Phillip Island · Statistical Area 2 (SA2)

Economy & Advantage in Phillip Island

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

A typical level of advantage defines Phillip Island, where residents have similar access to money and skills as about half of all other areas. While the overall advantage score of 971 is slightly below the national figure, the population has grown by 7.7% since the last census.

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📍 Phillip Island, Statistical Area 2 (SA2)

Where Phillip Island sits — Socio-economic advantage (IRSAD decile)

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

Socio-economic advantage (IRSAD decile) compared with the state and national average
Phillip Island4
3922, VIC 4

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The typical resident has a mid-range level of education and job skills. However, the overall advantage score is lower than about 61% of other areas across the country.

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.

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.

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.

971

Lower than 61% 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 been strong, rising by 7.7% since 2021. This is higher than most similar areas and sits about the same as the Victorian rate of 8.0%.

Business & building

Operating businesses and dwellings approved.

The area is more business-heavy than many similar places, with 1,236 businesses operating across the island.

1,236

Higher than 67% 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 Phillip Island

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Phillip Island [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/205031091/phillip-island/topic/economy-advantage