
Part-time employees accounted for 36.9% of all employees and had average weekly total cash earnings of $560.00 (A$29,120 pa)
The majority of employees (79.2%) were employed on a permanent or fixed term basis and had average weekly total cash earnings of $1,276.10 (A$66,357 pa)
Casual employees accounted for 20.8% of employees and had average weekly total cash earnings of $538.20 (A$27,968 pa)
2002-2003 Median Annual Wage and Salary Income for Australia
All Australian Median wage, for all employees 15 years of age or over, was $32,697
Age 15-24 $16,501 = 50.5% of National Median Wage
Age 25-34 $35,605 = 108.9% of National Median Wage
Age 35-44 $37,991 = 116.2% of National Median Wage
Age 45-54 $38,616 = 118.1% of National Median Wage
Age 55+ $34,410 = 105.2% of National Median Wage
www.abcdiamond.com/australia/australian-median-wage/
Age 15-24 $16,501 = 50.5% of National Median Wage
Age 25-34 $35,605 = 108.9% of National Median Wage
Age 35-44 $37,991 = 116.2% of National Median Wage
Age 45-54 $38,616 = 118.1% of National Median Wage
Age 55+ $34,410 = 105.2% of National Median Wage
www.abcdiamond.com/australia/australian-median-wage/
Jun 5th 2013, 3:33 am
#49
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Joined: Nov 2006
Location: Blue Mountains, NSW
Posts: 5,523
Re: Cost of Living in Australia
You've been away for too long, ABCD
Jun 5th 2013, 5:49 am
#51
Lost in BE Cyberspace
Joined: Feb 2005
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Re: Cost of Living in Australia
Yes Where did you get your 44K figure from Chris or are you playing your fantasy cloud cuckoo games again ?
Sure there are people struggling here, but when you start phucking with legitmate figures to give reason for your obvious misgivings with this country then one has to wonder at your mindset and state.
I cannot believe you continue on with your obviously warped sense of reality time and time and time and time and time again.
Some newcomers to the site maybe silly enough to take your posts seriously.
Sure there are people struggling here, but when you start phucking with legitmate figures to give reason for your obvious misgivings with this country then one has to wonder at your mindset and state.
I cannot believe you continue on with your obviously warped sense of reality time and time and time and time and time again.
Some newcomers to the site maybe silly enough to take your posts seriously.
Jun 5th 2013, 11:36 am
#52
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: Cost of Living in Australia
No changes from you then 
Jun 5th 2013, 11:48 am
#53
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Joined: Mar 2013
Posts: 255
Re: Cost of Living in Australia
Ah... I see now. The $44,000 may not be real ?
Jun 5th 2013, 11:07 pm
#55
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Joined: Mar 2013
Posts: 255
Re: Cost of Living in Australia
I heard someone say that 50% of the population earns over $100,000.
That is therefore just as "apparently real".
How can either figure be verified ?
I did see something from the ATO that shows recently released average figures for taxpayers, which has an individuals income figure of $44,000, but that was average AFTER TAX income.
Is that your figure ?
That is therefore just as "apparently real".
How can either figure be verified ?
I did see something from the ATO that shows recently released average figures for taxpayers, which has an individuals income figure of $44,000, but that was average AFTER TAX income.
Is that your figure ?
Jun 6th 2013, 7:50 am
#56
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Joined: Jan 2010
Posts: 188
Re: Cost of Living in Australia
Some examples of average prices ? as percentage of average income ?
Let's use ALDI prices as examples in both countries ?
using $914 Weekly Disposable income after tax and mortgage
compared to ??? for the UK.
$ 0.99 650g/700g BAKERS LIFE ™ White Sandwich Sliced
$ 1.49 650g/700g BAKERS LIFE ® Multigrain Bread
$ 1.99 2L FARMDALE ® Milk Full Cream
$ 2.99 340g HYDALE ® Corned Beef Canned
$ 2.99 2kg Imperial Grain ® Long Grain White Rice
$ 2.99 500g BRANNANS BUTCHERY ® Sausages Pork/Italian Fresh
$ 6.00 1kg COWBELLE ® Tasty Natural Cheddar Cheese Block
$ 7.99 Per kg Pebble Creek ® Pork Leg Roast Boneless Fresh
That small group of groceries is $27.43 or 3% of the median weekly family disposable income.
How does that compare to other ALDI stores ?
But then... the cost of Electricity ??? It is VERY expensive. !!
cents per kilowatt hour
25.378 normal power meter (£0.17) inc GST/VAT
12.110 Hot water meter (£0.08)
Maybe prices are high because we are all middle class
Let's use ALDI prices as examples in both countries ?
using $914 Weekly Disposable income after tax and mortgage
compared to ??? for the UK.
$ 0.99 650g/700g BAKERS LIFE ™ White Sandwich Sliced
$ 1.49 650g/700g BAKERS LIFE ® Multigrain Bread
$ 1.99 2L FARMDALE ® Milk Full Cream
$ 2.99 340g HYDALE ® Corned Beef Canned
$ 2.99 2kg Imperial Grain ® Long Grain White Rice
$ 2.99 500g BRANNANS BUTCHERY ® Sausages Pork/Italian Fresh
$ 6.00 1kg COWBELLE ® Tasty Natural Cheddar Cheese Block
$ 7.99 Per kg Pebble Creek ® Pork Leg Roast Boneless Fresh
That small group of groceries is $27.43 or 3% of the median weekly family disposable income.
