Oak Park · Statistical Area 2 (SA2)

Economy & Advantage in Oak Park

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

An overall advantage score of 1,071 makes Oak Park more advantaged than about 79% of similar areas. This local area is generally well-off, particularly when it comes to the education and skills of its residents.

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📍 Oak Park, Statistical Area 2 (SA2)

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

8
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Oak Park — higher than 71% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Oak Park8
3046, VIC 6

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have a high level of education and job skills, placing them above about 80% of similar areas. This helps drive an overall advantage rating of 8 out of 10, which is higher than most other places.

8

Higher than 71% 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.

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.

8

Higher than 71% 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.

1,071

Higher than 78% 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 7.3% since the last census, a rate that is higher than most areas and about the same as the Victorian average.

Business & building

Operating businesses and dwellings approved.

There are 555 businesses operating in the area, which is a smaller number than about 71% of similar places.

555

Lower than 71% 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 Oak Park

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Oak Park [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/210031537/oak-park/topic/economy-advantage