Raymond Terrace · Statistical Area 2 (SA2)

Economy & Advantage in Raymond Terrace

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

A typical resident in Raymond Terrace has much less access to money and resources than people in most other areas. This gap is seen across the board, with an overall advantage score of 872, which is among the smallest in the country. Despite these challenges, the area continues to grow and supports nearly 1,000 local businesses.

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📍 Raymond Terrace, Statistical Area 2 (SA2)

Where Raymond Terrace sits — Socio-economic advantage (IRSAD decile)

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All statistical area 2 (sa2) areas, 2021. The marker is Raymond Terrace — lower than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Raymond Terrace1
2324, NSW 2

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area faces significant disadvantage, ranking in the lowest 10% of all regions for overall advantage, education and job skills. This lack of resources is a common theme, as the local score for access to money and resources is also smaller than about 80% of similar areas.

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Lower than 99% of statistical area 2 (sa2) 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.

1

Lower than 99% of statistical area 2 (sa2) 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.

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Lower than 86% of statistical area 2 (sa2) 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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Lower than 99% of statistical area 2 (sa2) 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.

872

Lower than 92% of statistical area 2 (sa2) 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.

Population growth

Annual population estimates and change since the census.

The population has grown to 15,345 people, making it larger than about 73% of areas at this level. Since 2021, the population rose by 4.5%, which is a little below the New South Wales figure of 6.1%.

Business & building

Operating businesses and dwellings approved.

There are 973 businesses operating in the area, which is more than about 54% of similar regions.

973

Higher than 54% of statistical area 2 (sa2) areas.

Operating businesses (ABS Counts of Australian Businesses), June 2025.

Sources

  • Socio-Economic Indexes for Areas (SEIFA) — Australian Bureau of Statistics, 2021 (CC BY 4.0).
  • Regional Population (Estimated Resident Population) — Australian Bureau of Statistics, 2024 (CC BY 4.0).
  • Counts of Australian Businesses & Building Approvals — Australian Bureau of Statistics, 2025 (CC BY 4.0).

More for Raymond Terrace

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Raymond Terrace [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/106031122/raymond-terrace/topic/economy-advantage