Monbulk - Silvan · Statistical Area 2 (SA2)

Economy & Advantage in Monbulk - Silvan

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

High levels of financial security define daily life in Monbulk - Silvan, where residents are better off than about 70% of other areas. Most people here have strong access to money and resources, contributing to a community with very little disadvantage.

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📍 Monbulk - Silvan, Statistical Area 2 (SA2)

Where Monbulk - Silvan sits — Socio-economic advantage (IRSAD decile)

7
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All statistical area 2 (sa2) areas, 2021. The marker is Monbulk - Silvan — higher than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Monbulk - Silvan7
3793, VIC 7

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area scores a 9 out of 10 for access to money and resources, which is higher than about 90% of similar places. This financial strength is paired with a typical education and skills level that sits above about 60% of other areas.

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Higher than 64% 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.

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.

6

Higher 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.

1,024

Higher than 61% 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 shrunk slightly by 0.3% since 2021. This is much lower than most other areas and well below the Victorian growth rate of 8.0%.

Business & building

Operating businesses and dwellings approved.

There are 767 businesses operating in the area, which is a smaller number than about 59% of similar regions.

767

Lower than 58% 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 Monbulk - Silvan

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Monbulk - Silvan [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/211051279/monbulk-silvan/topic/economy-advantage