5042, SA · Postcode

Economy & Advantage in 5042, SA

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

More than 70% of similar areas have a lower overall advantage score than postcode 5042. This area is generally better off than most of the country, though its strength comes primarily from a highly skilled and educated workforce.

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📍 5042, SA, Postcode

Where 5042, SA sits — Socio-economic advantage (IRSAD decile)

7
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All postcode areas, 2021. The marker is 5042, SA — higher than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
5042, SA7
Mitcham 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area ranks highly for education and job skills, scoring 8 out of 10. However, this contrast with a much lower score of 3 for access to money and resources.

7

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.

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.

3

Lower 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.

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.

997

Higher than 59% 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 5042, SA

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 5042, SA [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA5042/5042-sa/topic/economy-advantage