2424, NSW · Postcode

Economy & Advantage in 2424, NSW

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

Only 10% of areas across the country have a lower overall advantage score than postcode 2424. This region faces significant economic challenges, with a typical score of 888 falling well below the national average. These figures point to a community with limited access to the money and professional skills found in other parts of Australia.

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📍 2424, NSW, Postcode

Where 2424, NSW sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 2424, NSW — lower than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
2424, NSW1
Mid-Coast 3

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Overall advantage is very low here, ranking smaller than about 90% of all areas. This is consistent with low scores for education and job skills, as well as limited access to money and resources.

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Lower than 99% 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.

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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.

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Lower than 71% 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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Lower than 86% 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.

888

Lower than 89% 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 2424, NSW

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 2424, NSW [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA2424/2424-nsw/topic/economy-advantage