This is in response to the recent post Follow the money – Canberra postcodes mapped for wealth.
In the thread the question was asked
Are there other maps which illustrate other aspects of “wealth” apart from “investment habits” such as income, assets, etc.?
Actually, I was also curious as there are perceptions in Canberrans’ mind of which suburbs are well-off and which are not, but with little to no facts to confirm it. And Coogle search returns very little in terms of a similar “wealth” map. However, the figures are available on the Australian Bureau of Statistics site, so it was just a matter of someone (me, I guess) taking the time to collect them, collate them, and make sense of them.
So. I started by
- Visiting the ABS’s National Regional Profile site here.
- Clicking on a suburb then on “Get Data”.
- Clicking on “Economy”.
The data used are under the section “Taxation Statistics – year ended 30 June”
- Taxable and non-taxable individuals
- Average taxable income (taxable and non-taxable individuals)
A non-taxable individual is someone who holds a tax file number but their annual net income falls below the tax free threshold. These may be pensioners, people receiving other welfare benefits, or the unemployed. So one could assume that a suburb housing a lot of retirees will have downward pressure on the average annual income figure.
The taxable and non-taxable individuals excludes those who do not have a TFN, such as children, students, and house husbands/wives. Generally, anyone who had not fill out a tax return because they received no income or welfare benefit.
The 2008 income data was adjusted by the Labour Price Index to guesstimate a 2010 value.
The postcode 2601 (Acton, City) is a bit of mystery. I can’t explain why my data came out as low income earners.
Obviously as this is a 2008 data it does not take into account the new suburbs, such as Franklin and Harrison (2912) with their high income households.