3941, VIC · Postcode

Economy & Advantage in 3941, 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 987 shows that postcode 3941 remains a moderately prosperous area. Residents generally have better access to resources and higher levels of education than half of the similar areas across the country.

Open map →
📍 3941, VIC, Postcode

Where 3941, VIC sits — Socio-economic advantage (IRSAD decile)

6
1 2 3 4 5 6 7 8 9 10

All postcode areas, 2021. The marker is 3941, VIC — higher than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3941, VIC6
Mornington Peninsula 9

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Education and job skills are a particular strength here, scoring a 7, which is higher than about 70% of similar areas. This helps support a general advantage score that sits just below the national average.

6

Higher than 57% 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.

6

Higher 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.

6

Higher than 57% 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.

7

Higher 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.

987

Higher than 54% 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 3941, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3941, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3941/3941-vic/topic/economy-advantage