3043, VIC · Postcode

Economy & Advantage in 3043, VIC

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

A score of 971 puts postcode 3043 slightly below the national average for overall advantage. Most residents here have a middle-of-the-road level of wealth and education compared to the rest of the country.

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📍 3043, VIC, Postcode

Where 3043, VIC sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 3043, VIC — lower than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3043, VIC5
Hume 5

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area sits right in the middle of the pack, with scores for education, job skills, and access to money all landing at 5 out of 10. This reflects a typical level of advantage that is larger than about 50% of similar areas.

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.

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.

5

Lower 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.

971

Lower than 54% 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 3043, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3043, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3043/3043-vic/topic/economy-advantage