Median Wages in Australia
Nov 17th 2009 | 10:13 pm
#1
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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:
Looking at the actual average wages for 2009...
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.
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 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:
- Age 15-24 $16,501
- Age 25-34 $35,605
- Age 35-44 $37,991
- Age 45-54 $38,616
- Age 55+ $34,410
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:
- Age 15-24 All workers $20,577
- Age 45-54 All workers $48,156
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:
- Age 15-24 Male $30,044
- Age 45-54 Male $70,309
All 2009 figures approximated, but based on reasonable calculations.
Nov 17th 2009 | 10:32 pm
#2
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Joined: Apr 2009
Posts: 1,054
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.
($59,532/$32,697)^(1/(2009.5-2003.0))-1 = 9.66%. Is not good.
Nov 17th 2009 | 11:01 pm
#3
Social Grenade Thrower
Joined: Jan 2008
Posts: 3,625
From: South Coast, NSW
Nov 17th 2009 | 11:55 pm
#6
live free or die
Joined: Mar 2007
Posts: 6,967
From: Valhalla
Re: Median Wages in Australia
What about the 24-45 though?
Nov 18th 2009 | 1:39 am
#7
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Joined: Jul 2007
Posts: 484
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
gary
Nov 18th 2009 | 8:32 am
#11
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Joined: Apr 2009
Posts: 1,054
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.
Median: ($40,775/$32,697)^(1/(2009.5-2003))-1 = 3.46% Is fixed, is good.
Nov 18th 2009 | 12:37 pm
#12
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From: Alloha snack bar
