Torquay · Statistical Area 2 (SA2)

Income in Torquay

What people and households earn each week, and how incomes are spread.

Weekly family incomes of $2,627 make Torquay a much wealthier area than most across the country. This higher earning power is seen across the board, with typical household and personal incomes sitting well above the state and national figures. Earnings have climbed significantly over the last decade, boosting the local spending power.

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📍 Torquay, Statistical Area 2 (SA2)

Where Torquay sits — Median household income (weekly)

$2,281 ▲ +57.7%
  • $500–$607: 7 areas
  • $607–$714: 1 area
  • $714–$821: 8 areas
  • $821–$929: 26 areas
  • $929–$1,036: 69 areas
  • $1,036–$1,143: 119 areas
  • $1,143–$1,250: 181 areas
  • $1,250–$1,357: 182 areas
  • $1,357–$1,464: 220 areas
  • $1,464–$1,571: 146 areas
  • $1,571–$1,679: 154 areas
  • $1,679–$1,786: 149 areas
  • $1,786–$1,893: 158 areas
  • $1,893–$2,000: 152 areas
  • $2,000–$2,107: 188 areas
  • $2,107–$2,214: 145 areas
  • $2,214–$2,321: 129 areas
  • $2,321–$2,429: 109 areas
  • $2,429–$2,536: 56 areas
  • $2,536–$2,643: 52 areas
  • $2,643–$2,750: 31 areas
  • $2,750–$2,857: 29 areas
  • $2,857–$2,964: 18 areas
  • $2,964–$3,071: 23 areas
  • $3,071–$3,179: 19 areas
  • $3,179–$3,286: 11 areas
  • $3,286–$3,393: 10 areas
  • $3,393–$3,500: 22 areas

All statistical area 2 (sa2) areas, 2021. The marker is Torquay — higher than 82% of areas.

Median household income (weekly) compared with the state and national average
Torquay$2,281
3228, VIC $2,282
Victoria $1,759
Australia $1,746

Typical incomes

Median personal, family and household incomes.

The typical household earns $2,281 a week, which is well above the Victorian figure of $1,759. This reflects a broader trend in the area, as typical personal weekly incomes have risen by $330 since 2011 to reach $1,001.

$1,001 ▲ +49.2%

Higher than 77% of statistical area 2 (sa2) areas.

  • 2011: $671
  • 2016: $769
  • 2021: $1,001

Median total personal income per week for people aged 15+.

$2,281 ▲ +57.7%

Higher than 82% of statistical area 2 (sa2) areas.

  • 2011: $1,446
  • 2016: $1,767
  • 2021: $2,281

Median total household income per week.

$2,627 ▲ +54.2%

Higher than 79% of statistical area 2 (sa2) areas.

  • 2011: $1,704
  • 2016: $2,036
  • 2021: $2,627

Median total family income per week.

Income spread

High earners and the full distribution.

High earners are common here, with 33.2% of households bringing in $3,000 or more a week, a figure far above the national 22.6%. This proportion of top-earning households rose by 22 points since 2011, while people earning $2,000 or more a week also increased to 18.7%.

Household income distribution

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In Torquay, the largest group is $1,500–$2,999 at 31%, followed by $650–$1,499 (22%) and $4,000 or more (20%).

Personal income distribution

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Torquay splits fairly evenly between Under $650 (35%) and $650–$1,499 (31%), with $1,500–$2,999 at 26%.

Sources

  • Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).

More for Torquay

Cite this page

Australian Bureau of Statistics. (2021). Income in Torquay [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/203031053/torquay/topic/income