# Economy & Advantage — Mitcham

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

Area: Mitcham (Council (LGA))

A steady 4.6% population increase marks the recent growth of Mitcham, an area where residents enjoy an exceptional level of wealth and education. It ranks among the most advantaged places in the country, with an overall advantage score of 1,073, which is well above the national average.

Mitcham reaches the highest possible level of advantage for education, job skills, and access to money. This puts it among the most advantaged areas in Australia, with very little disadvantage compared to other regions.

The population has grown by 4.6% since 2021, a rate that is higher than most similar areas and about the same as the South Australian figure of 5.6%.

With 5,547 businesses, this area is larger than about 77% of similar places. There is also ongoing development, with 214 approved dwellings, a figure larger than about 72% of other areas.

## Statistics

| Statistic | Value | Change since |
| --- | --- | --- |
| Socio-economic advantage (IRSAD decile) | 10 | — |
| Socio-economic disadvantage (IRSD decile) | 10 | — |
| Economic resources (IER decile) | 10 | — |
| Education & occupation (IEO decile) | 10 | — |
| Socio-economic advantage (IRSAD score) | 1,073 | — |
| Population estimate | 71,267 | — |
| Population growth since 2021 | 4.6% | — |
| Businesses | 5,547 | — |
| Dwellings approved | 214 | — |

Interactive: https://censusatlas.au/region/lga/LGA44340/mitcham/topic/economy-advantage