2508, NSW · Postcode

Economy & Advantage in 2508, NSW

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

High levels of wealth and opportunity have remained a defining feature of postcode 2508 over the last decade. The area is now significantly more advantaged than most other parts of the country. This is seen in the typical resident's strong access to money and high-level job skills.

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📍 2508, NSW, Postcode

Where 2508, NSW sits — Socio-economic advantage (IRSAD decile)

9
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All postcode areas, 2021. The marker is 2508, NSW — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
2508, NSW9
Wollongong 8

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The overall advantage score of 1,085 is larger than about 89% of similar areas. This high standing is driven by a top score for access to money and resources, alongside education and job skills that are higher than about 80% of other areas.

9

Higher than 86% 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.

10

Higher 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.

10

Higher 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.

8

Higher 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.

1,085

Higher than 88% 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 2508, NSW

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 2508, NSW [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA2508/2508-nsw/topic/economy-advantage