Cost of Living Trends in Australia

Areej Bahar
s4102115

Objective

  • Analyze long-term trends in Australia’s cost of living
  • Understand CPI and earnings changes across capital cities
  • Identify inflationary phases and wage stagnation patterns
  • Use interactive visuals to uncover city-wise disparities

Median Weekly Earnings

Interpretation:
Median earnings have steadily increased across all major cities since the 1990s.
- Canberra and Sydney lead in earnings, followed by Darwin and Melbourne.
- The gap between top- and lower-earning cities has widened over the past decade.
- Hobart and Adelaide remain on the lower end, reflecting persistent regional disparities.

Earnings vs. CPI Dropdown

Purpose:
This interactive plot compares how earnings have kept pace with inflation (CPI), city by city. Scaling CPI helps visually align the two metrics to assess if wages grew proportionately with living costs.

Observation:
In cities like Sydney, earnings have generally outpaced CPI — indicating a net improvement in real income. Other cities may show tighter tracking between earnings and CPI, highlighting different cost-of-living pressures and wage dynamics.

Heatmap: Relative Earnings

Interpretation:
Earnings have consistently increased across all cities — but the growth pace varies.
Cities like Canberra, Perth, and Melbourne show the brightest yellow in recent years, indicating the highest average earnings, while Adelaide and Hobart remain comparatively lower throughout the timeline.

Food Prices: Which City Saw the Sharpest Rise?

Interpretation:
Over the last 40+ years, food prices in Australian cities have surged by 375% to 452%.
- Melbourne, Brisbane, and Sydney show the highest increases.
- Even cities like Darwin saw food prices nearly quadruple.
- This steep rise in essentials explains why many Australians feel their pay isn’t keeping up.

Industry Spotlight: Income vs. Opportunity

Interpretation:
Australia’s job market reveals a clear mismatch between income potential and accessibility.

  • High-paying industries like Mining and Utilities offer strong earnings but limited opportunities.
  • Lower-income sectors like Hospitality, Retail, and Labour dominate the job market.

So what?
Rising wages don’t always equal rising opportunity. For meaningful progress, we need more than earnings growth — we need growth that’s not just high-paying, but also equitable, inclusive, and built to last.

References

Australian Bureau of Statistics. (2024, April 24). Consumer price index, Australia (Catalogue No. 6401.0).
https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release


Australian Bureau of Statistics. (2024, May 23). Average weekly earnings, Australia.
https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia/latest-release