Bright - Mount Beauty · Statistical Area 2 (SA2)

Economy & Advantage in Bright - Mount Beauty

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

More than 1,200 businesses operate across Bright - Mount Beauty, making it more business-active than about two-thirds of similar areas. This creates a solid economic foundation for the region, where residents generally have better access to money and education than half the country.

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📍 Bright - Mount Beauty, Statistical Area 2 (SA2)

Where Bright - Mount Beauty sits — Socio-economic advantage (IRSAD decile)

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All statistical area 2 (sa2) areas, 2021. The marker is Bright - Mount Beauty — higher than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Bright - Mount Beauty6
3740, VIC 7

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area scores a 6 out of 10 for overall advantage, which is larger than about 60% of similar regions. This is supported by a strong education and job skills score of 7, which is higher than about 70% of areas at this level.

6

Higher 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.

7

Higher than 64% 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.

6

Higher than 57% 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.

7

Higher than 64% 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.

1,011

Higher than 56% 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.

Population growth since 2021 has been 1.3%, which is much lower than most areas. This figure is well below the Victorian growth rate of 8.0%.

Business & building

Operating businesses and dwellings approved.

With 1,212 businesses, the local economy is larger than about 66% of similar areas.

1,212

Higher than 66% 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 Bright - Mount Beauty

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Bright - Mount Beauty [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/204031069/bright-mount-beauty/topic/economy-advantage