JC. Princen When considering wages and salaries across the globe, Australia is an attractive prospect for those looking to increase their earning potential. According to the 2019-2020 Australian Bureau of Statistics, the average salary in Australia is AU$82,436 per year (or AU$40.90 per hour).
However, this figure is an average, and the amount of money earned by individuals across the country can vary considerably. The average salary in Australia depends on a number of factors, such as location, experience, and qualifications.
Location
When it comes to salary, the location of a job can make a big difference. The average salary in Australia varies significantly from state to state. For example, the average salary for a full-time worker in New South Wales is AU$90,921 per year, while the figure for Victoria is AU$86,863 per year.
On the other hand, the highest average salary in Australia is found in the Northern Territory, where the figure stands at AU$95,236 per year. This is followed by the Australian Capital Territory, where the average salary is AU$94,479 per year.
Experience
Experience is one of the most important factors when it comes to determining the average salary in Australia. The more experienced an individual is, the higher their salary is likely to be.
For example, the average salary for a worker with over 10 years of experience is AU$99,858 per year. This figure is significantly higher than the average salary for a worker with five years of experience, which stands at AU$82,082 per year.
Qualifications
Qualifications can also have a big impact on the average salary in Australia. Those with postgraduate qualifications are likely to earn more than those without.
For example, the average salary for an individual with a PhD is AU$106,664 per year. This figure is significantly higher than the average salary for someone with a bachelor’s degree, which stands at AU$81,576 per year.
Industry
The industry an individual works in can also make a difference to their salary. Some industries, such as finance and IT, tend to pay higher wages than others.
For example, the average salary for a finance professional is AU$105,945 per year. This figure is significantly higher than the average salary for a retail worker, which stands at AU$55,753 per year.
Gender
Gender can also play a role in determining the average salary in Australia. On average, men tend to earn more than women.
According to the Australian Bureau of Statistics, the average salary for a male worker is AU$89,828 per year, while the figure for a female worker is AU$75,602 per year.
Conclusion
The average salary in Australia is AU$82,436 per year. However, this figure can vary significantly depending on a number of factors, such as location, experience, qualifications, industry, and gender. Those with postgraduate qualifications and experience in lucrative industries are likely to earn more than those without.
