Hobart · Council (LGA)

Economy & Advantage in Hobart

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

Among the most advantaged areas in the region, Hobart stands out as a hub of high education and professional skill. It ranks among the top 10% of areas nationwide for overall advantage, with a typical score of 1,062. This high level of overall advantage is driven by an exceptionally skilled workforce.

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📍 Hobart, Council (LGA)

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

10
1 2 3 4 5 6 7 8 9 10

All council (lga) areas, 2021. The marker is Hobart — higher than 99% of areas.

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Hobart is among the most educated and skilled areas in the country, scoring a perfect 10 for job skills. While its access to money and resources is smaller than about 60% of similar areas, it remains very low in terms of disadvantage.

10

Higher 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.

9

Higher 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.

4

Lower 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.

1,062

Higher 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 of 55,859 has seen a slight dip of 0.2% since 2021. This is much lower than most areas and sits a little below the Tasmania growth figure of 1.6%.

Business & building

Operating businesses and dwellings approved.

With 6,940 businesses, Hobart is larger than about 82% of similar areas. There were also 121 new dwellings approved, which is more than about 63% of comparable places.

6,940

Higher than 77% 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 Hobart

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Hobart [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/lga/LGA62810/hobart/topic/economy-advantage