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25 years old here and just got promoted and making $1450 per week. By the looks of it I think I'm doing pretty well. Love my job and super keen to continue progressing!
My earning graph would a straigh line, even if I planned it couldn't be that consistent. At 39 I earn 120K. But last 14 years every year I have been earning 5k more than the previous year. Started as a carwash attendant as an international student 14 years ago, earning10 dollars an hour. Today I am a BI Analyst. Still it is low pay for my role and experience...but I am grateful for what the universe has offered me. Everything is possible in Australia if you work hard and stay humble.
Wow definitely thought I was doing it tough at 19 I wish there were a graph that just compared working class with working class for my age bracket considering so many people study I earn about 88k annually after tax
Thanks for sharing! Would be great if they could disaggregate the data by state or major metropolitan area. Definitely seems lower than what I expected for 30s,40s,50s.
Thanks mate! Yeah I agree, for an organisation that purely does statistics, they never seem to chop up the information in ways people want Hope you've been well
in a nicer suburb in Syd and Melb I don’t think that’s enough, in a cheaper suburb or smaller city it’s probably doable Depends on your definitely of luxury life too, for some 200k would be nowhere near enough after tax, mortgage, potentially private school fees or daycare, nice cars etc
i'm 28 years old, and recently got an offer to work at Sydney with wages of $27/hour (gross pay) as a telecommunication rigger. I'm actually in dillemma as to whether i should accept the offer or vice versa. it looks a bit low to me especially with the high accomodation cost. what do you think?
G’day Mohammad, I’d say in 2023 that would be close to minimum wage, maybe just above. You’d definitely want to keep housing cost low because that’ll likely be your big expense. Another question I’d ask is what is the next step from there and how quick could I get there? You would aim to move up in the ranks or to another role/company as soon as possible so it gets easier for you
@@raycorc unfortunately the housing/room rent/cost in sydney is high and I’m bound to the same position for the next 4 years. There’ll be increments over time but I doubt it’ll go higher than $40/hour.
I think it’s less income in regional areas, especially for older women who may have been carers most of their life. Most jobs in regional areas seem to be casual positions for women unless in health where there are more jobs. Need more doctors in regional areas too. I worked for ABS in Sydney & wages have risen since then. When I was a carer, the hourly rate for 24/7 care was $2 ten years ago. Health is everything when it comes to income. There will be further demand for health workers as more baby boomers retire. If moving regional, go the health jobs, IT, or mining jobs. Have never seen a work from home job advertised for a regional area. Employers need to look regional for highly skills workers working from home.
Yep especially these days with remote work being far easier than before. I think online options to make an income are way better these days, and a great option for those who don't want to live in the big cities or want to travel a lot
props for distinguishing mean and median tho it would still be best to just have a distribution, medians can be misleading too. Even if you earn above these averages u wont really be able to afford to support a family so its not really take foot off the gas more like pull the plug on life support. Also I wouldnt really trust these stats in the first place.
Yep you’re right - I cover this info as people search a lot for it, personally I aim for well above the averages / don’t care about averages as I’m focussed on increasing my own numbers
Started with 60k aud in my first job in 2016, now I’m earning 180k (exc super), I’m 33 . but doesnt feel much at all when living in Sydney and I feel like I’m poor as fck. These numbers seem super low, how come people doesnt starve to death? Are you sure your numbers are accurate?
Numbers are likely a little bit skewed for a few reasons. You're on a good income, can definitely make that work easy in Sydney if you keep expenses low (very doable in my opinion, contrary to what everyone whinges about). I found investing every year basically made me a whole second salary which keeps compounding regardless of how much active work I do, that's something to consider
G’day Sean, that is pretty good - bricklayers in Australia generally get paid pretty well One difference to consider is if you’re going to be a contractor vs a full time employee (not sure which you’d be). I’ve seen other people mention you’d generally want more as a contractor as you have a few other costs to factor in compared to a normal employee There’s a FB group called Mens Finance Advice, there would be some Aussie bricklayers in there who might be able to shed more light on the detail But overall sounds like good money (especially if you dont piss it all up the wall due to living costs/lifestyle)
Every job is a stepping stone, Im now 25 and just started my first full time job with a salary of 60k per year. But before that I worked at Subway, a grocery store, entertainment company, chocolate shop, cafe, my dads office, and even a dental clinic. During these years I was saving everything I earned, investing as much as I can or putting it away in super. I want other people to know its never too late to find a full time job and each job leads you to something better : ) Don't feel pressure to be way above a statistic, focus on your long term goals and save little by little.
