This report investigates the impact of income on individual happiness, focusing on an Australian context. The study employs both primary and secondary data, including a survey of 20 individuals, to analyze the correlation between income levels and happiness. The methodology includes descriptive statistics and regression analysis to assess the relationship. Key findings reveal that a majority of respondents reported being happy with their income. The analysis also acknowledges that factors beyond income, such as stress and work-life balance, significantly influence happiness levels. The report provides detailed data summaries, statistical evaluations, and interpretations, culminating in a conclusion that emphasizes the complex interplay between income and overall well-being, supported by existing research. The report includes an executive summary, introduction, methods of data collection, data set summaries, descriptive statistics, regression analysis, conclusion, recommendations, and references.