Income distribution ATO 2023–24

Top taxable incomes in Victoria

In 2023–24, 9.44% of the 3,379,413 taxable individuals in Victoria were in Australia's top 10% by taxable income, and 0.96% were in the top 1% (ATO Table 16A).

Average taxable income was $93,491 across all taxable individuals there, and $301,936 for those in the national top 10%.

9.44%

share of taxable individuals, ATO 2023–24

In the national top 10%

ATO Table 16A

0.96%

share of taxable individuals, ATO 2023–24

In the national top 1%

ATO Table 16A

$93,491

average taxable income, ATO 2023–24

All taxable individuals in Victoria

ATO Table 16A

3,379,413

individuals, ATO 2023–24

Taxable individuals in Victoria

ATO Table 16A

Where Victoria cut-offs fall

Each cut-off is found by counting down from the highest band until that share of Victoria taxable individuals is reached. The cut-off sits somewhere inside the band named here; Table 16A does not show where.

National band holding each Victoria cut-off, ATO 2023–24
Group	National band it falls in	Band number	Cut-off for Australia
Top 1%	$306,054 to $429,530	99 of 100	$429,531
Top 5%	$194,637 to $208,280	95 of 100	$208,281
Top 10%	$156,957 to $162,971	90 of 100	$162,972
Middle (50%)	$70,664 to $71,795	50 of 100	$71,795

ATO Table 16A

Across the national deciles

Where Victoria sits in the national deciles, ATO 2023–24

Share of taxable individuals in Victoria
10%: a tenth in each decile, as across Australia

Vertical axis: Share. Horizontal axis: National decile of taxable income, 1 is the lowest.

Show data

Where Victoria sits in the national deciles, ATO 2023–24
National decile of taxable income, 1 is the lowest	Share of taxable individuals in Victoria
1	10.26%
2	10.31%
3	10.25%
4	10.07%
5	10.14%
6	10.23%
7	10.14%
8	9.81%
9	9.36%
10	9.44%

ATO Table 16A

What each group earns and pays

Shares are of Victoria alone. The groups come from the national bands.

Taxable income and net tax by income group in Victoria, ATO 2023–24
Income group	Taxable individuals	Share of taxable individuals	Share of taxable income	Share of net tax	Average taxable income
Top 1%	32,500	0.96%	10.31%	17.14%	$1,002,677
Top 5%	159,893	4.73%	21.32%	32.25%	$421,260
Top 10%	319,090	9.44%	30.49%	43.13%	$301,936
Bottom 50%	1,724,084	51.02%	25.48%	13.90%	$46,700
All taxable individuals	3,379,413	100.00%	100.00%	100.00%	$93,491

ATO Table 16A

Men and women

The ATO counts a person whose sex is unknown or indeterminate as male.

Men and women in each income group in Victoria, ATO 2023–24
Income group	Taxable individuals	Men	Women	Share of women
Top 1%	32,500	22,806	9,694	29.83%
Top 5%	159,893	110,672	49,221	30.78%
Top 10%	319,090	217,501	101,589	31.84%
Bottom 50%	1,724,084	767,077	957,007	55.51%
All taxable individuals	3,379,413	1,746,874	1,632,539	48.31%

ATO Table 16A

Every state and territory

The bands are national, so every state is measured against the same groups. The ATO lists people with an overseas or unknown address separately.

Share of each state in the national top groups, ATO 2023–24
State or territory	Taxable individuals	In the national top 10%	In the national top 1%
Western Australia	1,489,910	12.76%	0.99%
Australian Capital Territory	266,797	12.35%	0.85%
New South Wales	4,043,818	11.14%	1.30%
Victoria	3,379,413	9.44%	0.96%
Queensland	2,701,157	8.87%	0.79%
Northern Territory	114,589	8.21%	0.50%
Overseas or unknown	80,999	7.28%	1.59%
South Australia	896,334	6.88%	0.62%
Tasmania	266,894	5.51%	0.52%

ATO Table 16A