Frankston · Council (LGA)

Economy & Advantage in Frankston

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

A typical advantage score of 982 puts Frankston in a strong position, as it is more advantaged than about 71% of similar areas. The area stands out for its high levels of education and job skills, which helps support a large and active local economy.

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📍 Frankston, Council (LGA)

Where Frankston sits — Socio-economic advantage (IRSAD decile)

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All council (lga) areas, 2021. The marker is Frankston — higher than 71% of areas.

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Overall advantage in Frankston is higher than about 80% of similar areas, with a score of 8 out of 10. This is supported by a strong rating for education and job skills, which is also higher than 80% of comparable places.

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Higher than 71% 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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Higher than 64% 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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Higher 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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Higher than 71% 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.

982

Higher than 71% 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.

The population has grown to 145,369 people, making it larger than about 89% of similar areas. However, the recent growth rate of 3.2% is well below the Victorian figure of 8.0%.

Business & building

Operating businesses and dwellings approved.

Frankston is a major hub with 11,516 businesses, which is more than about 87% of similar areas. This activity is mirrored in the building sector, where the 334 approved dwellings are more than about 78% of similar places.

11,516

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 Frankston

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Frankston [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/lga/LGA22170/frankston/topic/economy-advantage