How Much Money Do Aussies Need To Live Comfortably?

what is a good monthly income in australia

Australia has a booming economy, a higher cost of living, and labour stipulations, resulting in a relatively high average income compared to many other countries. The average yearly salary in Australia is AUD 88,991 (USD 58,026), while the median salary is AUD 6,675 (USD 4,352) per month. However, salaries vary based on factors such as occupation, sector of employment, education, qualifications, and location. The Australian capital territory is the highest-earning region in the country, and workers in the mining industry are the highest-paid on average.

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Average monthly salary in Australia

The average monthly salary in Australia varies depending on several factors, including geographical location, qualifications, working hours, experience, and company size.

According to the Australian Bureau of Statistics (ABS), the average weekly earnings for a full-time adult worker in Australia increased by 4.6% annually to $1,975.80 in November 2024. This equates to an average annual salary of approximately $100,016 before tax, which translates to a monthly salary of around $8,334. However, it is important to note that this figure represents the average across all workers and industries, and salaries can vary significantly between different occupations and sectors.

The average salary in Australia's two largest cities, Sydney and Melbourne, also differs. In Sydney, the average annual salary before taxes is A$83,000, which is approximately A$6,916 per month. Meanwhile, in Melbourne, the average annual salary is slightly lower at A$78,000, resulting in a monthly salary of around A$6,500.

The cost of living in major Australian cities is relatively high, so the perception of a "good" salary may depend on location and lifestyle choices. While A$75,000 was once considered reasonable, many Australians now believe that a salary closer to A$100,000 is necessary for stability, especially in expensive cities like Sydney. In rural areas, a salary of A$100,000 can provide a more comfortable lifestyle, as housing costs are typically lower.

Additionally, it is worth noting that Australia has a national law mandating a minimum hourly wage of A$24.10 for both part-time and full-time workers, which contributes to the country's commitment to fair labour standards.

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Salary based on occupation

Salary in Australia varies widely depending on occupation, with surgeons being the highest-paid individuals, earning an average taxable income of $457,281. This is closely followed by anaesthetists, then financial dealers. The lengthy education and training required to become a surgeon, as well as the associated risks and high-pressure work environment, contribute to the high salary. Psychiatrists also earn a high average income of $270,412, with only around 3000 practising psychiatrists in Australia.

In the mining industry, full-time employees earn the highest average weekly wage at $3,015, followed by information media and telecommunications workers, who earn an average of $2,437 per week. Employees in the financial and insurance services sector earn an average of $2,283 per week.

The average salary in Australia per month in 2024 was around AUD 7,427, which equals AUD 89,122 annually. Most Australian workers earn an average of AUD 37,000 to AUD 94,000 per year, which equates to a monthly pay of approximately AUD 3,083 to AUD 7,833. The minimum hourly wage for both part-time and full-time workers in Australia is AUD 24.10.

It is worth noting that salaries in Australia are typically negotiated between the company and the employee, and employees may be eligible for additional benefits such as bonuses, paid overtime, and allowances for working under difficult conditions. The cost of living in Australia is relatively high, and 77% of Australian employers expected wages in their industry to climb further until 2023.

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Salary based on gender

Australia has a relatively high average income compared to many other countries. The average monthly income in Australia in 2024 was around AUD 7,427, which equals AUD 89,122 annually. Most Australians earn an average salary of about AUD 37,000 to AUD 94,000 per annum, which equates to a monthly pay of around AUD 3,083 to AUD 7,833. The average weekly earnings for an adult Australian working full-time are $1,923.40 pre-tax, a 4.6% increase from the previous year.

While the gender wage gap has been declining in Australia, it remains an issue. According to the Australian Bureau of Statistics, full-time male workers are paid more than females. In May 2024, the gender pay gap narrowed to a record low of 11.5%, down from 12% in November 2023. This improvement was attributed to pay increases in the female-dominated education and training industry.

In 2024, the average weekly earnings for full-time male workers were $2,014.30 pre-tax, while women earned an average of $1,782.80. This means that women's average weekly earnings are $140 below the national average. In the state of Victoria, the average weekly earnings for men employed full-time are $1,962.70, while for women, the average is $1,814.90.

