The common salary in Australia in 2024 is 7600 Australian Dollars (AUD) per thirty days. That is roughly $5015 per thirty daysat exchange rates from July 2024
Interestingly, the typical monthly salary in Australia is lower than in america ($7920 per month) and United Kingdom ($7,656 per month).
In this text, we’ll discuss the typical and median income in Australia, in addition to the mandatory minimum wage. We’ll also go over average income increases and the aspects that affect salaries. Finally, we’ll take a take a look at a few of the highest-paying industries within the country.
Contents
Well, let’s get to work!
Average Salary in Australia: Statistics and Trends
The common annual salary in Australia is 91,200 Australian dollars (60,185 US dollars).
Let’s take a take a look at a few of the key indicators of average earnings in Australia so you’ll be able to fully understand the salary statistics and trends within the country.
A. Median salary
The median salary in Australia in 2024 is 6675 Australian dollars ($4,405) for a month.
The median salary refers back to the midpoint of all salaries considered. In other words, about half of the population in Australia earns lower than 6,650 AUD per thirty days, while the opposite half earns more.
B. Average Salary Range
On average, salaries in Australia can range from 1961 AUD (1294 USD) per thirty days as much as AUD$33,750 (USD$22,272) for a month.
Note: These numbers are average estimates. The actual minimum wage in Australia might be lower than AUD 1961 per thirty days, and the actual highest wage in Australia might be greater than AUD 33750 per thirty days.
C. Minimum wage
In keeping with the Australian Bureau of Statistics, Australia has a national law requiring a minimum hourly wage of $24.10 ($15.90) for each full-time and part-time employees.
Interestingly, the minimum wage in Australia is higher than the hourly minimum wage in america ($7.25 per hour).
Australia also has the next base salary than the UK, which pays its employees £11.44 ($14.75) hourly.
Note: This minimum basic wage is the bottom wage an employer must legally pay to a full-time or part-time worker in Australia. The Fair Work Commission says an employment contract cannot specify an amount that’s lower than one cent below the minimum wage. The Fair Work Commission deals with workplace disputes.
Employers are also required to contribute to each Australian worker’s superannuation. Superannuation refers to an worker’s pension and other profit funds.
What’s the situation with wage growth in Australia?
In keeping with the Australian Bureau of Statistics, growth within the minimum wage in Australia has been strong as average weekly earnings have increased from AUD20.33 to AUD21.38 during the last yr.
D. Annual salary growth rate
In Australia, staff are more likely to see a mean salary increase of 8% everyone 16 months.
Deadline annual salary increase refers to 12 months. Nonetheless, it’s unlikely that an worker will receive a salary increase after exactly one yr.
Nonetheless, please note that this number varies depending on the industry and will be modified by employment contract.
Listed below are some salary increases across different industries in Australia:
| Industrial sector | Annual growth |
| Energy | 10% |
| Healthcare | 9% |
| Construction | 7% |
| Banking | 8% |
| Information technology | 9% |
| Trip | 8% |
| Education | 8% |
Source: Salaryexplorer.com
Note: The above average figures give us a glimpse into the lifestyle in Australia. The salary and wage figures provided in this text are simply guidelines based on salary surveys. Actual salaries and wages may vary based on location, years of experience, education, job title and other mitigating aspects.
Let us take a look at them intimately.
4 Aspects Affecting Wages in Australia
The common salary in Australia is solely a general reflection of income within the country.
In actual fact, individual salaries in Australia vary significantly depending on aspects resembling education, work experience and age.
Let’s have a look at how each factor affects wages in Australia.
A. Education
The upper the extent of education, the upper the income in Australia.
Salary Explorer the study showed that:
- An worker with a certificate or diploma earns a mean 17% higher salary than those that only accomplished highschool.
- Graduates with a Bachelor’s degree or Certificate IV see 24% salary increase than within the case of individuals with a certificate or diploma.
- Specialists who’ve obtained a master’s degree earn roughly 29% greater than those with a bachelor’s degree.
- And at last, PhD graduates earn around 23% greater than master’s degree holders.
B. Experience
The more experience an worker has, the greater his or her possibilities of earning the next salary in Australia.
Below are the differences in pay by experience level:
- Employees with two to 5 years of experience typically earn 32% greater than novices.
- Employees with greater than five years of experience earn a mean of 36% greater than those with lower than five years of experience.
