Canada Bay · Council (LGA)

Economy & Advantage in Canada Bay

How well-off the area is, how fast its population is growing, and the businesses and new homes here.

A population increase of 3.7% since 2021 marks the recent growth of Canada Bay. This is an exceptionally prosperous area where residents have some of the highest levels of education and financial resources in the country. It stands out as a major hub of both high-income households and business activity.

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📍 Canada Bay, Council (LGA)

Where Canada Bay sits — Socio-economic advantage (IRSAD decile)

10
1 2 3 4 5 6 7 8 9 10

All council (lga) areas, 2021. The marker is Canada Bay — higher than 99% of areas.

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area is among the most advantaged in Australia, scoring a perfect 10 for overall advantage. This is driven by a workforce with top-tier education and job skills, and a level of financial resource that is higher than about 90% of similar areas.

10

Higher than 99% of council (lga) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the 10% most advantaged. IRSAD summarises both advantage and disadvantage, so a high score reflects relatively many high-income, well-educated households and few low-income, low-skill ones.

10

Higher than 99% of council (lga) areas.

ABS Index of Relative Socio-economic Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the least disadvantaged. IRSD focuses on disadvantage alone (low income, low education, unemployment, unskilled occupations), so a higher decile means relatively less disadvantage.

9

Higher than 86% of council (lga) areas.

ABS Index of Economic Resources, 2021, as a national decile: 1 = among the 10% lowest areas for economic resources in Australia, 10 = among the highest. IER reflects the income, housing costs, dwelling size and assets of households, so a higher decile means relatively greater economic resources.

10

Higher than 99% of council (lga) areas.

ABS Index of Education and Occupation, 2021, as a national decile: 1 = among the 10% lowest areas for education and occupation in Australia, 10 = among the highest. IEO reflects residents' qualifications and the skill level of their jobs, so a higher decile means a more highly educated and skilled workforce.

1,116

Higher than 96% of council (lga) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a raw index score (standardised so the Australian average is about 1000). Higher scores indicate relatively greater advantage; lower scores greater disadvantage.

Population growth

Annual population estimates and change since the census.

Canada Bay has grown to a population of 93,006, which is larger than about 83% of similar areas. This 3.7% increase since 2021 is around the middle for its level, though it is a little below the New South Wales figure of 6.1%.

Business & building

Operating businesses and dwellings approved.

Business activity is strong with 12,149 enterprises, a figure larger than about 87% of similar areas. This commercial strength is matched by a surge in construction, with 1,167 approved dwellings among the largest at this level.

12,149

Higher than 86% of council (lga) areas.

Operating businesses (ABS Counts of Australian Businesses), June 2025.

Sources

  • Socio-Economic Indexes for Areas (SEIFA) — Australian Bureau of Statistics, 2021 (CC BY 4.0).
  • Regional Population (Estimated Resident Population) — Australian Bureau of Statistics, 2024 (CC BY 4.0).
  • Counts of Australian Businesses & Building Approvals — Australian Bureau of Statistics, 2025 (CC BY 4.0).

More for Canada Bay

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Canada Bay [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/lga/LGA11520/canada-bay/topic/economy-advantage