GITNUX MARKETDATA REPORT 2024

Australian Middle Class Statistics [Fresh Research]

In this post, we analyze key statistics regarding the Australian middle class, shedding light on their demographics, financial status, and educational background. From household income distributions to homeownership rates and educational attainment levels, these statistics provide insight into the characteristics and challenges faced by the middle-class population in Australia.

Statistic 1

"40% of Australians consider themselves to be middle class."

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Statistic 2

"35% of Australian middle class have an annual household income between AUD$75,000 and AUD$125,000."

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Statistic 3

"The middle 50% of Australian households hold 47% of total household net worth."

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Statistic 4

"52% of Australian middle-class households own their home."

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Statistic 5

"44% of Australian middle-class households have children."

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Statistic 6

"Australia’s 50-50-50 class profile means that 50% of Australians are middle class, 50% of them own their own houses, and 50% of them have children."

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Statistic 7

"29% of the Australian middle class have a bachelor’s degree or higher."

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Statistic 8

"70% of Australia’s middle class live in major cities."

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Statistic 9

"20% of Australian middle-class households have an annual household income above AUD$125,000."

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Statistic 10

"29% of the Australian middle class are professionals."

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Statistic 11

"The Australian middle class has a median household income of AUD$80,000."

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Statistic 12

"48% of Australia’s middle class are reportedly concerned about maintaining their cost of living."

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Statistic 13

"26% of Australians aged 18-64 identify as middle class and have a superannuation account balance of AUD$100,000 or more."

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Statistic 14

"Australia’s median wealth per adult is USD$181,361, positioning the middle class above the global average."

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The statistics reveal that a significant portion of Australians identify themselves as middle class, with a notable portion falling within the income range of AUD$75,000 to AUD$125,000 annually. Homeownership is common among the Australian middle class, as is having children. The data also indicates a high level of education and urban residence among this group. Concerns about maintaining their cost of living are prevalent, despite the middle class being situated above the global average in terms of wealth. These findings provide valuable insights into the composition and characteristics of the Australian middle class, highlighting key trends and concerns shaping their socioeconomic status.

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