3921, VIC · Postcode

Economy & Advantage in 3921, VIC

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

High levels of education and job skills define postcode 3921, where the area ranks better than about 90% of similar places. This strength in qualifications helps the region maintain an overall advantage score of 998, which is higher than about 61% of similar areas.

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📍 3921, VIC, Postcode

Where 3921, VIC sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 3921, VIC — higher than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3921, VIC7
Unincorporated Vic 9

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

While the area's overall advantage is higher than about 70% of all regions, there is a sharp gap in resources. Residents score very highly for education and skills, yet their access to money and resources is smaller than about 80% of similar areas.

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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.

5

Lower than 57% 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.

2

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.

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.

998

Higher than 60% 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 3921, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3921, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3921/3921-vic/topic/economy-advantage