ABS Data · VIC Economy

Victoria
Economy

Wages, jobs, earnings, and cost of living in Victoria. Real ABS data — no spin.

4,084,228
Population (Census)
$810
Median Weekly Income
4.7%
Unemployment Rate
$394
Median Weekly Rent
Source: ABS Census 2021, WPI (6345.0), Labour Force (6202.0), AWE (6302.0)
Overview

Victoria economy at a glance

The average full-time worker in VIC earns $2,080/week (below the national average of $2,129/week). The unemployment rate sits at 4.7% (above the national 4.3%). Wages grew +3.2% over the past year (nationally +3.4%).

The median weekly rent across VIC suburbs is $394, which is 48.6% of median weekly income — above the 30% affordability benchmark.

Wage Price Index

Wage growth in VIC

WPI tracks how fast wages are growing. VIC vs national. Hover for detail.

159.7
Latest WPI Index
+3.2%
VIC WPI YoY
+3.4%
National WPI YoY
VIC WPI
National (dashed)
Job Market

Employment in VIC

Unemployment rate and labour force participation for Victoria.

4.7%
Unemployment Rate
4.3%
National Unemployment
67.6%
Participation Rate
VIC Unemployment
National (dashed)
Average Weekly Earnings

What VIC earns

Full-time adult average weekly earnings by industry. ABS Cat. 6302.0.

$2,080
Weekly (VIC)
$108,139
Annual (VIC)
$2,129
National Weekly
Cost of Living

Rent & income in VIC

Median rent and income from ABS Census 2021 suburb data across Victoria.

$394
Median Weekly Rent
$810
Median Weekly Income
$42,094
Median Annual Income
48.6%
Rent as % of Income
Above 30% benchmark
Top Suburbs

Largest suburbs in VIC

Highest-population SA2 areas in Victoria from ABS Census 2021.

Explore

Other state economies

Compare economic data across Australia's states and territories.

Data Sources
ABS Wage Price Index (6345.0)
Quarterly WPI by state. Total hourly rates of pay excluding bonuses.
ABS WPI →
ABS Labour Force (6202.0)
Monthly unemployment rate and participation by state.
ABS Labour →
ABS Average Weekly Earnings (6302.0)
Half-yearly earnings by state, industry, and sex.
ABS AWE →
ABS Census of Population and Housing (2021)
Suburb-level population, income, and rent data from Census 2021.
ABS Census →