Albert Park · Statistical Area 2 (SA2)

Economy & Advantage in Albert Park

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

Growth has picked up in Albert Park, where the population rose by 7.8% since the last census. It is now an area of exceptional advantage, with an overall advantage score of 1,132 that ranks among the highest in the country.

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📍 Albert Park, Statistical Area 2 (SA2)

Where Albert Park sits — Socio-economic advantage (IRSAD decile)

10
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Albert Park — higher than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Albert Park10
3206, 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 nation. This helps drive an overall advantage score that is among the largest at its level, with very little disadvantage compared to 90% of other areas.

10

Higher than 99% 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.

9

Higher than 86% 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.

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.

1,132

Higher than 94% 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 17,253 people, which is larger than about 80% of similar areas. This recent growth of 7.8% is about the same as the Victorian figure.

Business & building

Operating businesses and dwellings approved.

The local economy is supported by 5,713 businesses, making it one of the largest business hubs among similar areas.

5,713

Higher than 87% 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 Albert Park

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Albert Park [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/206051128/albert-park/topic/economy-advantage