Towong · Statistical Area 2 (SA2)

Economy & Advantage in Towong

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

Almost no population growth has been seen in Towong since 2021, while the area maintains a modest business base. The local economy sits slightly below the national average for overall advantage, though residents generally have a fair level of access to money and resources.

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📍 Towong, Statistical Area 2 (SA2)

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

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

Socio-economic advantage (IRSAD decile) compared with the state and national average
Towong4
3691 crosses VIC/NSW 8

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The typical resident has a moderate level of access to money and resources, scoring 6 out of 10. This is higher than about 60% of similar areas, though the overall advantage score of 968 is slightly below the national average.

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.

5

Lower 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.

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.

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.

968

Lower than 62% 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 has completely stalled at 0.0% since 2021. This is much lower than most similar areas and sits well below the Victorian growth rate of 8.0%.

Business & building

Operating businesses and dwellings approved.

Towong is home to 985 businesses, which is more than about 55% of similar areas.

985

Higher than 55% 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 Towong

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Towong [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/204031072/towong/topic/economy-advantage