Condition
Rents vs wages
Have rents risen faster than wages?
Rents vs wages: +24.0% since Jun qtr 2022.
- Latest
- +24.0%
- Since the government took office
- Higher+24.0%
- Over the past year
- Higher+3.5%
Rents vs wages
- June qtr 2022 = 100
- Rents (CPI), June qtr 2022 = 100
- Wages (WPI), June qtr 2022 = 100
What this is
Rents from the Consumer Price Index and pay from the Wage Price Index, both set to 100 in the June quarter 2022, so you can see which has risen faster since.
Why it matters
Rent is the biggest regular cost for about a third of households. When rents rise faster than pay, renters have less left for everything else.
More from the figures
- Rents in the CPI rose 24.0% from the June quarter 2022 to the June quarter 2026, while the Wage Price Index rose 15.1%.
- Over the past year rents rose 3.5% and wages 3.2%.
- The CPI rent measure covers all existing leases, including public housing. New leases have risen faster: see the household figures on the home page.
How it’s calculated
ABS CPI rents index and Wage Price Index, both rebased to June quarter 2022 = 100.