Income
Household income
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.
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 Balaklava, accounting for 11.9% (99 households). This share was higher than Wakefield (DC) (9.7%).
Section overview
Weekly household income
Balaklava - Total households (Enumerated)
This table summarises household income for Balaklava in 2021 for persons, with comparison against Wakefield (DC).
Chart view
Weekly household income snapshot
2021 distribution by category for Balaklava, with comparison markers for Wakefield (DC).
Negative Nil Income
1 To 149
150 To 299
300 To 399
400 To 499
500 To 649
650 To 799
800 To 999
1000 To 1249
1250 To 1499
1500 To 1749
1750 To 1999
2000 To 2499
2500 To 2999
3000 To 3499
3500 To 3999
4000 To 4499
4500 To 4999
5000 To 5999
6000 To 7999
8000 Or More
Not stated
Data table
Household income for Balaklava. Weekly household income. 2021 counts and percentages compared with Wakefield (DC).
| Category | 2021 count | 2021 % | Wakefield (DC) % |
|---|---|---|---|
| Negative Nil Income | 8 | 1.0% | 1.9% |
| 1 To 149 | 3 | 0.4% | 0.7% |
| 150 To 299 | 9 | 1.1% | 2.2% |
| 300 To 399 | 30 | 3.6% | 3.2% |
| 400 To 499 | 99 | 11.9% | 9.7% |
| 500 To 649 | 44 | 5.3% | 5.2% |
| 650 To 799 | 88 | 10.6% | 9.4% |
| 800 To 999 | 67 | 8.1% | 8.5% |
| 1000 To 1249 | 66 | 7.9% | 8.6% |
| 1250 To 1499 | 72 | 8.7% | 8.1% |
| 1500 To 1749 | 35 | 4.2% | 4.8% |
| 1750 To 1999 | 45 | 5.4% | 6.1% |
| 2000 To 2499 | 76 | 9.1% | 9.8% |
| 2500 To 2999 | 43 | 5.2% | 4.9% |
| 3000 To 3499 | 29 | 3.5% | 2.9% |
| 3500 To 3999 | 24 | 2.9% | 1.9% |
| 4000 To 4499 | - | - | 0.6% |
| 4500 To 4999 | 6 | 0.7% | 0.9% |
| 5000 To 5999 | 10 | 1.2% | 0.7% |
| 6000 To 7999 | 3 | 0.4% | 0.3% |
| 8000 Or More | 3 | 0.4% | 0.7% |
| Not stated | 72 | 8.7% | 8.9% |
| Total | 832 | 100.0% | 100.0% |