Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • AP’s Tourism Receives Major Boost With ₹12,000 Crore Investments
  • Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter
  • Clacton Arts Centre gallery to celebrate first anniversary
  • Alibaba AI investments start to yield tangible returns for cloud business
  • Tamil Nadu CM Stalin embarks on trip to Germany, UK to attract investments | Latest News India
  • Real Estate for Cryptocurrency in 2025: Where and how to buy
  • MoU inked for investments in decarbonising technologies | Latest News India
  • What Role Does User Education Play In Enhancing Cryptocurrency Cybersecurity?
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Investing in Art»Australian artists only earn $23,200 a year from their art – and are key financial investors in keeping the industry afloat
Investing in Art

Australian artists only earn $23,200 a year from their art – and are key financial investors in keeping the industry afloat

May 6, 20245 Mins Read


Arts companies and individual artists in Australia are supported by government arts agencies, philanthropists, industry bodies, private donors and patrons. However, it is frequently overlooked that a major source of support for the arts in this country comes from artists themselves.

Artists such as writers, actors, visual artists, musicians, dancers and others effectively make a personal financial contribution to supporting cultural activity through their willingness to accept a lower reward for their work than they could earn elsewhere.

Their subsidy to the arts helps to sustain artistic practice and represents a significant personal investment in the future of the cultural life of this country.

The incomes earned by professional artists are perennially low. Our new research, funded by Creative Australia and published today, shows in the 2021–22 financial year, artists’ income from creative work averaged only A$23,200. Even when other sources of income are added – such as from teaching or working outside the arts – the average gross income of Australian artists was still only $54,500 in the year.

Forgone income and volunteer hours

Artists are more highly educated than the workforce at large. Three-quarters hold a university degree, compared with only 36% in the wider labour force, and more than 40% of artists also hold a postgraduate degree, compared with 30% of all Australian professionals.

Given these levels of training, the extent of artists’ forgone income can be estimated by comparing their income with those of professional workers such as lawyers, doctors and accountants who have similar levels of training, qualifications and experience.

Data compiled by the Australian Bureau of Statistics for different occupational groups Australia-wide show in the 2021–22 year, the average income of professional workers was $98,700.

Dancers

The income for Australian artists from creative work averaged only A$23,200.
AAP Image/Bianca De Marchi

Even in comparison with the $73,300 average yearly earnings of all employed people in Australia, artists’ earnings were significantly lower.

Like many other professionals and workers in Australia, artists engage in continuous learning and mastering new techniques and concepts to advance their practice.

Indeed, data from our successive surveys into artists’ economic circumstances reveal artists invest more in their formal education than workers in other occupations.

An artist with a painting.

Australian artists frequently donate their own money and time.
AAP Image/Flavio Brancaleone

Despite the income challenges artists face, they frequently reach into their own pockets to fund their projects. Our data show 78% of artists use personal savings to sustain their practice, underscoring a profound financial commitment that often goes unrecognised.

In addition to these financial investments, professional artists are also often asked to donate their time and expertise to public or corporate events and to community activities.

Our survey data indicate the value of these donations averages $5,600 annually per donating artist.

Moreover, artists engage in volunteering, spending on average about five hours weekly on unpaid work of benefit to the community.

Working outside the arts industry

Few professional artists can work full-time at their creative practice. Most are obliged, by choice or necessity, to take on other work beyond their immediate core creative practice.

A mere 9% of artists in Australia are able to spend all their working time at their creative practice. And even when other arts-related work, such as teaching, is added, only 44% can dedicate all their working time solely to total arts work.

There is a discrepancy between artists’ desired and actual time spent on creative work. Two-thirds of artists would like to devote more time to their creative practice, but economic circumstances prevent them from doing so.

These constraints include insufficient return from creative work, leading to the need to earn an income elsewhere. Again, such additional income generated through jobs unrelated to their art is often invested back into artistic practice.

Black Rock Band perform

Most artists wish they could spend more time on their art work.
AAP Image/Esther Linder

While the incomes of Australian artists have remained relatively stagnant over the years when adjusted for inflation, their average expenses related to their artistic practice have been increasing dramatically. In the 2021–22 financial year, artists spent an average of 73% of their artistic income on expenses related to producing their work.

Of all the events that have affected Australian life and work in recent times, none has been as profound as the COVID pandemic.

Professional artists, whose working conditions were already precarious, were particularly badly hit.

Our results indicate that, by the end of 2022, only one-third of all artists had fully returned to their pre-COVID working hours, with just over half partially returned or in the process of doing so.

It is significant that 16% did not believe they would be able to return to their previous working hours as an artist.

Key investors in the arts

The arts in Australia are supported by a complex ecosystem in which individual professional artists are a central component.

It is important that policy initiatives recognise the role of artists as key investors in supporting the arts ecosystem in this country and the precariousness of their financial situation.

The dedication and commitment of professional artists, often insufficiently acknowledged, is making an essential contribution to the growth and sustainability of Australian arts.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Lidl invests £435m in warehouses to support growth plans | News

August 27, 2025 Investing in Art

Silent fortune: Art’s hidden power in wealth and meaning

August 18, 2025 Investing in Art

How Is Art Selected for New York City’s Airports?

August 12, 2025 Investing in Art

The expensive art market continues to struggle

August 1, 2025 Investing in Art

How fine art is becoming the tax-efficient investment of choice for the wealthy

July 24, 2025 Investing in Art

Canvas, capital: Rising role of art business in world economy

July 14, 2025 Investing in Art
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

AP’s Tourism Receives Major Boost With ₹12,000 Crore Investments

August 30, 2025 Investments 2 Mins Read

VISAKHAPATNAM: Tourism sector in Andhra Pradesh has received investments worth ₹12,000 crore as part of…

Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter

August 30, 2025

Clacton Arts Centre gallery to celebrate first anniversary

August 30, 2025

Alibaba AI investments start to yield tangible returns for cloud business

August 30, 2025
Our Picks

AP’s Tourism Receives Major Boost With ₹12,000 Crore Investments

August 30, 2025

Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter

August 30, 2025

Clacton Arts Centre gallery to celebrate first anniversary

August 30, 2025

Alibaba AI investments start to yield tangible returns for cloud business

August 30, 2025
Our Picks

Eric Trump sees bitcoin hitting $1 million, praises China cryptocurrency role

August 29, 2025

Avalanche (AVAX) holds $24, but experts agree Mutuum Finance (MUTM) is the best Cryptocurrency to buy before 2026

August 29, 2025

Original drawings for National Gallery released including pool plans

August 29, 2025
Latest updates

AP’s Tourism Receives Major Boost With ₹12,000 Crore Investments

August 30, 2025

Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter

August 30, 2025

Clacton Arts Centre gallery to celebrate first anniversary

August 30, 2025
Weekly Updates

National Gallery of Australia’s $14m behemoth artwork unveiled – and it’s a showstopper | National Gallery of Australia

October 24, 2024

Visa and Tangem Unveil Combined Payment Card-Crypto Wallet

July 5, 2024

What does the cryptocurrency market look like under Trump 2.0?

January 21, 2025
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2025 Finance Pro

Type above and press Enter to search. Press Esc to cancel.