3412, VIC · Postcode

Economy & Advantage in 3412, VIC

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

A typical score of 909 for overall advantage shows that postcode 3412 faces more financial and social hurdles than most Australian areas. This means many residents here have less access to the money and education needed to get ahead.

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📍 3412, VIC, Postcode

Where 3412, VIC sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 3412, VIC — lower than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3412, VIC2
West Wimmera 7

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area ranks low for overall advantage, scoring 2 out of 10, which is smaller than about 80% of all areas. This is reflected in limited access to resources and lower job skills, with both scoring below 60% of similar places.

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Lower 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.

2

Lower than 86% 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.

3

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.

4

Lower than 64% 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.

909

Lower than 84% 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 3412, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3412, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3412/3412-vic/topic/economy-advantage