What is the Average salary in Australia & Factors Effecting?

Are you eager to know what is the average salary in Australia?

According to the Hays Salary Guide FY23/24, average salaries in Australia continuously fluctuate based on the industry and location. However, $90,000 AUD is above the median Australian salary and according to the salary comparison and career resources website, Salary Expplore the average salary in Australia per month is $7,570 AUD which is equal to $5,032 USD according to the exchange rates in April 2023.

In this article, we will discuss the topics of average income in Australia, median wage and what is the minimum income in Australia that is set mandatory by the Australian Bureau of Statistics (ABS).

We will also cover the factors that influence average income in Australia and some of the highest-paying industries in Australia.

I. Average salary
The average salary is calculated as the total salary derived by adding the salaries earned by all the citizens and dividing by the number of citizens.

As mentioned earlier, according to SalaryExplorer, which draws on data from employers and surveys of workers, Australia's average yearly income is $90,800 (AUD).

According to the latest statistics from the ABS released in August 2023, the average weekly earnings for an Australian citizen working full time are $1838 (AUD). This report also indicates an annual increase of 3.9% or $68 per week.