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Average wage?


fairystar32

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The mean wage which is commonly construed as average is often misleading because of the higher income earners which represent a low bracket in the standard distribution. Therefore $73k is the 2013 national full time average inclusive of the bracket which involves those in mining, medical practitioners, sportspersons, top end business moguls who earn between 200-400K for example. This will skew the mean range. 56k is probably indicative of national average with part time included.

 

But If you look at median income distributions you will get a better trend of what's not in fantasyland. That would put it around $48k. We refer to full time wage distribution though. Not across casual Or part time. Income by state can also vary, with WA and ACT the highest medians.

 

Heres a good article

 

http://mattcowgill.wordpress.com/2013/05/13/what-is-the-typical-australians-income-in-2013/

Edited by gee13
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