|
Median Wages in Australia
Not many official publications show the Australian Median wage, at least not since the 2002-03 figures that were published in 2006.
Those 2002-03 figures were: 2002-03 Median Annual Wage and Salary Income for Australia All Australian Median wage, for all employees over 15 years of age = $32,697 The average wage figure for that period, issued by the ABS was: $37,632 Median Annual Wage and Salary Income Breakdown by age:
All Employees, Full time, Part time and casual over 15 years of age - Actual average wages $47,970. The Median wage may therefore be about $40,775, with age brackets as follows:
The actual Male Full Time average wage for May 2009, for all employees over 15 years of age was $ 70,038 The Median wage for that same month may therefore be about $59,532. and some of the Median rates for age groups may be:
All 2009 figures approximated, but based on reasonable calculations. |
Re: Median Wages in Australia
($47,970/$37,632)^(1/(2009.5-2003.0))-1 = 3.80%. Is good.
($59,532/$32,697)^(1/(2009.5-2003.0))-1 = 9.66%. Is not good. |
Re: Median Wages in Australia
Originally Posted by WillBlack
(Post 8107142)
($47,970/$37,632)^(1/(2009.5-2003.0))-1 = 3.80%. Is good.
($59,532/$32,697)^(1/(2009.5-2003.0))-1 = 9.66%. Is not good. |
Re: Median Wages in Australia
Originally Posted by paddyo
(Post 8107177)
I won't even pretend I understand that!!!
|
Re: Median Wages in Australia
Originally Posted by WillBlack
(Post 8107185)
Computation of the rate of compound interest. Learn it and master the time value of money; don't and the time value of money might master you.
|
Re: Median Wages in Australia
What about the 24-45 though?
|
Re: Median Wages in Australia
If these are the average salary figures which is pretty much what i would be starting on can you actually live on it?
gary |
Re: Median Wages in Australia
Originally Posted by WillBlack don't and the time value of money might master you.
Originally Posted by lee_h
(Post 8107259)
But at least you will be fun to talk to at a party. :D
|
Re: Median Wages in Australia
Originally Posted by garyp
(Post 8107474)
If these are the average salary figures which is pretty much what i would be starting on can you actually live on it?
gary |
Re: Median Wages in Australia
Originally Posted by garyp
(Post 8107474)
If these are the average salary figures which is pretty much what i would be starting on can you actually live on it?
gary |
Re: Median Wages in Australia
Average: ($47,970/$37,632)^(1/(2009.5-2003.0))-1 = 3.80%. Is good.
Median: ($40,775/$32,697)^(1/(2009.5-2003))-1 = 3.46% Is fixed, is good. |
Re: Median Wages in Australia
|
Re: Median Wages in Australia
Originally Posted by garyp
(Post 8107474)
If these are the average salary figures which is pretty much what i would be starting on can you actually live on it?
gary Age 15-24 Male $30,044 Age 45-54 Male $70,309 |
Re: Median Wages in Australia
Originally Posted by welshviking
(Post 8107269)
What about the 24-45 though?
All those 15, 16 and 17 year olds, working part time after school, do bring the median figures down a lot don't they. |
Re: Median Wages in Australia
Originally Posted by ABCDiamond
(Post 8109797)
about $64k to $69k
All those 15, 16 and 17 year olds, working part time after school, do bring the median figures down a lot don't they. |
| All times are GMT -12. The time now is 10:27 pm. |
Powered by vBulletin: ©2000 - 2026, Jelsoft Enterprises Ltd.
Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.