Average salary in Australia in 2022 is 7,570 Australian dollar (AUD) per month. it is approx. $5,088/monthat December 2022 exchange rates.
Interestingly, the average monthly income in Australia is lower than in the US ($7,900/month) and the UK ($7,169/month).
This article discusses the average and median income in Australia, as well as the mandatory minimum wage. It also discusses average income growth and the factors that affect salaries. Finally, here are some of the highest-earning industries in the country.
let’s start!
Average Salaries in Australia: Statistics and Trends
average annual income in australia A$90,800 (60,709 USD).
Let’s take a look at some key indicators of average earnings in Australia to give you a complete understanding of the country’s salary statistics and trends.
A. Average salary
Average salary in Australia in 2022 is 7,420 Australian dollars (5,002 USD) monthly.
Median salary refers to the median value of all salaries considered. In other words, about half of Australia’s population earns 7,420 Australian dollars The other half earns more per month.
B. Average Salary Range
On average, Australian salaries are range from AU$1,910 (US$1,276) monthly 33,800 AUD (22,580 USD) monthly.
Note: These numbers are average estimates. The actual minimum salary in Australia may be lower than AUD 1,910 per month and the maximum actual salary in Australia may be higher than AUD 33,800 per month.
C. Minimum wage
According to the Australian Bureau of Statistics, Australia has national laws requiring a minimum hourly wage. 21.38 Australian dollar (US$14.65) Not only for part-time workers, but also for full-time workers.
Interestingly, Australia’s minimum wage is higher than the US minimum hourly wage (USD 7.25 per hour).
Australia also has a higher basic wage than the UK pays its workers. £9.50 (US$11.52) every hour.
Note: This Minimum Base Wage is the minimum remuneration that employers are legally required to pay full-time or part-time Australian workers. According to the Fair Work Commission, employment contracts must not provide for one cent less than the minimum wage. The Fair Work Commission handles workplace disputes.
Employers are also required to contribute to Australian workers’ retirement pensions. Superannuation refers to employee retirement pension and other benefit funds.
how is it wage growth in australia?
According to the Australian Bureau of Statistics, minimum wage growth in Australia has been strong, with average weekly earnings 20.33 AUD to 21.38 AUD the past year.
D. Salary increase rate
In Australia, employees are more likely to receive average salary growth of 8% every day 16 months.
the term a year salary Increment refers to 12 months. However, it is unlikely that an employee will get a raise in exactly her first year.
That said, this figure varies by industry and can be changed by agreed employment contracts.
Here are the salary increases for different industries in Australia.
| industry sector | annual increment |
| energy | 8% |
| health care | 7% |
| construction | 6% |
| banking | Four% |
| information technology | 3% |
| trip | 2% |
| education | 1% |
Source: Salaryexplorer.com
Note: of above average Numbers give us a glimpse of our standard of living AustraliaSalary and wage figures provided in this article are just guidelines based on salary surveys. Actual salaries and wages may vary depending on location, years of experience, education, position and other mitigating factors.
Let’s take a closer look at them.
4 factors that affect Australian salaries
Average salaries in Australia simply reflect the general income of the country.
In fact, individual salaries in Australia vary widely depending on factors such as education level, work experience and age.
Let’s take a look at how each factor affects salary income in Australia.
A. Education
The higher the education level in Australia, the higher the salary income.
salary explorer Investigations revealed the following:
- Employees with a certificate or diploma, on average 17% A higher salary than someone who has just reached the high school level.
- Graduates with a Bachelor’s Degree or Certificate IV twenty four% Salary increases more than those with certificates and diplomas.
- Professionals with a master’s degree have approximately 29% Bachelor’s degree or above.
- And finally, Ph.D. graduates earn approx. twenty three% Master’s degree or above.
B. Experience
The more experience an employee has, the more likely they are to earn higher salaries in Australia.
Salary differences by experience level are as follows:
- Employees with 2 to 5 years of service are more likely to earn 32% Rookie and above.
- The average earnings of employees with more than 5 years of experience is 36% More than those with less than 5 years of experience.
