2194, NSW · Postcode

Economy & Advantage in 2194, NSW

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

Daily life in postcode 2194 is marked by a stark gap between high job skills and very low financial security. While many residents are well-qualified, the area faces significant hardship, with an overall advantage score of 954 that is lower than the national average.

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📍 2194, NSW, Postcode

Where 2194, NSW sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 2194, NSW — lower than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
2194, NSW4
Canterbury-Bankstown 7

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents generally have strong education and job skills, scoring a 7 out of 10. However, this doesn't translate to wealth, as access to money and resources is very low at 1 out of 10, leaving the area more disadvantaged than about 90% of other regions.

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Lower than 64% of postcode 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 postcode 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.

1

Lower than 99% of postcode 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.

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Higher than 64% of postcode 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.

954

Lower than 63% of postcode 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.

Sources

  • Socio-Economic Indexes for Areas (SEIFA) — Australian Bureau of Statistics, 2021 (CC BY 4.0).

More for 2194, NSW

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 2194, NSW [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA2194/2194-nsw/topic/economy-advantage