Revealed: Australia's Highest-Paying Jobs and Wealthiest Postcodes in 2023

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.