3387, VIC · Postcode

Economy & Advantage in 3387, VIC

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

An overall advantage score of 1,002 marks postcode 3387 as more prosperous than about 63% of similar areas. This region generally enjoys a high level of wealth and skill, placing it well above the national average.

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📍 3387, VIC, Postcode

Where 3387, VIC sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 3387, VIC — higher than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3387, VIC7
Northern Grampians 3

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have strong access to money and job skills, with both scoring 8 out of 10. This puts the area in a better position than about 80% of similar places across the country.

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Higher 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.

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Higher 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.

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Higher 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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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.

1,002

Higher than 62% 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 3387, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3387, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3387/3387-vic/topic/economy-advantage