Hey Ray. Cannot seem to find current median incomes for 2022. The median shows a much better picture than average. If you can help us viewers out that would be much appreciated.
These numbers seem really low? Are these numbers after tax? I don’t know anyone in my age bracket 27-30 making less than 90k and 90k is on the lower end.
Tons of people in that agre bracket make much less, of course if you make more its generally assumed that your friends also make more seeing as you're typically all from the same industry and seniority level. I believe the average salary before tax is 96k, with the median being around 78k for Aussie nation-wide.
That’s a solid goal! It kinda goes without saying, but the bigger income really does speed things up (especially if you keep your costs low during this time)
Hey yep they have released new data since I filmed this video: check it out here www.abs.gov.au/statistics/labour/earnings-and-working-conditions/employee-earnings-and-hours-australia/latest-release
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love the production of your videos man
Thank you mate
Credit goes to my editor! He does a great job
25 years old here and just got promoted and making $1450 per week. By the looks of it I think I'm doing pretty well. Love my job and super keen to continue progressing!
Nice work mate keep pushing! Aim to go way above the averages, most people probably don’t try that hard
My earning graph would a straigh line, even if I planned it couldn't be that consistent. At 39 I earn 120K. But last 14 years every year I have been earning 5k more than the previous year. Started as a carwash attendant as an international student 14 years ago, earning10 dollars an hour. Today I am a BI Analyst. Still it is low pay for my role and experience...but I am grateful for what the universe has offered me. Everything is possible in Australia if you work hard and stay humble.
In sydney $160k is the starting bracket of the 6 digit halo
Thanks for sharing mate, would be great if you will share the Net worth video as well.
Yep no probs sounds good 👍🏼
I make 120k a year as a veterinarian associate at age 35 I think I’m doing alright
yep I think so!
U yr doing awesome
Ok show off
before or after tax?
Wow definitely thought I was doing it tough at 19 I wish there were a graph that just compared working class with working class for my age bracket considering so many people study I earn about 88k annually after tax
Interesting to see. I also think the average is a bit low and probably skewed by some unique factors.
yeah ironically it's actually hard to get some straight data from the ABS - a lot of income and networth stats they don't get clear cut info
@@raycorc One of my biggest peeve in my last company was the amount of questions they asked in their surveys 😂
@@BryanInvest 😂
Thanks for sharing! Would be great if they could disaggregate the data by state or major metropolitan area. Definitely seems lower than what I expected for 30s,40s,50s.
Thanks mate! Yeah I agree, for an organisation that purely does statistics, they never seem to chop up the information in ways people want
Hope you've been well
Solid break down. Average seems low to me.
Agree
that was my first impression
How is 200k dollar a year for a family of 3 to have a luxury life?
in a nicer suburb in Syd and Melb I don’t think that’s enough, in a cheaper suburb or smaller city it’s probably doable
Depends on your definitely of luxury life too, for some 200k would be nowhere near enough after tax, mortgage, potentially private school fees or daycare, nice cars etc
i'm 28 years old, and recently got an offer to work at Sydney with wages of $27/hour (gross pay) as a telecommunication rigger. I'm actually in dillemma as to whether i should accept the offer or vice versa. it looks a bit low to me especially with the high accomodation cost. what do you think?
G’day Mohammad, I’d say in 2023 that would be close to minimum wage, maybe just above. You’d definitely want to keep housing cost low because that’ll likely be your big expense. Another question I’d ask is what is the next step from there and how quick could I get there? You would aim to move up in the ranks or to another role/company as soon as possible so it gets easier for you
@@raycorc unfortunately the housing/room rent/cost in sydney is high and I’m bound to the same position for the next 4 years. There’ll be increments over time but I doubt it’ll go higher than $40/hour.
brother - get to the mines if your a telco rigger
@@herbieg1234 mines?
I think it’s less income in regional areas, especially for older women who may have been carers most of their life. Most jobs in regional areas seem to be casual positions for women unless in health where there are more jobs. Need more doctors in regional areas too. I worked for ABS in Sydney & wages have risen since then. When I was a carer, the hourly rate for 24/7 care was $2 ten years ago. Health is everything when it comes to income. There will be further demand for health workers as more baby boomers retire. If moving regional, go the health jobs, IT, or mining jobs. Have never seen a work from home job advertised for a regional area. Employers need to look regional for highly skills workers working from home.
Yep especially these days with remote work being far easier than before. I think online options to make an income are way better these days, and a great option for those who don't want to live in the big cities or want to travel a lot
im suprised that the average isnt higher for 35 and above. great video thogh, and like the idea of running your own race.
