Wakefield · Council (LGA)

Economy & Advantage in Wakefield

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

A typical advantage score of 897 puts Wakefield well below the national average, reflecting a community with fewer resources. This area faces significant challenges with education and job skills, which places it behind the vast majority of other regions across the country.

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📍 Wakefield, Council (LGA)

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

2
1 2 3 4 5 6 7 8 9 10

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

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Overall advantage is low, with a score of 2 out of 10. This reflects a similar trend in education and job skills, which are also rated at 2, leaving the area smaller than about 80% of similar places.

2

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.

2

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.

3

Lower 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.

2

Lower than 86% 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.

897

Lower than 85% 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 has been slow at 1.0% since 2021. This is much lower than most areas and sits well below the South Australian figure of 5.6%.

Business & building

Operating businesses and dwellings approved.

There are 716 businesses operating in the area. Construction activity is also modest, with only 20 new dwellings approved, a figure smaller than about 64% of similar areas.

716

Lower than 64% 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 Wakefield

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Wakefield [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/lga/LGA48130/wakefield/topic/economy-advantage