George Town · Council (LGA)

Economy & Advantage in George Town

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

A score of 846 for overall advantage places George Town among the smallest in the country for access to money and resources. This is an area where many residents face significant challenges, particularly with lower levels of education and job skills compared to most other regions.

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📍 George Town, Council (LGA)

Where George Town sits — Socio-economic advantage (IRSAD decile)

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

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area ranks very low for overall advantage, scoring a 1 out of 10. This is consistent with very low ratings for both education and job skills, which are smaller than about 90% of similar 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.

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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.

1

Lower 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.

846

Lower than 89% 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 3.0% since 2021, which is a little above the Tasmanian figure of 1.6%. There are now 7,420 people living in the area.

Business & building

Operating businesses and dwellings approved.

There are 371 businesses operating here, which is smaller than about 73% of similar areas. However, 59 new dwellings were approved, a figure larger than about 54% of other areas at this level.

371

Lower than 73% 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 George Town

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in George Town [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/lga/LGA62210/george-town/topic/economy-advantage