Wages and Salaries
In 2001, the average weekly income for a person over 15 years of age, varied considerably, and included people who received government benefits, and those who received no income at all. The highest weekly income bracket for individuals was $200 - $299, while, the median weekly income for individuals was $300 - $399. In comparison, the median family/household weekly income was $800 - $999.
In 2002/2003, the median taxable income for a person over 15 years of age was $36,976 per annum, which is slightly higher than other Victorian regional cities, but is lower than the metropolitan Melbourne median taxable income of $42,790 per annum. This data demonstrates that Ballarat performs well against its regional competitors, and is attractive to metropolitan based investors who are seeking to lower the cost of doing business by relocating to a provincial city.