- Employees with ten years of experience earn on average 21% more than individuals with lower than 10 years of experience.
- Finally, people who find themselves over fifteen years old earn about 14% more.
C. Industry and occupation
Different industries and professions require different skills, working hours, and other things. Because of this, average salaries will vary depending on the career or industry sector.
Listed below are the typical salaries for some popular roles in Australia:
| Position | Average annual salary |
| Chief Executive Officer (CEO) | AUD$204,000 (USD$134,622) |
| Distant | AUD$160,000 (USD$105,586) |
| Project manager | AUD$116,000 (USD$76,550) |
| Architect | AUD$109,000 (USD$71,930) |
| Civil Engineer | AUD$88,800 (USD$58,600) |
| Teacher | AUD$74,800 (USD$49,361) |
| Registered nurse | AUD$72,600 (USD$47,909) |
| Accountant | AUD$66,100 (USD$43,620) |
| Secretary | AUD$43,800 (USD$28,904) |
Source: Salaryexplorer.com
Here’s how different industries pay in Australia:
| Industry | Average annual salary |
| Scientific and technical services | AUD$118,000 (USD$77,869) |
| Property | AUD$99,900 (USD$65,925) |
| Information technology | AUD93,600 (USD61,768) |
| Insurance services | AUD90,000 (USD59,392) |
| Human resources | AUD$87,500 (USD$57,742) |
| Oil/Energy/Mining | AUD$85,200 (USD$56,224) |
| Telecommunication | AUD$84,800 (USD$55,960) |
| Engineering | AUD$77,000 (USD$50,813) |
| Automotive | AUD$67,900 (USD$44,808) |
Source: Salaryexplorer.com
In Australia, salaries also vary by sector of employment. Public sector staff earn 5% greater than those working within the private sector.
D. Location
The common salary of an Australian may vary depending on town and state during which they live.
For instance, staff in South Australia are likely to earn lower than those in Western Australia. The Australian Capital Territory is the highest-earning region within the country.
Let’s take a take a look at a few of these numbers.
i. Average salary by state:
| Country | Average annual salary |
| Victoria | AUD$65,000 (USD$42,894) |
| Recent South Wales (NSW) | AUD$65,000 (USD$42,894) |
| Queensland | AUD$62,970 (USD$41,554) |
| Tasmania | AUD$55,900 (USD$36,889) |
Source: ABS.gov
ii. Average salary by city:
| City | Average annual salary |
| Sydney | AUD$108,000 (USD$71,270) |
| Melbourne | AUD$106,000 (USD$69,950) |
| Brisbane | AUD$104,000 (USD$68,631) |
| Adelaide | AUD$101,000 (USD$66,651) |
Source: Salaryexplorer.com
Note: Salary is some of the essential aspects influencing total income. Because of this, the typical household income (PPP) in Australia was 95,371 Australian dollars ($63,393) for 2021. This put Australia in the highest ten countries with the very best average household income.
Let’s take a take a look at the most well-liked industries in Australia that supply high earning potential.
5 High Potential Industries in Australia
The next five industries are considered to have the potential to generate high wages in Australia:
- Mining: Over the past few years, the mining industry in Australia has seen tremendous growth resulting from the rise in iron ore prices.
- Electricity, gas, water and sewage services: Australia’s energy sector is currently undergoing a significant transformation because the country moves away from fossil fuels towards a wide selection of wind and solar generators.
- Construction: The development sector accounts for around 9% of Australia’s GDP and is forecast to grow at an annual rate of two.4% in the approaching years.
- Wholesale trade: The wholesale industry is in the highest 15 industries employing essentially the most people in Australia.
- Production: Although manufacturing is an unstable industry, it continues to be one in every of the biggest sources of income within the country.
How much are you able to do? to earn I work in these industries?
| Industry | Average weekly earnings |
| Mining industry | 2675 AUD (1765 USD) |
| Electricity, gas, water, waste services | 1922 AUD (1268 USD) |
| Construction | 1,574 AUD (1,038 USD) |
| Wholesale trade | 1340 AUD (884 USD) |
| Production | AUD$1,335 ($880) |
Summary
The common salary in Australia has been steadily rising, even though it continues to be barely lower than the typical earnings in america and the UK.
Despite this, the very best average wages within the country are offered by mining, energy, construction, trade and manufacturing.
Use the knowledge in this text to learn more about average salaries in Australia and the aspects that affect monthly earnings within the country.