Ascot Vale · Statistical Area 2 (SA2)

Economy & Advantage in Ascot Vale

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

High levels of advantage define Ascot Vale, where the area ranks better than about 80% of all other areas across Australia. It is a well-educated community with a strong overall advantage score of 1,062, which is higher than the national average.

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📍 Ascot Vale, Statistical Area 2 (SA2)

Where Ascot Vale sits — Socio-economic advantage (IRSAD decile)

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All statistical area 2 (sa2) areas, 2021. The marker is Ascot Vale — higher than 71% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Ascot Vale8
3032, VIC 9

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have very high levels of education and job skills, ranking higher than about 90% of similar areas. This helps explain the overall advantage score, although access to money and resources is lower than in about 60% of other places.

8

Higher than 71% 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.

6

Higher 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.

4

Lower 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.

9

Higher than 86% 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.

1,062

Higher than 75% 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 grown to 16,398 people, which is larger than about 77% of similar areas. Since 2021, the population rose by 6.8%, a rate that is higher than most areas but a little below the Victorian figure of 8.0%.

Business & building

Operating businesses and dwellings approved.

There are 1,381 businesses operating in the area, which is more than about 73% of similar locations.

1,381

Higher than 73% 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 Ascot Vale

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Ascot Vale [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/206031113/ascot-vale/topic/economy-advantage