Lara · Statistical Area 2 (SA2)

Economy & Advantage in Lara

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

Over 1,600 businesses operate in Lara, making it one of the most active commercial hubs among similar areas. This growth is mirrored in the population, which has surged by 14.8% since the last census, well above the state average.

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📍 Lara, Statistical Area 2 (SA2)

Where Lara sits — Socio-economic advantage (IRSAD decile)

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All statistical area 2 (sa2) areas, 2021. The marker is Lara — lower than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Lara5
3211, VIC 6

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area sits comfortably in the middle for overall advantage, though residents have relatively strong access to money and resources, scoring higher than about 80% of similar areas.

5

Lower than 57% 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.

6

Higher than 57% 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.

8

Higher than 71% 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.

5

Lower than 57% 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.

994

Lower than 51% 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.

Lara is among the largest areas of its kind with 23,952 people. Its population growth of 14.8% is much higher than most areas and well above the 8.0% seen across Victoria.

Business & building

Operating businesses and dwellings approved.

With 1,617 businesses, this area is larger than about 80% of similar locations.

1,617

Higher than 79% 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 Lara

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Lara [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/203021043/lara/topic/economy-advantage