Is a net worth of A$1 million rich in Australia?
Yes, it is well above the typical adult. A net worth of A$1 million puts you ahead of about 80% of adults in Australia — roughly 16.5 million people have less.
Source: WealthPercentile model for adults aged 20+ in Australia (World Inequality Database 2026 update).
How A$1 million compares in Australia
Thresholds for net worth, per adult. The last column shows A$1 million relative to each level.
| Group | Starts at | A$1 million is |
|---|---|---|
| Median adult | A$307,000 | 3.3× this level |
| Top 25% | A$806,000 | 1.2× this level |
| Top 10% | A$1.78 million | 56% of this level |
| Top 5% | A$2.65 million | 38% of this level |
| Top 1% | A$7.01 million | 14% of this level |
What A$1 million means in Australia
About one adult in 5 in Australia has more than A$1 million. In this range, financial assets start to matter alongside housing.
On the broad model measure, the 20% of adults in Australia with more than A$1 million hold 74% of all net worth.
The average (mean) net worth per adult in Australia is about A$799,000 on the model measure, so A$1 million is 125% of the average — the largest amounts pull the mean well above the median.
The next step up is the top-10% line at A$1.78 million: that is about A$781,000 (78%) more than A$1 million.
A$1 million by global standards
Compared with all 5.5 billion adults in the world, A$1 million is in the top 2.6%. The world median net worth is about A$15,500, and the global top 1% starts near A$1.88 million. Living costs differ a lot between countries, so a global rank says more about purchasing power abroad than about comfort at home.
The same A$1 million in other countries
Ranks within each country, converted at ECB exchange rates. Countries with official person-level statistics use those; the rest use the model.
| Country | Rank | Basis |
|---|---|---|
| India | top 0.09% | model |
| South Africa | top 0.5% | model |
| Brazil | top 0.7% | model |
| China | top 2.3% | model |
| Japan | top 5.8% | model |
| Norway | top 6.6% | Statistics Norway |
| France | top 8.4% | model |
| Canada | top 9.6% | model |
| United Kingdom | top 11% | model |
| Germany | top 13% | model |
| Sweden | top 16% | model |
| United States | top 18% | model |
| Switzerland | top 28% | model |
Other amounts in Australia
- A$1 million — top 20%
Frequently asked questions
What percentile is A$1 million net worth in Australia?
A$1 million is in the top 20% of adults in Australia: about 80% have less.
What net worth puts you in the top 1% in Australia?
About A$7.01 million per adult.
How is this calculated?
WealthPercentile model for adults aged 20+ in Australia (World Inequality Database 2026 update). Amounts are per adult; couples’ wealth is split equally. Exchange rates are ECB reference rates of 2026-10-09.
Read more
- What it takes to join the global top 1% in 2026
- Average versus median wealth — where the gap is largest
- Why the same salary ranks differently depending on who measures it
Estimates for education and curiosity, not financial advice. Read the methodology.