The gender pay gap also varies across different occupations. In August 2024, the median weekly earnings for managers were $2,100, while for professionals, they were $1,827. Lower-paid occupations included sales workers ($714) and labourers ($900). The gap between the median hourly rates for these occupation groups is smaller than the total weekly earnings measure due to differences in typical working hours.

Additionally, there are differences in earnings between male and female workers in the public and private sectors. In November 2024, the average weekly earnings for males in the public sector were $2,253.30, compared to $2,027.20 for females. In the private sector, males earned $2,038.00, while females earned $1,739.30.

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Salary based on education

The average salary in Australia varies based on several factors, including field of work, job role, years of experience, qualifications, inflation, job rank, and location. The average annual salary in Australia is approximately $100,000, with monthly pay ranging from AUD 3,083 to AUD 7,833. The median salary in Australia in 2025 is AUD 6,675 per month.

Education level is a significant factor influencing salary earnings in Australia. Employees with a certificate or diploma earn, on average, 17% more than those who only completed high school. Graduates with a Bachelor's Degree or Certificate IV can expect around a 24% salary increase compared to those with a certificate or diploma.

The highest-paid workers in Australia, on average, are those in the mining industry, earning $3,015 per week for full-time employees. This is closely followed by professionals in the information media and telecommunications sector, who earn an average of $2,437 per week. Staff working in financial and insurance services receive an average of $2,283 per week.

In addition to their standard wage, employees in Australia are often eligible for additional benefits, such as bonuses, paid overtime, and allowances for working under challenging conditions. These benefits can significantly impact an individual's overall earning potential.

It is worth noting that salaries in Australia are typically negotiated between the employer and the employee, allowing for flexibility and the potential for higher income. However, the cost of living in Australia should also be considered when evaluating salary expectations, as it shapes affordability and quality of life.

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Salary based on location

When it comes to salary, location plays a significant role in Australia. The average income varies across different cities and states, and various factors, such as occupation, gender, and cost of living, also come into play.

Let's take a look at some of the major cities and their corresponding salary expectations:

Adelaide

According to PayScale data, the average yearly salary in Adelaide, the capital city of South Australia, is $72,000. The average weekly wage for full-time workers in South Australia is $1,776.90, which is below the national average. When broken down by gender, men in South Australia earn an average of $1,843.20 per week, while women earn significantly less, with an average weekly wage of $1,662.20.

Brisbane

The average annual salary in Brisbane for full-time workers is $76,000, as reported by PayScale. The average weekly ordinary time earnings for full-time workers in Queensland are $1,901.00, with men earning slightly more at $2,002.10 and women earning $1,750.60.

Melbourne

Melbourne offers an average annual salary of $78,000, according to PayScale data. This information is based on more than 48,500 individual reports of salary and compensation.

Perth

PayScale data reveals that the average annual salary in Perth is $80,000. Western Australia, which includes Perth, has the second-highest weekly average earnings for full-time workers across all states and territories. The average weekly wage in Western Australia is $2,094.30, with men earning $2,257.60 and women earning $1,819.70.

Sydney

Although specific salary data for Sydney was not found, it's worth noting that the Australian Capital Territory (ACT) is the highest-paying state in Australia, according to ABS figures. This is attributed to the high number of knowledge workers and bureaucrats in the region.

It's important to remember that these are average figures, and salaries can vary widely depending on various factors, including occupation, industry, and individual circumstances. Australians often seek to increase their earnings through pay rises or side hustles, especially during a cost-of-living crisis.

Frequently asked questions

A good monthly income in Australia depends on various factors, such as occupation, working sector, education, qualifications, and location. The average monthly salary in Australia is AUD 7,427, while salaries can range from AUD 1,961 to AUD 33,750 per month.

The average monthly salary in Australia is lower than in the United States and the United Kingdom. In 2025, the average monthly salary in the US was USD 7,920, and in the UK, it was USD 7,656.

The highest-paying jobs in Australia are typically found in the mining industry, with full-time employees earning an average of $3,015 per week. Other high-paying industries include information media and telecommunications, as well as financial and insurance services, with average weekly earnings of $2,437 and $2,283, respectively.

There is a gender pay gap in Australia, with women earning approximately 19% less than men. For example, in November 2024, the average weekly earnings for males were $2,253.30 in the public sector and $2,038.00 in the private sector, while for females, they were $2,027.20 and $1,739.30, respectively.

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