Medical professionals continue to lead as Australia's highest earners, with surgeons topping the list at an average yearly income of $472,475 in 2022-23, according to the latest ATO report. This figure is more than six times the national average taxable income of $74,240.
Top Earning Professions in Australia
- Surgeons: $472,475
- Anaesthetists: $447,193
- Internal Medicine Specialists: $342,457
- Psychiatrists: $286,146
- Other Medical Practitioners: $259,802
Financial dealers stand out among non-medical roles, earning an average of $355,233, followed by mining engineers and judicial and legal professionals.
Australia's Richest Postcodes
- 2027 (Sydney): Darling Point, Edgecliff, HMAS Rushcutters, and Point Piper lead with an average income of $279,712.
- NSW dominates with seven of the top 10 postcodes, alongside areas in Melbourne and Perth.
Key Insights:
- Work-related expenses made up half of all deductions, with Australians claiming an average of $2,739 per person.
- The ATO collected $577.4 billion in 2022-23, with over half coming from individual taxpayers.
Comments
Join Our Community
Sign up to share your thoughts, engage with others, and become part of our growing community.
No comments yet
Be the first to share your thoughts and start the conversation!