Strathmore · Statistical Area 2 (SA2)

Economy & Advantage in Strathmore

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

A score of 9 out of 10 for overall advantage makes Strathmore one of the most prosperous areas in the region. Residents here have significantly more money, resources, and job skills than about 90% of similar places. This high level of wealth is matched by very low levels of disadvantage.

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📍 Strathmore, Statistical Area 2 (SA2)

Where Strathmore 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 Strathmore — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Strathmore9
3041, VIC 9

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Strathmore ranks in the top 10% of areas for both education and financial resources. Its overall advantage score of 1,100 is much higher than the national figure of 1,000.

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.

10

Higher than 99% 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.

9

Higher 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.

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.

1,100

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 grew by 4.2% since 2021, which is around the middle for similar areas. This growth is well below the Victorian rate of 8.0%.

Business & building

Operating businesses and dwellings approved.

There are 917 businesses operating in the area, a count that is larger than about 51% of similar places.

917

Higher than 51% 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 Strathmore

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Strathmore [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/210011231/strathmore/topic/economy-advantage