Korumburra · Statistical Area 2 (SA2)

Economy & Advantage in Korumburra

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

A modest local economy supports the 10,007 people living in Korumburra, though growth has slowed recently. While the town has a fair amount of business activity, the typical resident has fewer educational and job resources than people in most other similar areas.

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📍 Korumburra, Statistical Area 2 (SA2)

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

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

Socio-economic advantage (IRSAD decile) compared with the state and national average
Korumburra4
3946, VIC 7

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area's overall advantage score of 966 is lower than the national average. While residents have better access to money and resources than 70% of similar areas, their level of education and job skills is smaller than about 60% of those areas.

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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.

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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.

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Higher than 64% 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 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.

966

Lower than 63% 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 slowed to 2.2% since 2021, which is lower than most areas and well below the Victoria figure of 8.0%.

Business & building

Operating businesses and dwellings approved.

Korumburra is home to 1,219 businesses, a number that is larger than about 67% of similar areas.

1,219

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 Korumburra

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Korumburra [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/205031089/korumburra/topic/economy-advantage