24111 – Income Velocity & Wealth

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.

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.

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.

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.

The other four components of APN Bedrock™ (Socio-Economic Position) (24110).