3624, VIC · Postcode

Economy & Advantage in 3624, VIC

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

Few areas in the region compare to postcode 3624 for its high levels of disadvantage. With an overall advantage score of 902, the area ranks lower than about 87% of similar places across the country. This suggests a community facing significant challenges across most measures of wealth and opportunity.

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📍 3624, VIC, Postcode

Where 3624, VIC sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 3624, VIC — lower than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3624, VIC2
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Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area is smaller than about 80% of similar places in terms of overall advantage, education, and access to resources. This lack of advantage is mirrored in its disadvantage score, which also ranks lower than about 80% of other areas.

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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.

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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.

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Lower than 86% 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.

902

Lower than 86% 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 3624, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3624, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3624/3624-vic/topic/economy-advantage