5041, SA · Postcode

Economy & Advantage in 5041, SA

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

A high overall advantage score of 9 puts postcode 5041 among the most prosperous areas in the country. Residents here generally have a very strong lead in education, job skills, and access to resources compared to most other regions.

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📍 5041, SA, Postcode

Where 5041, SA sits — Socio-economic advantage (IRSAD decile)

9
1 2 3 4 5 6 7 8 9 10

All postcode areas, 2021. The marker is 5041, SA — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
5041, SA9
Mitcham 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area ranks higher than about 90% of similar places for both overall advantage and education and job skills. This is reflected in an overall advantage score of 1,070, which is larger than about 85% of areas nationwide.

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.

1,070

Higher than 85% 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 5041, SA

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 5041, SA [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA5041/5041-sa/topic/economy-advantage