Average Salary in Australia Per Month in 2024

Are you curious about the average salary per month of someone orking in Australia? In this article will discuss the average and median income in Australia, as well as the minimum wage that is required by law. We'll also discuss average salary increases and the factors that influence them. Finally, we'll look at some of the highest-paying industries in Australia.

Why is it Important to Keep up with Salary Trends?

Don't miss out on this vital information, which could have a long-term impact on your earning potential. The reasons for this include:

• This information is helpful for employees by facilitating a thorough grasp of wage rates and trends.
• Workers prefer to know what salary they are paid, how it compares to other employees in comparable roles, and whether there are any inequalities.
• Employees will be content if they are appropriately compensated.
• Companies can close wage disparities. Employees will be happy as a result.
• In Australia, you can negotiate a higher income and assess whether you are being paid correctly due to these openly available average salary statistics.

Salary Range in Australia

Salary ranges in Australia can differ from 1,917 AUD per month to 33,750 AUD per month. These values are based on average estimations and do not reflect the real minimum and maximum wages in Australia.

Average Salary in Australia Per Month

The average salary in Australia per month in 2024 is 7,570 Australian dollars (AUD), which that works out to about USD 5,000 per month.

Australia Minimum Wage

The report from the Australian Bureau of Statistics states a minimum hourly pay of 21.38 AUD is required for both part-time and full-time workers in Australia.

This is the lowest payment that an employer must lawfully pay a full-time or part-time Australian worker. The minimum wage in Australia is set by the Fair Work Act of 2009, and it is revised each year.

Australia Wage Growth

According to the Australian Bureau of Statistics, the average earnings in Australia increased by 3.5% over the past year.

Employees in Australia may expect an average wage increase of 8% every sixteen months or so.

The average wage varies according to the particular field of work and the specific role of employees. It also hinges on the years of experience and qualifications, inflation and location.

Let's go through other significant metrics of standard wages in Australia so that you are fully acquainted with the country's income figures and patterns based on gender, industry and roles.

Average Annual Salary in Australia by Gender

The gender pay gap is the disparity in the average income of men and women. The overall pay disparity in wages due to discrimination on the basis of gender in Australia is 22.8%. Women earn 77.2 cents for every dollar earned by men.

Let’s look at the differences in average salary by gender.

Average Annual Salary in Australia by Cities

Australian cities have a high standard of living, and one of the primary indicators of its prosperity is the average wage of the residents. So, let’s look at the average salary in the different cities in Australia.

Now let’s explore the average salary in Australia according to the jobs and industry.

Average Annual Salary in Australia by Occupation

The difference in compensation for various occupations is influenced by the job description and duties. The fundamental reason that various jobs pay differently is that certain workers are more important than others in achieving the organization's goals.

Average salary trends in nursing are given below.

Average salary trends in engineering are given below:

Average salary trends in marketing are given below:

Average Salary Trends According to the Industry

Certain skills that are in short supply are in great demand in specific industries, such as technology. Employers in these industries have the funds to pay higher to attract talented candidates.

Explore the salary trends by industry in Australia below.

Salaries in Australia are typically negotiated between the company and the employee. Employees may be eligible for additional benefits in addition to their standard wage, such as bonuses, paid overtime, and allowances for working under difficult conditions.

Are you Interested in Working in Australia?

Due to its booming economy, higher cost of living, and labour stipulations, Australia's average income is relatively high in comparison to many other countries. According to a recent survey, 77% of employers in Australia anticipate that wages within their industry will continue to rise.

For all Australia PR-related queries get in touch with India’s leading immigration consultant like GetGIS and you can also be on your way to Australia soon!