![\"How](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/11\/1373b7c3398a8944dac7946344b7035a7e9e9d53.jpeg\")
<\/p>\nThese areas have therefore felt the cost-of-living crisis more than the rest of the city, with bills and payments eating more of their smaller incomes.<\/p>\n
KPMG urban economist Terry Rawnsley said the data offers a new way to look at the city: not divided by geography but by financial capacity.<\/p>\n
<\/p>\n
How the other quarter lives: Mosman residents tend not to struggle to cover unexpected spending. Credit: Sam Mooy<\/p>\n
\u201cIt\u2019s less about clear lines on a map, and more about where those high-income, middle-income and low-income people are living,\u201d he said.<\/p>\n
Rawnsley also said much of the data indicates the wealth and prosperity of many areas is \u201ctied up in the Sydney housing market\u201d, with housing the largest contributor to financial duress.<\/p>\n
Loading<\/p>\n
The largest discrepancies across the city were in housing payments, in both real dollar terms and income percentages. In Mosman and Woollahra, where average incomes exceed $400,000, people spend less than 12 per cent of their income on housing.<\/p>\n
Fairfield (26.7 per cent), Canterbury-Bankstown (23.26 per cent) and Cumberland (21.95 per cent) residents all paid more on average incomes below $105,000.<\/p>\n
Across other necessities, such as food, health and transport, western Sydney residents paid more as a portion of their income. The region spent 8.35 per cent of income on food, 5.38 per cent on health and 9.98 per cent on transport, while the rest of the city averaged 7.88, 5.04 and 9.49 per cent, respectively.<\/p>\n
Residents across the city were saving, on average, 15 per cent of their yearly income, with areas such as Ku-ring-gai, The Hills and Lane Cove saving more than 20 per cent.<\/p>\n
By comparison, Cumberland (3.97 per cent), Fairfield (4.60 per cent) and Canterbury-Bankstown (5.42 per cent) averaged the lowest annual savings in Sydney.<\/p>\n
To Rawnsley, this was a key element for understanding how the cost-of-living crisis had affected communities in western Sydney.<\/p>\n
\u201cIt\u2019s about the financial buffer people have against shocks,\u201d he said. \u201cIf you are only left with around 4 or 5 per cent of your income after all spending, you\u2019re obviously under financial stress. Any unexpected payment could create much more stress.\u201d<\/p>\n
The data is from 2023-24 and includes spending on alcohol, communication, recreation, eating out and other goods and services.<\/p>\n
Neil Perry, chief economist at the Centre for Western Sydney, said the data revealed \u201cbarriers\u201d that residents in western Sydney face and how the \u201cbarriers\u201d restrain the region\u2019s prosperity. An easy way out was to support job creation, he said.<\/p>\n
\u201cTo lift incomes, people require more jobs, really good jobs that are accessible.<\/p>\n
![\"Liverpool](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/11\/8164585c25b715d9c092e1c60d35ed0cdd8590be.jpeg\")
<\/p>\n
Liverpool residents need more jobs close to home. Credit: Wolter Peeters<\/p>\n
\u201cPeople don\u2019t have the same opportunities as the people in the east. They might have the same skills, but they don\u2019t have the same insider connections to get the same kind of jobs as people in the eastern core of the city. So their skills aren\u2019t recognised or aren\u2019t valued as much.\u201d<\/p>\n
Cumberland mayor Ola Hamed said the data had affirmed the experience of her constituents, adding that some have cut back on essentials.<\/p>\n
Loading<\/p>\n
\u201cCost-of-living pressures are having a devastating impact across our area, with residents cutting back on meals and avoiding going to doctors for treatment.<\/p>\n
\u201cCouncil remains committed to working with all levels of government, and I invite the prime minister, the NSW premier and all of their relevant ministers and MPs to come out to Cumberland to see the lived reality in our area.\u201d<\/p>\n