2401, NSW · Postcode

Economy & Advantage in 2401, NSW

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

Financial security has improved significantly in postcode 2401 since 2011. Residents now have much better access to money and resources than they did a decade ago, placing them ahead of about 90% of similar areas. While overall advantage is now about average for Australia, the area's wealth is its most striking feature.

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📍 2401, NSW, Postcode

Where 2401, NSW sits — Socio-economic advantage (IRSAD decile)

5
1 2 3 4 5 6 7 8 9 10

All postcode areas, 2021. The marker is 2401, NSW — lower than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
2401, NSW5
Gwydir 4

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

People here have very high access to money and resources, scoring 9 out of 10. This stands in contrast to their education and job skills, which are more modest at 6, and an overall advantage score of 968 that is slightly below the national average.

5

Lower than 57% 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.

4

Lower than 64% 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.

9

Higher than 86% 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.

6

Higher than 57% 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.

968

Lower than 56% 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 2401, NSW

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 2401, NSW [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA2401/2401-nsw/topic/economy-advantage