- Average Annual Income of Employees with 10 Years of Service 21% more From those with less than 10 years of experience.
- Finally, earners who cross the 15-year mark are approximately 14% more.
C. Industries and occupations
Different industries and occupations require different skills and working hours. like that, average salary It depends on your occupation and industry.
Here are the average salaries for some prominent jobs in Australia:
| job title | average annual income |
| CEO | 204,000 AUD (136,100 USD) |
| pilot | AU$160,000 (US$110,000) |
| project manager | 116,000 AUD (77,475 USD) |
| architect | 109,000 AUD (72,800 USD) |
| civil engineer | 83,700 AUD (57,000 USD) |
| teacher | 74,800 AUD (51,000 USD) |
| nurse | 72,600 AUD (48,412 USD) |
| accountant | AU$66,100 (US$45,000) |
| secretary | 43,800 AUD (29,850 USD) |
Source: Salaryexplorer.com
Method is as follows Various industries pay in Australia:
| industry | average annual income |
| science and technology services | 122,000 AUD (81,398 USD) |
| real estate | 103,000 AUD (70,200 USD) |
| information technology | 91,200 AUD (62,200 USD) |
| Insurance service | AU$91,100 (US$60,780) |
| human resources | 85,900 AUD (58,600 USD) |
| Oil, energy and mining | 81,800 AUD (55,800 USD) |
| Telecommunications | 80,000 AUD (53,394 USD) |
| engineering | 76,600 AUD (52,200 USD) |
| car | AU$59,300 (US$40,400) |
Source: Salaryexplorer.com
Salaries also vary by sector of employment in Australia. A public sector employee earns 5% more than an employee working in the private sector.
D. Location
average salary income Australians can also vary depending on the city or state they live in.
For example, South Australian employees tend to earn less than Western Australian employees. Australia’s metropolitan area is the highest income region in the country.
Let’s look at some of these numbers.
I. Average salary by state:
| state | average annual income |
| Victoria | AU$65,000 (US$43,754) |
| New South Wales (NSW) | AU$65,000 (US$43,754) |
| queensland | AU$62,970 (US$42,391) |
| Tasmania | 55,900 AUD (37,628 USD) |
sauce: ABS.gov
ii. Average salary by city:
| city | average annual income |
| sydney | 108,000 AUD (73,600 USD) |
| melbourne | 106,000 AUD (72,300 USD) |
| brisbane | 104,000 AUD (70,900 USD) |
| Adelaide | 100,000 AUD (68,200 USD) |
Source: Salaryexplorer.com
Note: Salary is one of the most important contributors to total income. So the median Australian household income (purchasing power parity) was: 94,107 AUD (US$63,391) This puts Australia among the top 10 countries with the highest median household income.
Let’s explore some of Australia’s most popular industries with lucrative potential.
5 promising industries in Australia
These five industries are considered to have high profit potential in Australia.
- mining: The Australian mining industry has experienced significant growth over the past few years due to rising iron ore prices.
- Electricity, gas, water and waste services: Australia’s electricity industry is undergoing a significant transformation as the country moves away from fossil fuels and towards a wide range of wind and solar generators.
- construction: The construction sector accounts for around 9% of Australia’s GDP and is projected to grow by 2.4% annually over the next few years.
- Wholesale: Wholesale trade ranks among the top 15 employment industries in Australia.
- Manufacturing: Manufacturing has been a volatile industry, but remains one of the country’s largest sources of revenue.
how much can you do obtain work in these industries?
| industry | average weekly income |
| mining | AU$2,675 (US$1,835) |
| Electricity, gas, water and waste services | AU$1,922 (US$1,318) |
| construction | AU$1,574 (US$1,080) |
| wholesale trade | AU$1,340 (US$920) |
| manufacturing industry | AU$1,335 (US$916) |
summary
Average salaries in Australia are steadily rising, but are still slightly below average salaries in the US and UK.
However, mining, electricity, construction, trading and manufacturing pay the highest average salaries in the country.
Use the information in this article to understand the average Australian salary and the factors that affect monthly income in the country.
