Average Salary in Australia 2024

Discover the ins and outs of salary in Australia with comprehensive insights into the pay scale, wage gap, yearly increments, and breakdown across education levels and years of experience. Unveiling the crucial aspects of Australia's salary landscape, this article sheds light on the varying wage brackets, helping you make informed decisions regarding your career and financial growth. Explore the vast spectrum of salaries, understand the wage disparities, and arm yourself with essential knowledge to thrive in the Australian job market.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Australia in 2024?

What is the average salary in Australia in 2024?
63,000USD
(USD 5,300 monthly)
Low 28,400 USD
Average 63,000 USD
High 277,600 USD
The average salary in Australia is typically USD 63,000 per year. However, salaries can vary greatly, ranging from USD 28,400 (lowest average) to USD 277,600 (highest average, actual maximum salary is higher). These figures include housing, transport, and other benefits. Different careers offer significantly diverse salary opportunities. If you wish to explore salaries for specific job titles, they are listed below.
In comparison with average salary in Australia in 2023, salaries changed by +0.5% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison between 2023 and 2024 can be done at the year's end.

Pay Scale and Salaries in Australia

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 277,600, 75% of the people earn USD 87,000 or less. 50% employees earn less USD 60,900 or less, 25% of the employees earn less than USD 45,700.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 277,600, 75% of the people earn USD 87,000 or less. 50% employees earn less USD 60,900 or less, 25% of the employees earn less than USD 45,700.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Australia the minimum salary is USD 28,400.

Median Salary

The median salary in Australia is USD 49,800, indicating the middle point of all salaries in a dataset, with half of the values above and half below it. This statistic offers a more balanced perspective on income distribution and is widely used to assess average earnings across different professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Australia the salary ranges from USD 28,400 to USD 277,600.

Annual Salary Increments in Australia

What is the average annual salary increment in the Australia? How frequently do employees receive salary raises?

Employees in Australia experienced an average salary increase of 0.5% during 2024. This average is calculated across different job sectors. Globally, the average salary increase for 2024 is 0.5%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, employees in Australia witnessed an average salary growth of 0.5%. This represents an overall average across various job sectors. The worldwide average for 2024 is 0.5%.

Historical Graph of Annual Salary Increments in Australia

On an average, employees in Australia have received a salary increase ranging from 0.5% to 3.9% per year in recent years. This translates to an average increment of 1.9% per year.Download chartGet chart linkShare on FacebookShare on Twitter
Employees based in Australia have experienced a salary increase averaging 1.9% per year in recent years. This translates to a range of 0.5% to 3.9% increment per year.

Salary Forecast and Trends for the Future in Australia

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.6%. Estimated range is between 1.4% and 4.0%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.6%. Estimated range is between 1.4% and 4.0%.

Gender Wage Gap in Australia

What is the difference in pay between mens and womens? Men vs. women salary comparison.

The gender pay disparity in Australia is 9.9%.Download chartGet chart linkShare on FacebookShare on Twitter
Actual wage gap in Australia is 9.9%.
It's due to many factors, such as:
  • Gender-based prejudice.
  • On average, women enjoy 10% more days of paid vacation than men each year.
  • Men are more likely than women to have a college degree.
  • Females are more inclined than males to assume caregiving responsibilities for children and elderly relatives.
  • The likelihood of women working part-time is higher than that of men, and part-time workers generally earn less than full-time workers.
  • In comparison to men, women are more likely to work in lower-paying occupations.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and obtaining a bachelor's degree brings a multitude of benefits. Firstly, it significantly enhances one's career prospects, leading to higher earning potential and access to a broader range of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and obtaining a bachelor's degree brings a multitude of benefits. Firstly, it significantly enhances one's career prospects, leading to higher earning potential and access to a broader range of job opportunities. Beyond financial rewards, pursuing a bachelor's degree fosters personal growth, critical thinking skills, and the chance to specialize in a particular field of interest. It also facilitates valuable networking opportunities and the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative path that opens doors to a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. showcases extraordinary dedication to expanding the frontiers of knowledge and achieving a fulfilling and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 8%-12%. Expertise and leadership garner higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 22%-26% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of approximately 8%-12%. Expertise and leadership yield higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 22%-26% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Australia

What is the average hourly wage in the Australia?

Average Hourly Wage
31USD
Low 14 USD
Average 31 USD
High 136 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Budgeting and planning for expenses may be challenging due to the irregular or fluctuating income that hourly wages can bring.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks commonly associated with full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can upset work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Hourly positions are sometimes more susceptible to layoffs, downsizing, or changes in demand, which can lead to job insecurity compared to salaried positions.
  • Limited career advancement: Some hourly positions within the organization may offer limited opportunities for career growth, professional development, or upward mobility.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Australia

What are the best paying jobs in Australia?

List with best paid jobs in AustraliaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Australia?

  1. Surgeon (USD 274,500)
  2. Doctor (USD 247,900)
  3. Chief Executive Officer (CEO) (USD 236,200)
  4. Registered Nurse Anesthetist (USD 230,500)
  5. Dentist (USD 220,500)
  6. Airline Pilot (USD 213,000)
  7. Intellectual Property Lawyer (USD 205,600)
  8. Marketing Manager (USD 181,800)
  9. Marketing Director (USD 181,800)
  10. Sales Director (USD 171,000)
  11. Sales Manager (USD 171,000)
  12. Petroleum Engineer (USD 169,300)
  13. Brand Manager (USD 165,600)
  14. Marketer (USD 165,600)
  15. Judge (USD 163,200)
  16. Treasurer (USD 160,700)
  17. Controller (USD 160,700)
  18. Pharmacist (USD 156,800)
  19. Tax Lawyer (USD 154,700)
  20. Lawyer (USD 154,700)
List with worst paid jobs in AustraliaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Australia?

  1. Cashier (USD 29,600)
  2. Childcare Worker (USD 31,100)
  3. Stock clerk (USD 31,600)
  4. Elder Care Worker (USD 31,700)
  5. Receptionist (USD 32,900)
  6. Bartender (USD 35,800)
  7. Food and beverage server (USD 36,000)
  8. Janitor (USD 36,200)
  9. Waiter (USD 36,900)
  10. Tour Guide (USD 37,100)
  11. Customer Service Representative (USD 44,600)
  12. Hotel Concierge (USD 45,200)
  13. Rehabilitation Counselor (USD 45,800)
  14. Travel Agent (USD 49,600)
  15. Secretary (USD 51,100)
  16. Painter (USD 52,900)
  17. Carpenter (USD 54,700)
  18. Bus Driver (USD 55,900)
  19. Artist (USD 56,400)
  20. Truck Driver (USD 57,500)
List with best paid industries in AustraliaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 175,300)
  2. Business and Management (USD 149,100)
  3. Marketing and Sales (USD 137,200)
  4. Engineering (USD 126,500)
  5. Law (USD 120,000)
  6. Accounting and Finance (USD 118,800)
  7. Computer and Information Technology (USD 116,600)
  8. Transportation and Logistics (USD 113,500)
  9. Science (USD 112,800)
  10. Education and Training (USD 93,400)
  11. Other (USD 69,300)
  12. Hospitality and Tourism (USD 58,000)
  13. Social Services (USD 47,600)
  14. Services (USD 43,300)