What do you need to earn an hour to be considered above average and have jobs that pay a six-figure salary? – Henry Club

Australians need to earn more than $42.50 an hour or $77,350 per year to be considered above average and most likely need a degree at a six-figure salary.

New Australian Bureau of Statistics data released on Wednesday showed how much employees are typically earning before tax.

Managers, professionals and men generally made more based on higher hourly rates of pay and more rostered hours.

Australians need to earn more than $42.50 or $77,350 per year to be considered above average and most likely require a degree at a six-figure salary (pictured is shoppers at Melbourne’s Bourke Street Mall)

With the government classifying full-time work as 35 hours a week or more, a person earning an average hourly wage of $42.50 is typically earning $77,350 per year – or $1,487.50 per week.

Managers had the highest salaries, their hourly wages being $65.10 per week at $2,278.50 or $118,482 per year.

Professionals earned $57.90 an hour, $2,026.50 per week, or $105,378 a year.

At the bottom of the pay scale, sales representatives had an average hourly wage of $30.50, or $1,067.50 per week, with a minimum wage of $55,510.

Workers earned $31 per hour, or $1,085 per week, slightly higher at $56,420.

Men with a typical hourly wage of $44.50 earned an average of $80,990 per year working full time.

Women, at $40.20 an hour, earn $1,407 a week, or $73,164 a year if they’re also on a full-time roster.

ABS’s head of labor statistics, Bjorn Jarvis, said the hours worked explained the real large disparity in pay between the two sexes in data taken from May 2021.

“While comparing hourly earnings is useful in understanding the gender pay gap, beyond weekly income measures, men are more likely than women to work full-time,” he said.

Women who have fewer working hours, such as caring for their children, typically earned $1,394 per week, or $72,488 per year, compared to $1,625 per week, or $84,500 per year for men.

Women-led occupations also had lower wages than semi-skilled sectors, where men were outnumbered.

Clerical and administrative workers earned an average of $36.90 per hour if they worked the minimum number of shifts to be classified as full-time, $1,291.50 per week, or $67,158 per year.

Community and personal care workers, another job performed primarily by women, had an average hourly wage of $35.40, $1,239 per week and $64,428 on an annual basis.

By comparison, male-dominated machinery operators and driver category workers typically earned $37.40 per hour, or $1,309 per week, and $68,068 per year.

Technicians and trade workers earn an average of $71,890 per hour, or $1,382.50 per week.

Australia is still a labor market, with National Skills Commission data showing Internet job ads in December, out of 245,602 available positions, were up 37.4 percent in 2020 compared to the same month.

ABS’s national payroll data for the week ended December 18 also showed a 9 percent increase in wages, as labor shortages made life difficult for employers.

Since the start of the pandemic in March 2020, wages have increased by 14 per cent.