Household income quartiles In Old Toongabbie, the 'highest'
quartile is the largest group, comprising 30% of households with
income. Households form the common 'economic unit' in our
society. Household Income is one of the most important
indicators of socio-economic status. With other data sources,
such as Educational Qualifications and Occupation, it helps to
reveal Old Toongabbie's socio-economic status and economic
opportunities. Household income levels are not comparable over
time because of the influences of economic change such as wage
level fluctuations and inflation. The income quartile method is
a powerful and objective way of looking at income data and in
particular, how it is changing. A detailed explanation of how
Household Income quartiles are calculated and interpreted is
available in specific data notes. Derived from the Census
question: 'What is the total of all wages/salaries, government
benefits, pensions, allowances and other income the person
usually receives?' |Household income quartiles|