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An Australian earning $65,000 a year is now considered the “typical” worker.
The median or median weekly wage is now $1,250, after an increase of 4.2 per cent or $50 in the year to August, new data from the Australian Bureau of Statistics showed.
That figure covers both full-time and part-time workers and includes the 5.2 percent minimum wage increase for retail workers that went into effect July 1.
That means anyone earning more than $65,000 a year is among the top half of working Australians in wage bets.
An Australian earning $65,000 a year is now considered the typical worker. The median or median weekly wage is now $1,250, after an increase of 4.2 per cent or $50 in the year to August, new data from the Australian Bureau of Statistics showed (pictured, Queen Street Mall of Brisbane)
The Australian median salary is between the full-time minimum wage of $42,255 and the full-time median salary of $92,030.
The Australian Capital Territory, the home of Canberra’s civil servants, had the highest median salary of $78,936, based on a typical weekly salary of $1,518.
The Northern Territory was next with $72,800, based on an average weekly wage of $1,400. That figure puts it ahead of mining-rich Western Australia at $68,380 a year, based on a weekly wage of $1,315 a week.
The NSW and Victoria median wage was in line with the Australian median wage.
But Queensland, South Australia and Tasmania had wage levels in the bottom half.
Queenslanders typically earned $62,966.80 a year or $1,210.90 a week.
South Australians had a median annual wage of $58,515.60, compared to a weekly wage of $1,125.30.
Tasmanians were the poorest, with a median wage of $55,926 or $1,075.50 a week.
Australia’s unemployment rate held at a 48-year low of 3.4 percent in November with 64,000 jobs created, 34,200 of them full-time and 29,800 part-time.
AMP Capital senior economist Diana Mousina said anyone who wanted a job had a good chance of finding it, with the participation rate now at a record 66.8 percent.
“The labor market is at full absolute employment,” he said.
‘There is about one job opening for every unemployed person.’
The Australian Capital Territory, the home of Canberra’s public servants, had the highest median salary of $78,936, based on a typical weekly salary of $1,518 (pictured, protesters outside Parliament House)
Australia’s population stood at 25,978,935 at the end of June, with the population growing by 1.1 percent or 290,900 for the year.
The net annual rate of foreign immigration of 170,900 approached the pre-pandemic level of 194,000 during the 2019-20 fiscal year, which included the first few months of the Covid scare.
Queensland had the steepest population growth of two per cent with 104,400 people moving there, mostly from the interstate.
Net migration abroad was the largest contributor to population growth in New South Wales, Victoria, South Australia and Tasmania.
The birth rate was the main driver of Western Australia’s population growth, while interstate migration was the main driver of population growth in Queensland, the Northern Territory and the ACT.
When it came to gender balance, Darwin was the only capital city with more men than women.
It was also the youngest capital with a median age of 34.5 years, compared to the median for the broader capital city of 37.1 years and the national median age of 41.8 years.