3647, VIC · Postcode

Economy & Advantage in 3647, VIC

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

High levels of wealth and education make daily life in postcode 3647 very comfortable for most residents. It is one of the most advantaged areas in the region, with an overall advantage score of 1,051, which is higher than about 80% of similar places.

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📍 3647, VIC, Postcode

Where 3647, VIC sits — Socio-economic advantage (IRSAD decile)

9
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All postcode areas, 2021. The marker is 3647, VIC — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3647, VIC9
Greater Shepparton 4

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here are very well-off, scoring a 9 out of 10 for overall advantage compared to all areas. This is driven by high levels of education and job skills, which rank higher than about 90% of similar locations.

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.

9

Higher 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.

8

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.

9

Higher 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.

1,051

Higher than 79% 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 3647, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3647, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3647/3647-vic/topic/economy-advantage