7020, TAS · Postcode

Economy & Advantage in 7020, TAS

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

Perfect scores for access to money and resources mark postcode 7020 as an area of significant wealth. Residents here enjoy a very high level of overall advantage, with most people possessing strong education and job skills. This puts the area in a much stronger position than the vast majority of other Australian regions.

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📍 7020, TAS, Postcode

Where 7020, TAS sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 7020, TAS — higher than 71% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
7020, TAS8
Clarence 8

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area reaches the highest possible level for access to money and resources. This aligns with its overall advantage score of 1,043, which is higher than about 78% of similar areas and reflects a very low level of disadvantage.

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Higher than 71% 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.

10

Higher than 99% 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.

10

Higher than 99% 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.

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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.

1,043

Higher than 77% 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 7020, TAS

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 7020, TAS [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA7020/7020-tas/topic/economy-advantage