Myrtleford · Statistical Area 2 (SA2)

Economy & Advantage in Myrtleford

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

A population drop of 1.7% since 2021 ever since the last census marks Myrtleford as an area where growth is well below the Victorian average. The town faces some challenges with resources and job skills, resulting in an overall advantage score of 951, which is lower than the national figure.

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📍 Myrtleford, Statistical Area 2 (SA2)

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

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All statistical area 2 (sa2) areas, 2021. The marker is Myrtleford — lower than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Myrtleford4
3737, VIC 4

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The typical resident has less access to money and resources than 60% of similar areas. This is reflected in a low overall advantage score, which is smaller than about 69% of other areas.

4

Lower than 64% 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.

4

Lower 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.

5

Lower 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.

4

Lower 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.

951

Lower than 70% 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 fallen by 1.7%, a trend that is among the lowest for this level and well below Victoria's 8% growth.

Business & building

Operating businesses and dwellings approved.

There are 589 businesses operating in the area, which is a smaller number than about 69% of similar regions.

589

Lower than 69% 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 Myrtleford

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Myrtleford [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/204031071/myrtleford/topic/economy-advantage