--- title: "24111 – Income Velocity & Wealth" url: https://australianproperty.network/apn-codex/series-20000/series-24000/series-24100/series-24110/series-24111/ date: 2026-01-16 modified: 2026-10-06 lang: en author: "" description: "APN Codex Node 2411124100 Series — Social Capital, Bedrock BranchCertified Income Velocity & Wealth Localities (N) 6,782 National Mean 50.02 Std Dev 28.87 Range 0.00–100.00 1What It Measures One of..." word_count: 447 --- # 24111 – Income Velocity & Wealth APN Codex Node 2411124100 Series — Social Capital, Bedrock BranchCertified ### Income Velocity & Wealth Localities (N)6,782 National Mean50.02 Std Dev28.87 Range0.00–100.00 1What It Measures One of five Bedrock components. Measures median household income by locality — a percentile rank, so a higher score means a higher relative income level. **Formula:** `Median total household income ($/week) × 52` — **Source:** ABS Census 2021 General Community Profile, Table G02, by Suburbs and Localities. The underlying figure averages $89,160 a year across scored localities, ranging from $22,672 to $260,624. 2National Distribution N6,782 Mean50.02 Std Dev28.87 Min0.00 Max100.00 Distribution 24111 Score — All 6,782 Scored Localities Each ten-point band holds close to one tenth of the 6,782 scored localities (674 to 685): the score is a percentile rank within the scored localities, so its distribution is flat by construction. The variation between localities lies in the underlying figure above. 3Pillar Alignment and Geography **Alignment with the pillar.** Across the 6,782 localities scored on both, this component and APN Bedrock™ (Socio-Economic Position) (24110) have a correlation of **0.82**, on a scale where 1 means the two scores move together exactly and 0 means they are unrelated. The two are closely aligned: a locality that scores high on household income usually scores high on Bedrock as a whole. This component is one of the pillar’s five inputs, so part of that alignment is built into the pillar itself. By State and Territory Average 24111 Score by State and Territory Each bar is the average locality score in that jurisdiction, with every locality counted equally regardless of population; the dashed line marks the national mean of 50.02. The Australian Capital Territory averages highest at 85.2 (101 localities) and Tasmania lowest at 36.3 (319). The Northern Territory averages 53.9, New South Wales 53.0, Western Australia 52.8, Victoria 50.8, Queensland 47.2 and South Australia 43.1. 4Other Components The other four components of APN Bedrock™ (Socio-Economic Position) (24110). [Node 24112 →Tenure Stability & HousingReads the share of occupied dwellings owned outright or with a mortgage.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24100/series-24110/series-24112/) [Node 24113 →Labour Resilience & JobsReads the unemployment rate of the local labour force.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24100/series-24110/series-24113/) [Node 24114 →Fiscal Stress & DebtReads monthly mortgage repayments as a share of household income.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24100/series-24110/series-24114/) [Node 24115 →Socio-Economic AdvantageReads relative socio-economic advantage and disadvantage from the ABS SEIFA index.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24100/series-24110/series-24115/) [Parent branch →24110 — APN Bedrock™ (Socio-Economic Position)](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24100/series-24110/) 5Certification APN Codex Node 24111 — Certified, v1.1 - Percentile rank of ABS 2021 Census median household income - Methodology v1.1 (October 2026): every Census and SEIFA figure is joined to its locality by the ABS 2021 Suburbs and Localities code, readings of zero are retained, and the percentile is ranked against the localities of more than 200 residents that carry a reading