What is the average salary in Australia for 2021?
Posted on January 19, 2021
The average salary of an individual in Australia for 2021 is projected to be around 99,596 AUD per year. Salaries can range from 33,000 AUD to 260,000 AUD in 2021. The average salary includes housing, transport and additional benefits.
The median salary or the middle salary value is 72,000 AUD per year. This indicates that half the population are earning less than this amount while another half is earning more than this amount.
Experience factor in salary
Years of experience is directly proportional to the salary. The more years of experience will get a higher salary. Employees with 20+ years of experience receive a gross average of AU$ 144,127 as opposed to AU$ 55,002 for those with one year of work experience. The disparity between staff with 20+ Years of experience and 0-1 Year is 141.50 percent.
Salaries based on experience can vary across locations and career fields. This also depends on the job title.
Education factor in salary
Salary levels are determined by the level of higher education. Individuals with different levels of education but at the same profession will have a differentiation in their pay levels.
Those with doctorate degrees earn the highest total gross wages in Australia which is around AUD129,996. The least salary is for those with education below high school level. They earn around AUD 64,131. This is 97.31% lesser than what doctoral degree holders earn.
Average salary by profession
The highest gross salaries are for engineers and technicians who earn around AUD 141,456 in a year while management professionals earn about AUD 137,766 AUD in a year. Those working in restaurants are at the lower end of the scale with an annual salary of AUD 46,445. The difference between the highest and lowest paid positions is about 193%.
Average salary by career
A director earns an annual gross salary of AUD 187,775, and is among the highest earners. This is followed by General Managers and Engineering Managers who earn AUD 179,389 and AUD 164,485 respectively. A cook earns a gross annual income of AUD 50,992 while teachers earn AUD 74,607 annually. The difference is 215.41 percent between the lowest and the highest paying occupations.
Average salary by job type
Those in permanent jobs earn more than those in contract jobs while those in part-time jobs earn the least annual gross income.
Average salary by city
When looking at the salary range on cities of Australia, employees in Perth get the highest with an annual gross income of AUD 106,930 while those in the city of Launceston are paid the least at AUD 74,722.
While there will be a marginal increase in the average salary figures in Australia for 2021, it will not be a dramatic increase from 2020 due to the Coronavirus pandemic.