Income
Household income
About this topic
Household income shows the combined gross income reported for households. Because households are the common economic unit for sharing housing and living costs, this topic is widely used in socio-economic analysis.
This topic helps indicate economic resources, but income is not the same as wealth and can be strongly affected by household composition, retirement, and labour force participation. The dollar ranges are shown for the latest Census year only, so household income quartiles are more suitable for comparisons over time.
Interpretation notes
- Total household income combines gross weekly income reported for the household and is affected by how many people contribute income.
- Because it is not adjusted for household size or composition, it should not be treated as a direct measure of living standards.
Key insight
In 2021, $400 to $499 was the most common household-income band among households in Terang (part), accounting for 10.9% (100 households). This share was higher than Corangamite (S) (8.5%).
Section overview
Weekly household income
Terang (part) - Total households (Enumerated)
This table summarises household income for Terang (part) in 2021 for persons, with comparison against Corangamite (S).
Chart view
Weekly household income snapshot
2021 distribution by category for Terang (part), with comparison markers for Corangamite (S).
Negative Nil Income
2021 count
14
% of total
1.5%
14
1.5%
1 To 149
2021 count
5
% of total
0.5%
5
0.5%
150 To 299
2021 count
16
% of total
1.7%
16
1.7%
300 To 399
2021 count
24
% of total
2.6%
24
2.6%
400 To 499
2021 count
100
% of total
10.9%
100
10.9%
500 To 649
2021 count
43
% of total
4.7%
43
4.7%
650 To 799
2021 count
73
% of total
8.0%
73
8.0%
800 To 999
2021 count
94
% of total
10.3%
94
10.3%
1000 To 1249
2021 count
80
% of total
8.7%
80
8.7%
1250 To 1499
2021 count
67
% of total
7.3%
67
7.3%
1500 To 1749
2021 count
52
% of total
5.7%
52
5.7%
1750 To 1999
2021 count
49
% of total
5.4%
49
5.4%
2000 To 2499
2021 count
99
% of total
10.8%
99
10.8%
2500 To 2999
2021 count
45
% of total
4.9%
45
4.9%
3000 To 3499
2021 count
32
% of total
3.5%
32
3.5%
3500 To 3999
2021 count
19
% of total
2.1%
19
2.1%
4000 To 4499
2021 count
4
% of total
0.4%
4
0.4%
4500 To 4999
2021 count
9
% of total
1.0%
9
1.0%
5000 To 5999
2021 count
3
% of total
0.3%
3
0.3%
6000 To 7999
2021 count
4
% of total
0.4%
4
0.4%
8000 Or More
2021 count
3
% of total
0.3%
3
0.3%
Not stated
2021 count
80
% of total
8.7%
80
8.7%
Data table
Household income for Terang (part). Weekly household income. 2021 counts and percentages compared with Corangamite (S).
| Category | 2021 count | 2021 % | Corangamite (S) % |
|---|---|---|---|
| Negative Nil Income | 14 | 1.5% | 1.8% |
| 1 To 149 | 5 | 0.5% | 1.0% |
| 150 To 299 | 16 | 1.7% | 1.4% |
| 300 To 399 | 24 | 2.6% | 2.9% |
| 400 To 499 | 100 | 10.9% | 8.5% |
| 500 To 649 | 43 | 4.7% | 4.8% |
| 650 To 799 | 73 | 8.0% | 8.1% |
| 800 To 999 | 94 | 10.3% | 8.2% |
| 1000 To 1249 | 80 | 8.7% | 8.4% |
| 1250 To 1499 | 67 | 7.3% | 7.6% |
| 1500 To 1749 | 52 | 5.7% | 5.6% |
| 1750 To 1999 | 49 | 5.4% | 5.3% |
| 2000 To 2499 | 99 | 10.8% | 9.5% |
| 2500 To 2999 | 45 | 4.9% | 5.7% |
| 3000 To 3499 | 32 | 3.5% | 4.5% |
| 3500 To 3999 | 19 | 2.1% | 2.1% |
| 4000 To 4499 | 4 | 0.4% | 1.0% |
| 4500 To 4999 | 9 | 1.0% | 2.0% |
| 5000 To 5999 | 3 | 0.3% | 1.0% |
| 6000 To 7999 | 4 | 0.4% | 0.8% |
| 8000 Or More | 3 | 0.3% | 0.9% |
| Not stated | 80 | 8.7% | 8.9% |
| Total | 915 | 100.0% | 100.0% |