Australia is an island nation located separate from the rest of the world.
In addition to its geographical features, the country has one of the highest wage levels among developed economies.
Read our article to find out what the average salary is in Australia.
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Average salary in Australia
According to data According to the Australian Bureau of Statistics, at the end of 2024, the average weekly wage rose by 4.6% year-on-year to A$1,975.80 (approximately $1,282.50) per week.
Average weekly wage in Australia for men and women:
- For men, the figure was AUD 2,253.30 in the public sector (around $1,462.80) and AUD 2,038.00 in the private sector (around $1,323.30).
- For women, the median weekly income was AUD 2,027.20 in the public sector (approximately $1,315.40) and AUD 1,739.30 in the private sector (approximately $1,129.00).
Australia's minimum wage to rise from July 1, 2025
Australian Labour Commission announced a 3.5% increase in the minimum wage from July 1, 2025. The move is expected to boost real incomes for some 2.6 million low-wage workers.
The minimum hourly wage will rise to AUD24.94 (around $16.19), providing an additional annual income of around AUD1,670 for full-time workers.
Consumer price inflation in the first quarter of 2025 eased to 2.4%, in line with the Reserve Bank of Australia's forecast range of 2-3% and a significant decline from the peak of 7.8% in late 2022.
The head of the Australian Labour Commission noted that the decision was aimed at partially restoring the real incomes of workers who have experienced a decline in purchasing power in recent years due to the rising cost of living.
If this opportunity is not taken up in the current review, the real decline in wages that has already occurred could become permanent, leading to a sustained decline in the standard of living of the most vulnerable groups, he said.
In 2024, the minimum wage in Australia increased by 3.75%, which only partially offset the rate of inflation.
The Australian Council of Trade Unions (ACTU) welcomed the increase, calling it a major victory for minimum wage workers.
It is this category of the population that has suffered the most from the effects of inflationary pressures caused by the Covid-19 pandemic, according to ACTU general secretary Sally McManus.
In parallel, the Reserve Bank of Australia last month cut its key interest rate to its lowest level in two years.
This was made possible by containing inflation and the need to respond to increased external economic risks. The Bank also did not rule out further easing of monetary policy in the near future.
Despite changes in the macroeconomic environment, the country's unemployment rate has remained at 4.1% for more than a year.
At the same time, the main growth in employment is provided by the public sector.
