Parkville · Statistical Area 2 (SA2)

Economy & Advantage in Parkville

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

Highly educated professionals drive the local economy in Parkville, where overall advantage is larger than about 90% of other areas. While the typical resident is very well off, this doesn't always mean they have easy access to money and resources. The area is growing quickly, with a population increase of 11.5% since 2021.

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📍 Parkville, Statistical Area 2 (SA2)

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

9
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Parkville — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Parkville9
3052, VIC 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have some of the highest education and job skills in the country. This high level of qualification helps explain why the overall advantage score of 1,102 is larger than about 88% of other areas, even though access to money and resources is smaller than about 80% of similar places.

9

Higher than 86% 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.

8

Higher than 71% 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.

2

Lower than 86% 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.

10

Higher than 99% 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.

1,102

Higher than 87% 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 by 11.5% since 2021, which is much higher than most areas. This growth is well above the Victorian figure of 8.0%.

Business & building

Operating businesses and dwellings approved.

There are 755 businesses operating in the area, which is smaller than about 59% of similar locations.

755

Lower than 59% 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 Parkville

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Parkville [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/206041124/parkville/topic/economy-advantage