How does that compare to other ALDI stores ?
But then... the cost of Electricity ??? It is VERY expensive. !!
cents per kilowatt hour
25.378 normal power meter (£0.17) inc GST/VAT
12.110 Hot water meter (£0.08)
Maybe prices are high because we are all middle class
Thus an FJ holden in 1950 cost 94 x the toolmakers weekly wage of 8 quid,probably for 45 or 48 hrs.
When the yanks brought in the federal deposit insurance scheme (FDIS) during the aftermath of the depression the max was US$5000,then that was 12 yrs average wages.Took the rest of the world a while to bring this in,I think in the UK the max is 30k but could be more,did they drop it here to $250K?The FDIS has not kept pace with inflation and is now US$100k from memory.
Always seemed to be the best way to me,compare prices from any era in any country.When inflation was roaring in the 70's the YOY wage rise from march73 to march 74 was around 36.4% in OZ.
We were getting power from ship's generators on the Tyne to keep work going in the shipyards.Coal strike ,3 day week due to lack of electricity,the winter of discontent.Six people crammed into a Hillman Hunter getting a lift in to work.As we all liked a drink the smell of stale beer was shocking.
I hope the good old days never come back.
geordie downunder
Jun 6th 2013, 6:10 pm
#57
Lost in BE Cyberspace
Joined: Nov 2003
Location: Scotland
Posts: 7,949
Re: Cost of Living in Australia
While that is a reasonable way to work out prices I've always found that the cost per minute (week,month,year)always works better.Based on average wages.
Thus an FJ holden in 1950 cost 94 x the toolmakers weekly wage of 8 quid,probably for 45 or 48 hrs.
When the yanks brought in the federal deposit insurance scheme (FDIS) during the aftermath of the depression the max was US$5000,then that was 12 yrs average wages.Took the rest of the world a while to bring this in,I think in the UK the max is 30k but could be more,did they drop it here to $250K?The FDIS has not kept pace with inflation and is now US$100k from memory.
Always seemed to be the best way to me,compare prices from any era in any country.When inflation was roaring in the 70's the YOY wage rise from march73 to march 74 was around 36.4% in OZ.
We were getting power from ship's generators on the Tyne to keep work going in the shipyards.Coal strike ,3 day week due to lack of electricity,the winter of discontent.Six people crammed into a Hillman Hunter getting a lift in to work.As we all liked a drink the smell of stale beer was shocking.
I hope the good old days never come back.
geordie downunder
Thus an FJ holden in 1950 cost 94 x the toolmakers weekly wage of 8 quid,probably for 45 or 48 hrs.
When the yanks brought in the federal deposit insurance scheme (FDIS) during the aftermath of the depression the max was US$5000,then that was 12 yrs average wages.Took the rest of the world a while to bring this in,I think in the UK the max is 30k but could be more,did they drop it here to $250K?The FDIS has not kept pace with inflation and is now US$100k from memory.
Always seemed to be the best way to me,compare prices from any era in any country.When inflation was roaring in the 70's the YOY wage rise from march73 to march 74 was around 36.4% in OZ.
We were getting power from ship's generators on the Tyne to keep work going in the shipyards.Coal strike ,3 day week due to lack of electricity,the winter of discontent.Six people crammed into a Hillman Hunter getting a lift in to work.As we all liked a drink the smell of stale beer was shocking.
I hope the good old days never come back.
geordie downunder
As Macca's are in 122 countries, how better to make international comparisons?http://en.wikipedia.org/wiki/Big_Mac_Index
Like the original use of the index this is a bit tongue in cheek of course!
Jun 6th 2013, 9:11 pm
#58
Account Closed
Joined: Mar 2009
Posts: 383
Re: Cost of Living in Australia
Adapt and skill up, and go somewhere to do some hard yakka earn the $ and enjoy...
there is some great places in tehis country to live, get paid and have fun, you just need to listen and look for where they are...
Too many people sit in a bubble, expecting it all to arrive on the doorstep.
there is some great places in tehis country to live, get paid and have fun, you just need to listen and look for where they are...
Too many people sit in a bubble, expecting it all to arrive on the doorstep.
Jun 7th 2013, 4:54 am
#59
Forum Regular
Joined: Jan 2010
Posts: 188
Re: Cost of Living in Australia
There is of course the Big Mac index! As Macca's are in 122 countries, how better to make international comparisons?
http://en.wikipedia.org/wiki/Big_Mac_Index
Like the original use of the index this is a bit tongue in cheek of course!
As Macca's are in 122 countries, how better to make international comparisons?http://en.wikipedia.org/wiki/Big_Mac_Index
Like the original use of the index this is a bit tongue in cheek of course!
I've spotted a flaw in them.I never eat maccas but a mars bar seems tiny compared to years ago when they seemed huge.
Beer now comes in 345ml bottles rather than 385ml bottles,it's all a con trick.
geordie downunder
Jun 7th 2013, 8:35 am
#60
Lost in BE Cyberspace
Joined: Nov 2003
Location: Scotland
Posts: 7,949
Re: Cost of Living in Australia
The big flaw in these indexes is that the likes of Maccas use different pricing strategies for different markets. In Australia for example Ikea sell their products at much higher prices than in other markets - Indonesian furniture sells for more in Australia than it does in the UK or US despite the greater transportation distance.
