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Mornington Peninsula's Median Family Income: A Comprehensive Ranking of Suburbs Based on 2021 Census Data
The median total income of a family based on the reported personal income of all family member (aged 15 and over) present in the household as of the 10th of August for the 2021 Australian Census.The median family income data can be useful for property investors and those looking to move as it provides an insight into the economic status of a suburb. A higher median family income indicates a more affluent suburb, which may be attractive to those looking for a higher standard of living. Additionally, a higher median family income may indicate a higher demand for property in the area, which could lead to potential capital growth for investors. From a livability perspective, a higher median family income may also indicate better access to amenities such as schools, healthcare, and recreational facilities. This data can help individuals make informed decisions about where to invest or move based on their personal preferences and needs. Data from 2020
