Richmond Valley · Council (LGA)

Economy & Advantage in Richmond Valley

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

A low overall advantage score of 892 marks Richmond Valley as an area facing significant socio-economic challenges. The region struggles with limited access to money and resources, making it less advantaged than the vast majority of Australian areas.

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📍 Richmond Valley, Council (LGA)

Where Richmond Valley sits — Socio-economic advantage (IRSAD decile)

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All council (lga) areas, 2021. The marker is Richmond Valley — lower than 86% of areas.

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area ranks very low for education and job skills, scoring just 1 out of 10. This contributes to an overall advantage score that is smaller than about 86% of other areas.

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Lower than 86% 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.

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Lower than 86% 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.

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Lower than 64% 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.

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Lower 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.

892

Lower than 86% 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.

Population growth since 2021 has been 1.9%, which is lower than most areas and well below the New South Wales figure of 6.1%.

Business & building

Operating businesses and dwellings approved.

There are 1,945 businesses in the region, a count that is larger than about 58% of similar areas. Recent building activity is also steady, with 61 dwellings approved.

1,945

Higher than 58% 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 Richmond Valley

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Richmond Valley [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/lga/LGA16610/richmond-valley/topic/economy-advantage