West Melbourne - Residential · Statistical Area 2 (SA2)

Economy & Advantage in West Melbourne - Residential

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

A top-tier advantage score of 9 puts West Melbourne - Residential among the most advantaged areas in the country. While access to money and resources is lower than in 90% of similar areas, the region is defined by exceptionally high levels of education and job skills.

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📍 West Melbourne - Residential, Statistical Area 2 (SA2)

Where West Melbourne - Residential 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 West Melbourne - Residential — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
West Melbourne - Residential9
3003, VIC 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area ranks in the top 10% for overall advantage with a score of 1,099, which is larger than most similar areas. This strong standing is driven by education and job skills, which are among the highest possible at level 10.

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.

7

Higher than 64% 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.

1

Lower than 99% 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.

1,099

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.

Growth has been rapid, with the population jumping by 27.4% since 2021. This increase is far above the Victorian figure of 8.0%.

Business & building

Operating businesses and dwellings approved.

There are 1,156 businesses operating here, a count that is larger than about 64% of similar areas.

1,156

Higher than 63% 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 West Melbourne - Residential

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in West Melbourne - Residential [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/206041510/west-melbourne-residential/topic/economy-advantage