Postcode ATO 2023–24
Toorak 3142 income
The median taxable income for Toorak postcode 3142 was $82,873 in 2023–24, and the average taxable income was $277,708 (ATO Table 8).
9,933 individuals; ranked 2 of 594 in VIC; ranked 59 of 2,283 nationally by median taxable income.
9,933
individuals, ATO 2023–24
ATO Table 8
$82,873
median taxable income, ATO 2023–24
ATO Table 8
$277,708
average taxable income, ATO 2023–24
ATO Table 8
2
state rank by median taxable income, ATO 2023–24
of 594
ATO Table 8
59
national rank by median taxable income, ATO 2023–24
of 2,283
ATO Table 8
Where it sits in VIC
Vertical axis: Number of VIC postcodes. Horizontal axis: Median taxable income ($), ATO 2023–24, in bands of $2,000. The highlighted band holds this one.
Show data
| Band | Number of VIC postcodes |
|---|---|
| $34,000 to $35,999 | 3 |
| $36,000 to $37,999 | 1 |
| $38,000 to $39,999 | 2 |
| $40,000 to $41,999 | 11 |
| $42,000 to $43,999 | 22 |
| $44,000 to $45,999 | 38 |
| $46,000 to $47,999 | 46 |
| $48,000 to $49,999 | 55 |
| $50,000 to $51,999 | 54 |
| $52,000 to $53,999 | 56 |
| $54,000 to $55,999 | 50 |
| $56,000 to $57,999 | 48 |
| $58,000 to $59,999 | 44 |
| $60,000 to $61,999 | 40 |
| $62,000 to $63,999 | 27 |
| $64,000 to $65,999 | 21 |
| $66,000 to $67,999 | 22 |
| $68,000 to $69,999 | 15 |
| $70,000 to $71,999 | 11 |
| $72,000 to $73,999 | 8 |
| $74,000 to $75,999 | 8 |
| $76,000 to $77,999 | 3 |
| $78,000 to $79,999 | 5 |
| $80,000 to $81,999 | 1 |
| $82,000 to $83,999 (includes this one) | 2 |
| $84,000 to $85,999 | 0 |
| $86,000 to $87,999 | 1 |
ATO Table 8
Average taxable income ($277,708) is more than 1.5 times median taxable income ($82,873) in this postcode (ATO 2023–24, Table 8). A few very high incomes sit well above the middle of the distribution and pull the average up.
Taxable income by year
Vertical axis: Taxable income ($), ATO 2023–24. Horizontal axis: Tax year.
No years are published between 2003–04 and 2013–14.
- median taxable income
- average taxable income
Show data
| Year | median taxable income | average taxable income |
|---|---|---|
| 2003–04 | $44,089 | $95,416 |
| 2013–14 | $62,499 | $167,407 |
| 2014–15 | $63,627 | $173,808 |
| 2015–16 | $65,175 | $190,777 |
| 2016–17 | $66,473 | $193,904 |
| 2017–18 | $69,333 | $196,816 |
| 2018–19 | $71,574 | $201,926 |
| 2019–20 | $70,009 | $184,939 |
| 2020–21 | $72,115 | $222,967 |
| 2021–22 | $79,919 | $266,020 |
| 2022–23 | $79,456 | $241,511 |
| 2023–24 | $82,873 | $277,708 |
ATO Table 8
| Year | individuals | median taxable income | average taxable income |
|---|---|---|---|
| 2003–04 | 10,390 | $44,089 | $95,416 |
| 2013–14 | 10,254 | $62,499 | $167,407 |
| 2014–15 | 10,198 | $63,627 | $173,808 |
| 2015–16 | 10,063 | $65,175 | $190,777 |
| 2016–17 | 10,044 | $66,473 | $193,904 |
| 2017–18 | 10,219 | $69,333 | $196,816 |
| 2018–19 | 10,054 | $71,574 | $201,926 |
| 2019–20 | 9,970 | $70,009 | $184,939 |
| 2020–21 | 9,700 | $72,115 | $222,967 |
| 2021–22 | 9,540 | $79,919 | $266,020 |
| 2022–23 | 9,857 | $79,456 | $241,511 |
| 2023–24 | 9,933 | $82,873 | $277,708 |
ATO Table 8
32.60%
ten-year growth in median taxable income, ATO 2023–24
from 2013–14 to 2023–24
ATO Table 8
Neighbouring postcodes
Postcodes that share a boundary with 3142, from ABS postal area boundaries (2021).
| Postcode | median taxable income | state rank by median taxable income |
|---|---|---|
| Toorak 3142 | 2 | |
| Armadale 3143 | 4 | |
| Malvern 3144 | 6 | |
| Richmond 3121 | 8 | |
| Prahran 3181 | 21 | |
| South Yarra 3141 | 23 | |
| Hawthorn 3122 | 31 |
ATO Table 8; boundaries from the ABS
Where it sits in Stonnington
Toorak 3142 ranks 1 of 7 postcodes in the Stonnington local government area by median taxable income (ATO 2023–24, Table 8).
A postcode is listed under every LGA that holds at least 25% of it, so one that crosses a council boundary appears in more than one list.
| Postcode | rank in the LGA by median taxable income | median taxable income |
|---|---|---|
| Toorak 3142 | 1 | |
| Armadale 3143 | 2 | |
| Malvern 3144 | 3 | |
| Glen Iris 314637% of this postcode is in the LGA | 4 | |
| Prahran 318197% of this postcode is in the LGA | 5 | |
| South Yarra 314184% of this postcode is in the LGA | 6 | |
| Malvern East 314595% of this postcode is in the LGA | 7 |
ATO Table 8; LGA from the ABS postcode to LGA correspondence (2025)
Ranked next to it in VIC
Five postcodes above and five below in the same state, or fewer at either end of the ranking.
| Postcode | state rank by median taxable income | median taxable income |
|---|---|---|
| Puckapunyal 3662 | 1 | $86,568 |
| Albert Park 3206 | 3 | $82,515 |
| Armadale 3143 | 4 | $81,445 |
| Port Melbourne 3207 | 5 | $79,599 |
| Malvern 3144 | 6 | $79,322 |
| East Melbourne 3002 | 7 | $79,301 |
ATO Table 8