ATO Taxation Statistics 2023–24 edition

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Occupation ATO 2023–24

Economist salary in Australia

The median salary or wage income for Economist in Australia was $128,928 in 2023–24, and the average was $152,674 (ATO Table 15A).

4,109 people reported this occupation; median taxable income was $133,017; ranked 81 of 1,176 occupations by median salary or wage income.

$128,928

median salary or wage income, ATO 2023–24

ATO Table 15A

$152,674

average salary or wage income, ATO 2023–24

ATO Table 15A

$133,017

median taxable income, ATO 2023–24

ATO Table 15A

4,109

individuals, ATO 2023–24

ATO Table 15A

81

rank by median salary or wage income, ATO 2023–24

of 1,176 occupations

ATO Table 15A

Where it sits among occupations

Where Economist sits among 1,176 occupations by median salary or wage income, ATO 2023–24
Where Economist sits among 1,176 occupations by median salary or wage income, ATO 2023–24 0 100 200 300 400 This occupation: $128,928 $0 $100,000 $200,000 $300,000 $400,000 Median salary or wage income ($), ATO 2023–24

Vertical axis: Number of occupations. Horizontal axis: Median salary or wage income ($), ATO 2023–24, in bands of $20,000. The highlighted band holds this one.

Show data
Where Economist sits among 1,176 occupations by median salary or wage income, ATO 2023–24
Band Number of occupations
$0 to $19,999 20
$20,000 to $39,999 142
$40,000 to $59,999 267
$60,000 to $79,999 302
$80,000 to $99,999 212
$100,000 to $119,999 122
$120,000 to $139,999 (includes this one) 49
$140,000 to $159,999 15
$160,000 to $179,999 15
$180,000 to $199,999 13
$200,000 to $219,999 7
$220,000 to $239,999 5
$240,000 to $259,999 2
$260,000 to $279,999 2
$280,000 to $299,999 1
$300,000 to $319,999 0
$320,000 to $339,999 1
$340,000 to $359,999 0
$360,000 to $379,999 0
$380,000 to $399,999 0
$400,000 to $419,999 0
$420,000 to $439,999 1

ATO Table 15A

Salary or wage income by year

Median and average salary or wage income by year, Economist, ATO 2023–24
Median and average salary or wage income by year, Economist, ATO 2023–24 $0 $50,000 $100,000 $150,000 $200,000 2017–18 2023–24 Tax year

Vertical axis: Salary or wage income ($), ATO 2023–24. Horizontal axis: Tax year.

  • median salary or wage income
  • average salary or wage income
Show data
Median and average salary or wage income by year, Economist, ATO 2023–24
Year median salary or wage incomeaverage salary or wage income
2017–18 $108,642$128,775
2018–19 $111,133$130,875
2019–20 $114,155$134,833
2020–21 $118,760$139,400
2021–22 $121,966$145,404
2022–23 $123,915$147,932
2023–24 $128,928$152,674

ATO Table 15A

Salary or wage income by year, Economist, ATO 2023–24
Yearindividualsmedian salary or wage incomeaverage salary or wage income
2017–183,575$108,642$128,775
2018–193,636$111,133$130,875
2019–203,609$114,155$134,833
2020–213,637$118,760$139,400
2021–223,808$121,966$145,404
2022–234,046$123,915$147,932
2023–244,109$128,928$152,674

ATO Table 15A

Men and women

Median income by sex, Economist, ATO 2023–24
Median income by sex, Economist, ATO 2023–24 $0 $50,000 $100,000 $150,000 Median salary or wage income Male $133,575 Female $120,462 Median taxable income Male $139,422 Female $122,886 Median total income Male $143,735 Female $126,063 Median income ($), ATO 2023–24

Horizontal axis: Median income ($), ATO 2023–24. Bars are labelled Male and Female; the exact figures are in the table below.

ATO Table 15A

Men and women, Economist, ATO 2023–24
Measure TotalMaleFemale
individuals 4,109 2,638 1,471
average taxable income $166,556 $177,203 $147,462
median taxable income $133,017 $139,422 $122,886
average salary or wage income $152,674 $161,058 $137,733
median salary or wage income $128,928 $133,575 $120,462
average total income $170,940 $182,045 $151,025
median total income $136,251 $143,735 $126,063

ATO Table 15A

Economist (unit group 2243) by state

Figures are for the unit group, not this occupation alone.

Economist (unit group 2243) by state, ATO 2023–24
Stateindividualsaverage taxable incomemedian taxable income
NSW1,358$196,675$145,099
ACT498$153,740$133,825
WA248$157,291$132,114
QLD581$149,755$130,826
VIC1,140$157,823$129,771
NT19$126,330$116,242
SA145$121,452$114,120
TAS64$124,305$110,002

ATO Table 15D

Typical deductions for Business, human resource and marketing professionals

Figures are for the sub-major group, not this occupation alone.

Typical deductions for Business, human resource and marketing professionals, ATO 2023–24
Deductiondeduction claimantsaverage deduction claim
Work related car expenses195,801$3,179
Work related travel expenses98,126$1,129
Work related uniform/clothing expenses177,398$252
Work related self education expenses68,152$2,192
Other work related expenses509,470$1,432
Total work related expenses536,753$3,087

ATO Table 18B