What is classed as middle income in Australia?

Defining Australia’s Middle Income Bracket

Australia’s middle income bracket is a significant socioeconomic classification that encompasses a vast majority of earners. According to the 2022 Australian Bureau of Statistics (ABS) data, the middle income range lies between $65,000 and $137,000 per annum.

This substantial range encompasses approximately 80% of Australian earners, highlighting the prevalence of middle incomes within the country. It serves as a key indicator of the overall distribution of wealth and well-being in Australia.

The middle income bracket is distinct from both lower and higher income levels. Individuals earning below $65,000 are typically considered low-income earners, while those earning above $137,000 are classified as high-income earners.

The middle income bracket is a vital segment of the Australian economy. Individuals within this range contribute significantly to the country’s economic growth and stability. They often have stable employment, own homes, and play an active role in their communities.

Understanding the middle income bracket is crucial for policymakers, researchers, and individuals alike. It provides insights into the financial well-being of a significant portion of the population and helps inform decisions related to taxation, social welfare programs, and economic development.

In conclusion, Australia’s middle income bracket, ranging from $65,000 to $137,000 annually, represents the vast majority of earners in the country. It is a key indicator of the distribution of wealth and well-being and plays a pivotal role in the Australian economy.