ATO Taxation Statistics 2023–24 edition

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Postcode ATO 2023–24

Sorrento 3943 income

The median taxable income for Sorrento postcode 3943 was $60,926 in 2023–24, and the average taxable income was $156,507 (ATO Table 8).

1,347 individuals; ranked 150 of 594 in VIC; ranked 722 of 2,283 nationally by median taxable income.

1,347

individuals, ATO 2023–24

ATO Table 8

$60,926

median taxable income, ATO 2023–24

ATO Table 8

$156,507

average taxable income, ATO 2023–24

ATO Table 8

150

state rank by median taxable income, ATO 2023–24

of 594

ATO Table 8

722

national rank by median taxable income, ATO 2023–24

of 2,283

ATO Table 8

Where it sits in VIC

Where Sorrento 3943 sits among 594 VIC postcodes by median taxable income, ATO 2023–24
Where Sorrento 3943 sits among 594 VIC postcodes by median taxable income, ATO 2023–24 0 20 40 60 This postcode: $60,926 $40,000 $60,000 $80,000 Median taxable income ($), ATO 2023–24

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
Where Sorrento 3943 sits among 594 VIC postcodes by median taxable income, ATO 2023–24
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 (includes this one) 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 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

Average taxable income ($156,507) is more than 1.5 times median taxable income ($60,926) in this postcode (ATO 2023–24, Table 8). A few very high incomes sit well above the middle of the distribution and pull the average up.

Taxable income by year

Median and average taxable income by year, Sorrento 3943, ATO 2023–24
Median and average taxable income by year, Sorrento 3943, ATO 2023–24 $0 $50,000 $100,000 $150,000 $200,000 10-year gap 2003–04 2013–14 2018–19 2023–24 Tax 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
Median and average taxable income by year, Sorrento 3943, ATO 2023–24
Year median taxable incomeaverage taxable income
2003–04 $24,329$39,225
2013–14 $34,842$61,681
2014–15 $35,406$77,798
2015–16 $35,924$109,225
2016–17 $37,427$92,477
2017–18 $38,176$115,985
2018–19 $39,519$88,620
2019–20 $40,816$107,066
2020–21 $45,000$97,332
2021–22 $52,585$126,272
2022–23 $52,745$113,388
2023–24 $60,926$156,507

ATO Table 8

Taxable income by year, postcode 3943, ATO 2023–24
Yearindividualsmedian taxable incomeaverage taxable income
2003–041,222$24,329$39,225
2013–141,013$34,842$61,681
2014–151,060$35,406$77,798
2015–161,110$35,924$109,225
2016–171,160$37,427$92,477
2017–181,161$38,176$115,985
2018–191,176$39,519$88,620
2019–201,221$40,816$107,066
2020–211,227$45,000$97,332
2021–221,241$52,585$126,272
2022–231,301$52,745$113,388
2023–241,347$60,926$156,507

ATO Table 8

74.86%

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 3943, from ABS postal area boundaries (2021).

Median taxable income in 3943 and neighbouring postcodes, ATO 2023–24
Postcodemedian taxable incomestate rank by median taxable income
Portsea 3944$75,80913
Sorrento 3943$60,926150
Blairgowrie 3942$52,117359

ATO Table 8; boundaries from the ABS

Where it sits in Mornington Peninsula

Sorrento 3943 ranks 4 of 25 postcodes in the Mornington Peninsula 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. This LGA has 25 published postcodes; the ones ranked closest to 3943 are listed.

Postcodes in the Mornington Peninsula local government area by median taxable income, ATO 2023–24
Postcoderank in the LGA by median taxable incomemedian taxable income
Portsea 39441$75,809
Mount Eliza 39302$65,430
Hmas Cerberus 39203$65,119
Sorrento 39434$60,926
Somerville 391276% of this postcode is in the LGA5$59,385
Mount Martha 39346$58,900
Shoreham 39167$57,842
Baxter 391161% of this postcode is in the LGA8$56,927
Tyabb 39139$56,665

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.

Postcodes ranked immediately above and below 3943 in VIC by median taxable income, ATO 2023–24
Postcodestate rank by median taxable incomemedian taxable income
Mount Evelyn 3796145$61,148
Kilsyth 3137146$61,138
Upwey 3158147$61,070
Oakleigh South 3167148$61,068
Aintree 3336149$60,927
Hurstbridge 3099151$60,899
South Morang 3752152$60,737
Mooroolbark 3138153$60,605
Greenvale 3059154$60,580
Cockatoo 3781155$60,498

ATO Table 8