Prospect · Council (LGA)

Economy & Advantage in Prospect

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

A score of 9 for overall advantage makes Prospect one of the most prosperous areas in the region. Residents here have an exceptionally high level of education and job skills, which places the area in the top 10% of all similar places nationwide.

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📍 Prospect, Council (LGA)

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

9
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All council (lga) areas, 2021. The marker is Prospect — higher than 86% of areas.

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area ranks among the highest for education and job skills, which helps explain why its overall advantage score of 1,058 is larger than about 89% of other areas.

9

Higher 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.

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.

7

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.

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.

1,058

Higher than 88% 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 by 4.3% since 2021. This is around the middle for similar areas, though it is a little below the South Australian figure of 5.6%.

Business & building

Operating businesses and dwellings approved.

Prospect is home to 2,326 businesses, which is more than about 62% of similar areas. There is also strong activity in building, with 286 approved dwellings.

2,326

Higher than 60% 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 Prospect

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Prospect [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/lga/LGA46510/prospect/topic/economy-advantage