Are you in the money?

According to this article this is what you need to be considered rich in your State?

No one shoot the messenger, no idea how they come up with these figures, or whether it really matters?? None the less some more useless or relevant stats? You make up your own mind on this one

This is what the top 10 per cent of earners make in your city | Daily Mail Online

What your yearly salary needs to be to make the top 10% in your city
Sydney 135,200

Melbourne 124,800

Brisbane 122,200

Adelaide 109,200

Perth 129,636

Hobart 104,000

Darwin 124,800

ACT 133,432

*before tax

 

Yep

 

Yep

Brisbane $122,200 - that’s drinking money for me

 

Well the one interesting thing for me is that you need to earn more in Perth than Melbourne to be in the top 10%. There must still be quite a few well off people here but there always has been I believe. I think I read somewhere more millionaires per capita in Perth than anywhere else in Australia

 

I think what we can take from this is that it is very difficult to do well and make bug bucks unless you're operating a business.

 

no, im going to centrelink, I should get more

 

More like a burgeoning growth in low paid service type roles (gig economy) doing the menial tasks that we can't be bothered doing (cleaning, ironing, cooking, food shopping, car washing, laundry, dog walking etc).

 

Yes many too lazy for these jobs, many immigrante happy to do for little money

 

I could be wrong but think it has more to do with cost of living in Perth?

 

Nah.....well under that.....

 

Hmm l dont agree with the Syd wages. Maybe l know heaps of people making far more than the quoted amount and l think that amount isn't going to allow you to buy into quite a few blue chip suburbs

 

According to the ABS, you needed to be earning about $110K to be in the top 10% in 2017. So the Daily Mail's numbers would appeared to be a bit skewed upwards.

Even if the figures are correct, a top 10% salary won't let you buy an average house in Sydney, never mind the blue chip suburbs.

 

135k a whole year for Sydney considered top pay to sacrifice probably more than 70 hours a week of your life. Insanity really imo.

 

Voluntary slavery, crazy.

 

This is probably true.
A few opinions :
1. People will say that Sydney salaries are much higher and so forth..but averages out they are not. There are a huge number of people in Sydney with average salaries.
2. There isn't that much of a difference between Sydney averages and other areas in terms of salaries, yet there is in terms of real estate prices
3. Sydney has the biggest (by volume) disparity of incomes, based on observation but I'm quite sure this is true. Most, all I'd say, global cities have high income disparity.
4. Sydney has always offered not necessarily the highest income ( during the mining boom, I think Perth briefly overtook it), but rather the most number of jobs, diversified etc...that's it's real drawcard why people don't want to leave Sydney...not necessarily high flying jobs (that too) but a lot of 'average' jobs , much more than other places...and this shows in the salary tables above.

....and to answer your question of the thread title.. **** yeah I'm in the club... ...as would most on this forum as well.

 

Except for the country towns, none of those salaries is gonna get a FHB a blue chip address. Even still, you'd be hard pressed in Perth.

 

I am NOT, I've got too many family at home to "have money" !
(am feeling like Al Bundy)

 

Those stats include part time workers, top 10% for only full time is higher.

I'm not in the 10%.

 

"Sydney 135,200 Melbourne 124,800 Brisbane 122,200"

only $2,600 pa difference between Melbourne and Brisbane?

I thought the gap could be a lot bigger than that.

 

Same with my point above about Sydney...both Sydney and Melbourne have a high number of average jobs, and those average jobs attract en equally average salary. This is one reason why so many people are there- not because of salary because of likelihood of getting a job no matter how average it may be.
If Sydney and Mel had mostly high hi flying jobs as most people think, then the pay gap would be much higher.