Richmond · Council (LGA)

Economy & Advantage in Richmond

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

Better than average access to money and resources defines daily life for many in Richmond. The area holds a strong overall advantage score of 975, which is higher than about 67% of other similar areas across the country.

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📍 Richmond, Council (LGA)

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

7
1 2 3 4 5 6 7 8 9 10

All council (lga) areas, 2021. The marker is Richmond — higher than 64% of areas.

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents generally have a high level of advantage, scoring an 8 for access to money and resources. This contrasts with education and job skills, where a score of 4 is lower than about 60% of similar areas.

7

Higher than 64% 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.

8

Higher than 71% 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.

8

Higher than 71% 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.

4

Lower than 64% 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.

975

Higher than 66% 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 is small at 788 people and is growing slowly. Recent growth of 2.5% is well below the Queensland figure of 8.7%.

Business & building

Operating businesses and dwellings approved.

Local commerce is limited with 233 businesses, a figure smaller than about 78% of similar areas. Only one new dwelling was approved, which is much lower than most other areas.

233

Lower than 81% 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

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Richmond [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/lga/LGA36300/richmond/topic/economy-advantage