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LEARN MORE ABOUT .idIn Concord, 45.0% of households earned an income of $70,000 or more per annum in 2018.
Households form the common 'economic unit' in our society. Concord's Household Income is one of the most important indicators of socio-economic status. With other data sources, such as Educational Qualifications and Occupation, it helps to reveal the economic opportunities and socio-economic status of Concord. It is important to note that income data is not necessarily a measure of wealth. For example, if an area has a large number of retirees this will produce a higher proportion of households with low income but the retirees may have large capital wealth. For this reason, household income should be viewed in conjunction with Age and Household Composition.
The incomes presented on this page are for the latest Census year only. For comparison of incomes over time, go to Household Income Quartiles.
'From all sources of income identified, what will the total income be:
Annual household income | |||
---|---|---|---|
Concord | 2018 | ||
Annual household income | Number | % | Arthur Street % |
Negative or zero income | 0 | 0.0 | 1.5 |
$1 to $5,000 | 12 | 2.1 | 1.5 |
$5,001 to $10,000 | 6 | 1.1 | 1.0 |
$10,001 to $15,000 | 9 | 1.6 | 4.1 |
$15,001 to $20,000 | 27 | 4.8 | 5.1 |
$20,001 to $25,000 | 30 | 5.3 | 7.7 |
$25,001 to $30,000 | 12 | 2.1 | 4.1 |
$30,001 to $35,000 | 21 | 3.7 | 4.1 |
$35,001 to $40,000 | 42 | 7.4 | 3.6 |
$40,001 to $50,000 | 42 | 7.4 | 7.2 |
$50,001 to $60,000 | 39 | 6.9 | 7.2 |
$60,001 to $70,000 | 42 | 7.4 | 5.6 |
$70,001 to $100,000 | 105 | 18.5 | 15.9 |
$100,001 to $150,000 | 123 | 21.7 | 12.8 |
$150,001 or More | 27 | 4.8 | 9.7 |
Not stated | 30 | 5.3 | 8.7 |
Total households | 567 | 100.0 | 100.0 |
Analysis of household income levels in Concord in 2018 compared to Arthur Street shows that there was a larger proportion of high income households (those earning more than $70,000 per annum) and a lower proportion of low income households (those earning less than $30,000 per annum).
Overall, 45.0% of the households earned a high income, and 16.9% were low income households, compared with 38.5% and 25.1% respectively for Arthur Street.
The major differences between the household incomes of Concord and Arthur Street were:
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