Broadmeadows · Statistical Area 2 (SA2)

Economy & Advantage in Broadmeadows

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

Broadmeadows ranks among the most disadvantaged areas in the country for money and resources. With an overall advantage score of 840, it sits well below the national average of 1,000. The area faces significant challenges in education and job skills, though it has seen steady growth in its population and business base.

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📍 Broadmeadows, Statistical Area 2 (SA2)

Where Broadmeadows sits — Socio-economic advantage (IRSAD decile)

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All statistical area 2 (sa2) areas, 2021. The marker is Broadmeadows — lower than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Broadmeadows1
3047, VIC 1

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area's overall advantage score is among the smallest of its kind, with a rank of 1 out of 10 for access to money and resources. This standing is lower than about 90% of similar areas across the country.

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Lower 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.

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Lower 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.

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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.

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Lower 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.

840

Lower than 98% 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.

Broadmeadows has grown by 6.5% since 2021, a rate that is higher than most areas, though a little below the Victorian figure of 8.0%. The total population now stands at 14,972.

Business & building

Operating businesses and dwellings approved.

The local economy is supported by 1,648 businesses, which is more than about 81% of similar areas.

1,648

Higher than 80% 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 Broadmeadows

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Broadmeadows [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/210051242/broadmeadows/topic/economy-advantage