Where do the highest earners live?

The numbers are in: the Australian Taxation Office (ATO) has released its list of the highest-earning postcodes.

Chances are that if you live in Mosman, Portsea, Dover Heights or Toorak, you’re pretty happy you’re your level of income. On the other hand, if you live in Bellbird Creek, Muttaburra or Redford, you might be wishing that you earned a bit more.

The Australian Taxation Office (ATO) has released its list of the 10 highest-earning postcodes in Australia, as well as a the 10 lowest-earning postcodes. Not surprisingly, NSW and Victoria dominate the Top 10 list – although two Western Australia postcodes slip in at numbers 6 and 10 respectively. The bottom 10 postcides list is dominated by primarily Queensland postcodes.

The Top 10 postcodes with the highest mean taxable income are as follows:

highest mean taxable income

Keep in mind that this is only the taxable income of these residents. With a good accountant, who knows how much their gross income might be…

The 10 postcodes with the lowest mean taxable income are as follows:

 lowest mean taxable income

What professions earn the most?

If choosing a career for passion or enjoyment alone doesn’t pay the bills, it might help to know that 10 highest-earning professions by taxable mean income. The ATO advises that these are as follows:

Highest Earning Professions

Some of us are generous

The good news is that it’s not always just about earning money – many of us are happy to give it away, too.

The most charitable region in 2013-14 was New South Wales, with 1.46 million people claiming over a billion dollars. This was an average donation of $254 per NSW resident that lodged a tax return in 2013-14.

Gift and Donation Deductions

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