Yep definitely seems low, thanks for watching Darcy
props for distinguishing mean and median tho it would still be best to just have a distribution, medians can be misleading too. Even if you earn above these averages u wont really be able to afford to support a family so its not really take foot off the gas more like pull the plug on life support. Also I wouldnt really trust these stats in the first place.
Yep you’re right - I cover this info as people search a lot for it, personally I aim for well above the averages / don’t care about averages as I’m focussed on increasing my own numbers
Started with 60k aud in my first job in 2016, now I’m earning 180k (exc super), I’m 33 . but doesnt feel much at all when living in Sydney and I feel like I’m poor as fck. These numbers seem super low, how come people doesnt starve to death? Are you sure your numbers are accurate?
Numbers are likely a little bit skewed for a few reasons. You're on a good income, can definitely make that work easy in Sydney if you keep expenses low (very doable in my opinion, contrary to what everyone whinges about). I found investing every year basically made me a whole second salary which keeps compounding regardless of how much active work I do, that's something to consider
I agree, average seems to be super less here. Do you think 200k aud before tax is a good income for a family of 2-3 to have a good luxurious life?
Is this before or after tax ?
after tax
Are you surprised by the numbers? Are they higher or lower than you expected?
Very surprised I'm earning twice my age group.
@@bign1667 awesome, keep going
I'm thinking of coming to Australia been offered €60 a hour as a bricklayer. Is that a good wage in Sydney?
G’day Sean, that is pretty good - bricklayers in Australia generally get paid pretty well
One difference to consider is if you’re going to be a contractor vs a full time employee (not sure which you’d be). I’ve seen other people mention you’d generally want more as a contractor as you have a few other costs to factor in compared to a normal employee
There’s a FB group called Mens Finance Advice, there would be some Aussie bricklayers in there who might be able to shed more light on the detail
But overall sounds like good money (especially if you dont piss it all up the wall due to living costs/lifestyle)
Hello very nice content Mr, I wanna ask is the $ based AUD or USD, thanks
G’day mate it is in AUD, thanks for watching
I’m from Sri Lanka and I’m 29. I make around AUD 4000 per month and save about 2000. And these numbers looks surprisingly low
That’s a great savings rate Dev, the numbers are a little low I agree. Regardless of the averages I’d aim to make more than that regardless!
Every job is a stepping stone, Im now 25 and just started my first full time job with a salary of 60k per year.
But before that I worked at Subway, a grocery store, entertainment company, chocolate shop, cafe, my dads office, and even a dental clinic. During these years I was saving everything I earned, investing as much as I can or putting it away in super. I want other people to know its never too late to find a full time job and each job leads you to something better : )
Don't feel pressure to be way above a statistic, focus on your long term goals and save little by little.
Yep have to run your own race and focus on improving your own numbers!
Is this pre or post tax?
These salary amounts seem very low.
I agree, they don't make it super clear about some of the data sets being for full time or part time or both etc
Are those after tax or before?
Yep, I'm 34 and killing it haha. But that means nothing, just keep hustling
absolutely, you might be capable of double or triple what you're doing now as well
sorry i skip some part of you video this is in AUD / USD ?
G'day mate this is in AUD
Hey Ray. Cannot seem to find current median incomes for 2022. The median shows a much better picture than average. If you can help us viewers out that would be much appreciated.
Yep I agree Javed, for that particular report they only did averages unfortunately. I agree median would be more helpful!
These numbers seem really low? Are these numbers after tax? I don’t know anyone in my age bracket 27-30 making less than 90k and 90k is on the lower end.
Tons of people in that agre bracket make much less, of course if you make more its generally assumed that your friends also make more seeing as you're typically all from the same industry and seniority level.
I believe the average salary before tax is 96k, with the median being around 78k for Aussie nation-wide.
I'm trying to crack that 200k a year mark I reckon I will hit it by the age of 36
That’s a solid goal! It kinda goes without saying, but the bigger income really does speed things up (especially if you keep your costs low during this time)
Which industry are you in?
@@xiaolihe3839 health insurance sales ...
Have you got one for 2024
Hey yep they have released new data since I filmed this video: check it out here
www.abs.gov.au/statistics/labour/earnings-and-working-conditions/employee-earnings-and-hours-australia/latest-release
Is this net or gross?
typically gross amounts for 'total cash earnings'
Stand by for property crash then
Gotta wonder where ABS is getting their stats from - definitely not accurate....
yeah they don't make it super clear about part time/full time for all data sets unfortunately
I WILL WIN AND BEAT MY PEERS
AGGGGGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
😂
Is this net or gross?