Mill Park - North · Statistical Area 2 (SA2)

Economy & Advantage in Mill Park - North

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

A population drop of 0.2% since 2021 sets Mill Park - North apart from the rest of Victoria, where the state grew by 8%. Despite this stagnation, the area remains a significant hub with over 1,400 businesses and a population of 17,610 people.

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📍 Mill Park - North, Statistical Area 2 (SA2)

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

5
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All statistical area 2 (sa2) areas, 2021. The marker is Mill Park - North — lower than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Mill Park - North5
3082, VIC 6

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area sits right in the middle of the pack for overall advantage, with a score of 993 that is slightly lower than the national average.

5

Lower than 57% 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.

6

Higher 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.

993

Lower than 52% 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.

While the population is larger than about 81% of similar areas, growth has stalled. The recent decline of 0.2% is well below the Victorian growth rate of 8%.

Business & building

Operating businesses and dwellings approved.

The local economy is active, with 1,417 businesses operating in the area, which is more than about 74% of similar places.

1,417

Higher than 74% 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 Mill Park - North

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Mill Park - North [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/209041220/mill-park-north/topic/economy-advantage