ATO Reveals the Top 10 Highest Paid Jobs of Australia

The Australian Tax Office has just released its data revealing Australia’s wealthiest suburbs and highest-earning professions, along with other financial details that may be of use to you.

The taxation statistics outlined below encompass the period between 2018-19.

Top ten Australian highest income earners

As you might expect, many of the highest-earning professionals are in the medical field, though this list also includes legal professions, management, finance and engineering. Surgeons, in particular, saw a hefty rise in their salary, accumulating an increase of $52,500 in the last ten years.

For reference, the average Australian earned $62,549 per annum.

However, as was mentioned previously, this data is purely from the taxation statistics released by the ATO. Here’s a more comprehensive list that draws from third-party data to make well-informed insights.

Highest-earning postcodes in Australia

According to the ATO, here are the top ten richest postcodes in Australia, most residing in New South Wales, with Victoria coming in a close second. Conversely, the lowest-earning suburbs came from regional areas in New South Wales and Queensland.

Other interesting takeaways

• The average superannuation account balance was $143,979 
• 41.7% of Australians earn between $37,001-$90,000
• Only 3.5% of Australians earn $180,001 or more 
• The average salary for Australians has increased from $61,451 during 2017-18 to $63,085 during 2018-19