3946, VIC · Postcode

Economy & Advantage in 3946, 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 3946 more comfortable than for most Australians. This area is significantly more advantaged than the national average, scoring 1,016 on the overall advantage scale.

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📍 3946, VIC, Postcode

Where 3946, VIC sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 3946, VIC — higher than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3946, VIC7
South Gippsland 7

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents have excellent access to money and resources, outperforming about 90% of similar areas. This strong financial position is matched by high job skills and education, which are better than about 80% of other 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.

8

Higher than 71% 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.

9

Higher 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.

8

Higher than 71% 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.

1,016

Higher than 68% 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 3946, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3946, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3946/3946-vic/topic/economy-advantage