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Mornington Peninsula's Top Suburbs: Unveiling the Average Total Income of its Residents
The average income earned by each person who earns an income. Income refers to money earned from all sources, including, but not limited to, salary, investment returns, and rent earnings during the financial year.The average total income data for suburbs can be useful for a variety of groups, including property investors and those looking to move. For property investors, this data can provide insight into the potential rental income of a property in a particular suburb. They can use this information to make informed decisions about where to invest their money. For those looking to move, this data can help them determine which suburbs they can afford to live in based on their income. It can also provide an indication of the standard of living in different suburbs. For example, a suburb with a high average total income may have more expensive housing and amenities, while a suburb with a lower average total income may have more affordable options. Data from 2020
| Area | Value |
|---|---|
| 1. 3944 - Portsea | $188,000 |
| 2. 3943 - Sorrento (Vic.) | $115,000 |
| 3. 3937 - Red Hill (Vic.) | $114,000 |
| 4. 3929 - Flinders (Vic.) | $104,000 |
| 5. 3928 - Main Ridge | $93,200 |
| 6. 3916 - Shoreham | $92,900 |
| 7. 3930 - Mount Eliza | $90,300 |
| 8. 3933 - Moorooduc | $81,500 |
| 9. 3926 - Merricks Beach | $79,100 |
| 10. 3934 - Mount Martha | $74,100 |
|
11. |
$67,400 |
|
12. |
$65,700 |
|
13. |
$65,300 |
|
14. |
$63,700 |
|
15. |
$63,600 |
|
16. |
$62,800 |
|
17. |
$62,700 |
|
18. |
$62,600 |
|
19. |
$60,400 |
|
20. |
$60,100 |
|
21. |
$59,800 |
|
22. |
$57,400 |
|
23. |
$57,400 |
|
24. |
$56,500 |
|
25. |
$55,300 |
|
26. |
$55,100 |
|
27. |
$54,700 |
|
28. |
$54,400 |
|
29. |
$53,900 |
|
30. |
$49,000 |
|
31. |
$48,500 |
