Postcode ATO 2023–24
Richmond 3121 income
The median taxable income for Richmond postcode 3121 was $78,482 in 2023–24, and the average taxable income was $105,695 (ATO Table 8).
23,309 individuals; ranked 8 of 594 in VIC; ranked 82 of 2,283 nationally by median taxable income.
23,309
individuals, ATO 2023–24
ATO Table 8
$78,482
median taxable income, ATO 2023–24
ATO Table 8
$105,695
average taxable income, ATO 2023–24
ATO Table 8
8
state rank by median taxable income, ATO 2023–24
of 594
ATO Table 8
82
national rank by median taxable income, ATO 2023–24
of 2,283
ATO Table 8
Where it sits in VIC
Vertical axis: Number of VIC postcodes. Horizontal axis: Median taxable income ($), ATO 2023–24, in bands of $2,000. The highlighted band holds this one.
Show data
| Band | Number of VIC postcodes |
|---|---|
| $34,000 to $35,999 | 3 |
| $36,000 to $37,999 | 1 |
| $38,000 to $39,999 | 2 |
| $40,000 to $41,999 | 11 |
| $42,000 to $43,999 | 22 |
| $44,000 to $45,999 | 38 |
| $46,000 to $47,999 | 46 |
| $48,000 to $49,999 | 55 |
| $50,000 to $51,999 | 54 |
| $52,000 to $53,999 | 56 |
| $54,000 to $55,999 | 50 |
| $56,000 to $57,999 | 48 |
| $58,000 to $59,999 | 44 |
| $60,000 to $61,999 | 40 |
| $62,000 to $63,999 | 27 |
| $64,000 to $65,999 | 21 |
| $66,000 to $67,999 | 22 |
| $68,000 to $69,999 | 15 |
| $70,000 to $71,999 | 11 |
| $72,000 to $73,999 | 8 |
| $74,000 to $75,999 | 8 |
| $76,000 to $77,999 | 3 |
| $78,000 to $79,999 (includes this one) | 5 |
| $80,000 to $81,999 | 1 |
| $82,000 to $83,999 | 2 |
| $84,000 to $85,999 | 0 |
| $86,000 to $87,999 | 1 |
ATO Table 8
Taxable income by year
Vertical axis: Taxable income ($), ATO 2023–24. Horizontal axis: Tax year.
No years are published between 2003–04 and 2013–14.
- median taxable income
- average taxable income
Show data
| Year | median taxable income | average taxable income |
|---|---|---|
| 2003–04 | $34,926 | $44,235 |
| 2013–14 | $53,886 | $73,256 |
| 2014–15 | $55,203 | $73,815 |
| 2015–16 | $57,594 | $87,388 |
| 2016–17 | $59,333 | $80,807 |
| 2017–18 | $61,679 | $81,749 |
| 2018–19 | $65,449 | $83,564 |
| 2019–20 | $67,134 | $86,207 |
| 2020–21 | $69,616 | $93,489 |
| 2021–22 | $73,373 | $97,993 |
| 2022–23 | $76,146 | $102,740 |
| 2023–24 | $78,482 | $105,695 |
ATO Table 8
| Year | individuals | median taxable income | average taxable income |
|---|---|---|---|
| 2003–04 | 16,619 | $34,926 | $44,235 |
| 2013–14 | 19,962 | $53,886 | $73,256 |
| 2014–15 | 20,683 | $55,203 | $73,815 |
| 2015–16 | 21,020 | $57,594 | $87,388 |
| 2016–17 | 21,675 | $59,333 | $80,807 |
| 2017–18 | 22,349 | $61,679 | $81,749 |
| 2018–19 | 22,749 | $65,449 | $83,564 |
| 2019–20 | 22,422 | $67,134 | $86,207 |
| 2020–21 | 21,238 | $69,616 | $93,489 |
| 2021–22 | 21,349 | $73,373 | $97,993 |
| 2022–23 | 22,700 | $76,146 | $102,740 |
| 2023–24 | 23,309 | $78,482 | $105,695 |
ATO Table 8
45.64%
ten-year growth in median taxable income, ATO 2023–24
from 2013–14 to 2023–24
ATO Table 8
Neighbouring postcodes
Postcodes that share a boundary with 3121, from ABS postal area boundaries (2021).
| Postcode | median taxable income | state rank by median taxable income |
|---|---|---|
| Toorak 3142 | 2 | |
| East Melbourne 3002 | 7 | |
| Richmond 3121 | 8 | |
| South Yarra 3141 | 23 | |
| Abbotsford 3067 | 24 | |
| Hawthorn 3122 | 31 | |
| Melbourne 3004 | 75 |
ATO Table 8; boundaries from the ABS
Where it sits in Yarra
Richmond 3121 ranks 1 of 7 postcodes in the Yarra local government area by median taxable income (ATO 2023–24, Table 8).
A postcode is listed under every LGA that holds at least 25% of it, so one that crosses a council boundary appears in more than one list.
| Postcode | rank in the LGA by median taxable income | median taxable income |
|---|---|---|
| Richmond 3121 | 1 | |
| Collingwood 3066 | 2 | |
| Fitzroy North 306895% of this postcode is in the LGA | 3 | |
| Fairfield 307827% of this postcode is in the LGA | 4 | |
| Abbotsford 3067 | 5 | |
| Fitzroy 3065 | 6 | |
| Carlton North 3054 | 7 |
ATO Table 8; LGA from the ABS postcode to LGA correspondence (2025)
Ranked next to it in VIC
Five postcodes above and five below in the same state, or fewer at either end of the ranking.
| Postcode | state rank by median taxable income | median taxable income |
|---|---|---|
| Albert Park 3206 | 3 | $82,515 |
| Armadale 3143 | 4 | $81,445 |
| Port Melbourne 3207 | 5 | $79,599 |
| Malvern 3144 | 6 | $79,322 |
| East Melbourne 3002 | 7 | $79,301 |
| Yarraville 3013 | 9 | $78,335 |
| Newport 3015 | 10 | $77,948 |
| Mount Macedon 3441 | 11 | $76,542 |
| Collingwood 3066 | 12 | $76,534 |
| Portsea 3944 | 13 | $75,809 |
ATO Table 8