2420, NSW · Postcode

Economy & Advantage in 2420, NSW

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

A score of 4 out of 10 for overall advantage means that people in postcode 2420 generally have fewer resources than most other Australians. Daily life here is marked by lower levels of education and job skills, which places the area in the bottom 60% of similar regions across the country.

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📍 2420, NSW, Postcode

Where 2420, NSW sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 2420, NSW — lower than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
2420, NSW4
Dungog 7

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The typical resident has a lower level of education and job skills than about 70% of similar areas. With an overall advantage score of 944, this area sits below the national average and is less advantaged than about 68% of other regions.

4

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.

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.

5

Lower than 57% 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.

3

Lower than 71% 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.

944

Lower than 68% 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 2420, NSW

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 2420, NSW [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA2420/2420-nsw/topic/economy-advantage