Mount Magnet · Council (LGA)

Economy & Advantage in Mount Magnet

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

A modest 1% population increase since 2021 shows that Mount Magnet has seen very little growth lately. The area faces significant challenges, with an overall advantage score of 858 that is among the lowest in the country.

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📍 Mount Magnet, Council (LGA)

Where Mount Magnet sits — Socio-economic advantage (IRSAD decile)

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All council (lga) areas, 2021. The marker is Mount Magnet — lower than 99% of areas.

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have very limited access to money, resources, and job skills, with a typical advantage score of 1, which is smaller than about 90% of all areas.

1

Lower than 99% 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.

1

Lower 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.

2

Lower than 86% 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.

858

Lower 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 just 1% since 2021, a figure that is well below the Western Australian growth rate of 10.7%.

Business & building

Operating businesses and dwellings approved.

There are 42 businesses in the area, but no new dwellings were approved, a result smaller than about 90% of similar areas.

42

Lower than 96% 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 Mount Magnet

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Mount Magnet [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/lga/LGA55810/mount-magnet/topic/economy-advantage