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Financial circumstances in Toowoomba in 2023

The section reports on your residents’ current and future personal financial circumstances, their ability to meet commitments and how they feel about the future economic prospects of their local area. It gives you the capability to explore how your residents’ views regarding their health compare beyond, across and within your LGA.

Toowoomba Current Financial Circumstances
Toowoomba 2022
6.2
Australia: 2023
6.1
Queensland: 2023
5.9
Regional Australia: 2023
6.1
South East Queensland: 2023
5.8
Collected July 2023

Toowoomba residents rated their current Personal Financial Circumstances an average of 5.8 out of 10, consistent with South East Queensland: 2023 (5.8) and lower than Australia: 2023 (6.1), Queensland: 2023 (5.9), and Regional Australia: 2023 (6.1).

Residents rated their current personal financial circumstances an average of 5.8 out of 10. When asked about the future, 19% forecast that their personal financial circumstances will get better in 12 months and 30% believe they will get worse.
How would you rate your personal financial circumstances?
Do you think your personal financial circumstance will get worse, stay the same or get better over the next year?
Toowoomba 2023 (n = 632)
5.8
Very poor
Excellent
June 2022 (n = 535)
6.2
Very poor
Excellent
Significantly higher
Significantly lower
Toowoomba 2023 (n = 632)
30%
50%
19%
Get worse
Stay the same
Get better
June 2022 (n = 535)
21%
58%
21%
Get worse
Stay the same
Get better
Significantly higher
Significantly lower
How often, if ever, are you late meeting your financial commitments?
Do you think the economic situation in your local area will get worse, stay the same or get better over the next year?
Toowoomba 2023 (n = 590)
June 2022 (n = 500)
Always late
1%
1%
Often late
6%
5%
Sometimes late
24%
27%
Never late
68%
67%
Significantly higher
Significantly lower
Toowoomba 2023 (n = 632)
53%
39%
8%
Get worse
Stay the same
Get better
June 2022 (n = 535)
34%
51%
15%
Get worse
Stay the same
Get better
Significantly higher
Significantly lower